Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 73,424 people, 28,046 houses or apartments, and a median cost of homes of $268,937, Rochester Hills real estate is some of the most expensive in Michigan, although Rochester Hills home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Rochester Hills, accounting for 66.88% of the city's housing units. Other types of housing that are prevalent in Rochester Hills include large apartment complexes or high rise apartments ( 16.81%), row houses and other attached homes ( 8.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.26%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rochester Hills. Owner-occupied housing accounts for 73.88% of Rochester Hills's homes, and 65.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rochester Hills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rochester Hills built between 1940-1969 ( 18.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.15%). There's also some housing in Rochester Hills built before 1939 ( 2.37%).
Appreciation rates for homes in Rochester Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.78%, which ranks in the top 40% nationwide. This equates to an annual average Rochester Hills house appreciation rate of 0.47%.
NeighborhoodScout's data show that during the latest twelve months, Rochester Hills's appreciation rate, at 5.22%, has been at or slightly above the national average. In the latest quarter, Rochester Hills's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.
Importantly, this makes Rochester Hills one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Rochester Hills's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rochester Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rochester Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rochester Hills real estate investment or home purchase decisions.
|$934,001 - $1,246,000||0.5|
|$623,001 - $934,000||3.2|
|$499,001 - $623,000||5.7|
|$374,001 - $499,000||17.2|
|$249,001 - $374,000||30.4|
|$125,001 - $249,000||28.4|
|$62,001 - $125,000||6.7|
|$0 - $62,000||7.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Rochester Hills HOMES|
|2000 or Newer||10.2|
|1970 - 1999||68.9|
|1940 - 1969||18.5|
|1939 or Older||2.4|
|TYPE OF Rochester Hills HOMES|
|Small Apt. Buildings||4.3|
|SIZE OF Rochester Hills HOMES|
|5 or more bedrooms||3.14|