Zip 48307 (Rochester Hills, MI) Housing

The housing in 48307 Rochester Hills, MI is on par with the US median value of $338,100. The median value for this area is $363,300 and it has experienced a 1 year appreciation rate of 8.00%, which is similar to the US rate of 8.27%. This indicates that the housing market in 48307 Rochester Hills, MI is doing well and home values are likely to continue to rise over time.

The median home cost in Rochester Hills (zip 48307) is $363,300. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Rochester Hills (zip 48307) is up 11.2%.

Average Age of Homes

- The median age of Rochester Hills (zip 48307) real estate is 34 years old

The Rental Market in Rochester Hills (zip 48307)

- Renters make up 33.4% of the Rochester Hills (zip 48307) population
- 3.0% of houses and apartments in Rochester Hills (zip 48307), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rochester Hills, Michigan	United States
	19,434.0	139,647,020.0
	37	42
	$363,300	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$13.30	$10.98
	$3,720	$2,690
	63.3%	57.4%
	7.5%	11.2%
	29.3%	31.4%
Vacant Housing
	3.0%	1.9%
	0.4%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	2.2%	2.4%
	1.2%	2.8%
	0.8%	3.9%
	1.6%	4.5%
	4.3%	11.3%
	16.7%	13.0%
	26.8%	20.1%
	20.8%	13.6%
	14.4%	8.3%
	6.6%	9.7%
	0.9%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.3%	13.6%
	11.3%	13.6%
	20.7%	13.6%
	21.7%	13.2%
	19.9%	14.8%
	20.7%	13.6%
	6.6%	10.0%
	2.1%	4.7%
	5.8%	12.2%

Reviews for Rochester Hills

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Bloom · Rochester, MI

Oakland County, Michigan

Over 18 years ago

The housing market is in the toilet. The big three, as well as some of their major suppliers, are in serious financial trouble. The automotive industry is alive and More

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