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River Rouge

Learn about the people, housing, costs and businesses in River Rouge, Michigan

Median Home$57,433
Median Rent$860/month
Population7,008
Leading IndustriesInformation & Media · Finance & Insurance · Retail11% information & media
Home Value Growth⬆⬆⬆+36.4% over 2 years
Young Adults34% of residentswell above average
Homeowners57% of occupied units
River Rouge
MI

Frequently Asked Questions

What are today's mortgage rates in River Rouge?

As of today, the 30-year fixed mortgage rate for River Rouge is approximately 7.625% (7.695% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in River Rouge?

The median home value in River Rouge is $57k. The median monthly rent is $860. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in River Rouge?

Home values in River Rouge have increased 36.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in River Rouge?

Based on a typical all-in ownership cost of $672/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in River Rouge is $41k/year.

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What industries drive the economy in River Rouge?

The largest employment sectors in River Rouge are retail (20%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.