Rochester Hills, MI—48307
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Rochester Hills, MI
Home Price Trends — Rochester Hills, MI
As of Oct '25, the median home price in Rochester Hills, MI is $404,000, with a year-over-year change of 2.8%. This indicates that home prices in Rochester Hills, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | 2.8% |
| Single Family | $439,000 | 2.3% |
| Condos | $277,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $145,000 | 4.3% |
2 Bed | $267,000 | 2.3% |
3 Bed | $388,000 | 2.6% |
4 Bed | $563,000 | 2.6% |
| 5 Bed | $659,000 | 2.3% |
% of Housing Stock
Rental Trends — Rochester Hills, MI
As of July '25, Rentcast reports the average rent in Rochester Hills, MI is $2,200, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Rochester Hills, MI is studios: $1,400, 1-bedrooms: $1,550, 2-bedrooms: $1,960, 3-bedrooms: $2,640, 4-bedrooms: $3,090. The most common rental property sizes in Rochester Hills, MI are 2-bedroom and 1-bedroom, accounting for 45.5% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,200 |
| Studio Rent | $1,300 | $1,400 |
| 1 Bed Rent | $1,400 | $1,550 |
| 2 Bed Rent | $1,850 | $1,960 |
| 3 Bed Rent | $2,550 | $2,640 |
| 4 Bed Rent | $3,000 | $3,090 |
% of Rental Stock
Property Listings — Rochester Hills, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Rochester Hills, MI is 37. This is a increase of 25.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $536,000 | 8.0% |
Listing Count | 122 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 37 | 25.0% |
Demographics — Rochester Hills, MI
As of the latest ACS Survey released in 2023, Rochester Hills, MI has a population of 44,300, which has increased by 1.3% over the past 5 years. Rochester Hills, MI is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 58.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,300 | 1.3% |
% Under 18 | 20.8% | -5.9% |
% Seniors | 15.8% | 8.2% |
% WFH | 20.1% | 402.5% |
% w/ College Degree | 58.1% | 11.5% |
As of the latest ACS Survey released in 2023, Rochester Hills, MI is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Rochester Hills, MI is asian, making up 13.5% of the population. Foreign-born residents account for 19.4% of the population in Rochester Hills, MI, and this percentage has decreased by 3.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.6% | -3.4% |
% Black | 4.0% | -13.0% |
% Hispanic | 3.9% | -27.8% |
% Asian | 13.5% | 14.4% |
% Foreign Born | 19.4% | -3.0% |
Mortgage and Risk — Rochester Hills, MI
According to HUD data as of 2023, there were 605 mortgage originations in Rochester Hills, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Rochester Hills, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 605 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Rochester Hills, MI
As of 2024, the percent of homes in Rochester Hills, MI under the Section 8 program is 3.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Rochester Hills, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 208 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,400 | $1,370 |
| 2 Bedroom | -$120 | $1,850 | $1,730 |
| 3 Bedroom | -$430 | $2,550 | $2,120 |
| 4 Bedroom | -$710 | $3,000 | $2,290 |
Affordability — Rochester Hills, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $404,000 |
| Median Household Income | $105,000 |