Rockwood, MI


Highest Appreciating Rockwood Neighborhoods Since 2000

Rockwood, MI Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rockwood Housing Market Information

With 3,199 people, 1,318 houses or apartments, and a median cost of homes of $147,270, Rockwood real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rockwood, accounting for 66.48% of the city's housing units. Other types of housing that are prevalent in Rockwood include large apartment complexes or high rise apartments ( 16.17%), duplexes, homes converted to apartments or other small apartment buildings ( 8.78%), and a few mobile homes or trailers ( 4.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rockwood. Owner-occupied housing accounts for 68.52% of Rockwood's homes, and 68.29% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rockwood's housing was primarily built during this period, from the '40s through the '60s. A full 45.71% of the city's housing hails from this era. Other housing ages represented in Rockwood include homes built between 1970-1999 ( 42.72%) and housing constructed before 1939 ( 7.11%). There's also some housing in Rockwood built between 2000 and later ( 4.46%).

Rockwood Home Appreciation Rates

Rockwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rockwood during the period has been just -1.06%, which is lower than 70% of US communities.

Appreciation rates are so strong in Rockwood that despite a nationwide downturn in the housing market, Rockwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockwood appreciation rates continue to be some of the highest in America, at 5.67%, which is higher than appreciation rates in 70.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockwood. Rockwood appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Rockwood 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 Rockwood's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:


Value Range
> $1,266,000 0.8
$950,001 - $1,266,000 0.0
$633,001 - $950,000 0.0
$506,001 - $633,000 0.0
$380,001 - $506,000 1.5
$253,001 - $380,000 16.2
$127,001 - $253,000 37.8
$63,001 - $127,000 34.7
$0 - $63,000 9.0

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
51.1719207781554 38.6217948717949

Number Of Homes And Apartments:

Rockwood Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
-1.20% -0.07% 3 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,059 / per month

Homeownership Rate

Owners 68.52
Renters 31.48
Vacant 8.15

Housing Market Details


Age of Homes

2000 or Newer 4.5
1970 - 1999 42.7
1940 - 1969 45.7
1939 or Older 7.1

Types of Homes

Single-Family 66.5
Townhomes 4.2
Small Apt. Buildings 8.8
Apt. Complexes 16.2
Mobile Homes 4.4
Other 0.0

Home Size

No Bedroom 1.18
1 Bedroom 9.48
2 Bedrooms 18.40
3 Bedrooms 51.71
4 Bedrooms 16.59
5 or more bedrooms 2.65