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Rochester Hills

Learn about the people, housing, costs and businesses in Rochester Hills, Michigan

Median Home$366,311
Median Rent$1,841/month
Population76,749
Leading IndustriesRetail · Arts, Food & Hospitality · Healthcare25% retail
Home Value Growth⬆⬆+13.8% over 2 years
Young Adults25% of residents
Homeowners77% of occupied units
NotableHighly Educated34% bachelor's · 21% graduate · top 4% nationally
NotableHigh Incomes$123k/year · top 8% nationally
Rochester Hills
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Rochester Hills?

As of today, the 30-year fixed mortgage rate for Rochester Hills is approximately 6.888% (6.924% 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 Rochester Hills?

The median home value in Rochester Hills is $366k. The median monthly rent is $1,841. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rochester Hills?

Home values in Rochester Hills have increased 13.8% 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 Rochester Hills?

Based on a typical all-in ownership cost of $1,684/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rochester Hills is $123k/year.

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What industries drive the economy in Rochester Hills?

The largest employment sectors in Rochester Hills are retail (25%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.