River Rouge, MI—48218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — River Rouge, MI
As of Oct '25, the median home price in River Rouge, MI is $84,000, with a year-over-year change of 2.1%. This indicates that home prices in River Rouge, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $84,000 | 2.1% |
| Single Family | $84,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $72,000 | -2.7% |
3 Bed | $91,000 | 1.1% |
4 Bed | $102,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — River Rouge, MI
As of July '25, Rentcast reports the average rent in River Rouge, MI is $965, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in River Rouge, MI is studios: $620, 1-bedrooms: $875, 2-bedrooms: $1,030, 3-bedrooms: $1,300. The most common rental property sizes in River Rouge, MI are 3-bedroom and 1-bedroom, accounting for 32.6% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $965 |
| Studio Rent | $550 | $620 |
| 1 Bed Rent | $800 | $875 |
| 2 Bed Rent | $1,100 | $1,030 |
| 3 Bed Rent | $1,200 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — River Rouge, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in River Rouge, MI is 65. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $102,000 | 22.0% |
Listing Count | 36 | 42.0% |
| Listings as % of Homes | 0.5% | 42.0% |
Days on Market | 65 | 21.0% |
Demographics — River Rouge, MI
As of the latest ACS Survey released in 2023, River Rouge, MI has a population of 7,100, which has decreased by -5.8% over the past 5 years. River Rouge, MI is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 7.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,100 | -5.8% |
% Under 18 | 20.9% | -11.1% |
% Seniors | 11.6% | -4.1% |
% WFH | 8.7% | 58.2% |
% w/ College Degree | 7.1% | -21.1% |
As of the latest ACS Survey released in 2023, River Rouge, MI is a predominantly black area, with 44.8% of the population identifying as black. The black population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in River Rouge, MI is white, making up 34.1% of the population. Foreign-born residents account for 6.5% of the population in River Rouge, MI, and this percentage has increased by 66.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.1% | -7.8% |
% Black | 44.8% | -10.2% |
% Hispanic | 15.6% | 23.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 6.5% | 66.7% |
Mortgage and Risk — River Rouge, MI
According to HUD data as of 2023, there were 47 mortgage originations in River Rouge, MI, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in River Rouge, MI. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — River Rouge, MI
River Rouge, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 468 |
Total Units Section 8 | 114 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $800 | $920 |
| 2 Bedroom | $70 | $1,100 | $1,170 |
| 3 Bedroom | $240 | $1,200 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — River Rouge, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $84,000 |
| Median Household Income | $32,700 |