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Roscommon Area

Learn about the people, housing, costs and businesses in Roscommon Area, Michigan

Median Home$224,654
Median Rent$999/month
Population40,616
Leading IndustriesArts, Food & Hospitality · Manufacturing · Healthcare8% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.3% over 2 years
Retirees29% of residentstop 4% nationally
Homeowners83% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableHighly Educated22% bachelor's · 11% graduate · top 24% nationally
Roscommon Area
MI

Frequently Asked Questions

What are today's mortgage rates in Roscommon Area?

As of today, the 30-year fixed mortgage rate for Roscommon Area is approximately 6.970% (7.009% 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 Roscommon Area?

The median home value in Roscommon Area is $225k. The median monthly rent is $999. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Roscommon Area?

Home values in Roscommon Area have increased 21.3% 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 Roscommon Area?

Based on a typical all-in ownership cost of $1,060/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Roscommon Area is $88k/year.

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What industries drive the economy in Roscommon Area?

The largest employment sectors in Roscommon Area are public administration (22%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.