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These days, finding an affordable place to live in the Rochester Hills area can be challenging. Home prices in Rochester Hills are now at a median cost of $306,537, higher than the Michigan average of $196,062.
The average cost of rent is $1,503/mo in Rochester Hills, primarily driven by the current value of real estate in the Rochester Hills area. While nearly 37.90% of residents own their homes outright in Rochester Hills, 24.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rochester Hills is $9,172 per month. Households that rent pay about 16.39% of their income on rent here. Rochester Hills's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Rochester, MI: higher priced homes
- Auburn Hills, MI: less expensive homes
- Utica, MI: less expensive homes
- Pontiac, MI: less expensive homes
- Troy, MI: equally priced homes
- Oakland, MI: higher priced homes
- Washington, MI: higher priced homes
- Lake Orion, MI: equally priced homes
- Bloomfield Hills, MI: higher priced homes
- Sterling Heights, MI: less expensive homes
Cities with Similar Populations
- Lancaster, PA: less expensive homes
- Land O' Lakes, FL: equally priced homes
- Lakewood, CA: higher priced homes
- Lafayette, IN: less expensive homes
- Lakewood, CO: higher priced homes
- Knoxville, TN: less expensive homes
- Lakewood, NJ: higher priced homes
- Lancaster, CA: less expensive homes
- Lacey, WA: equally priced homes
- Lakewood, WA: equally priced homes
All Local Stats
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