Rochester Hills, MI—48309
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 $469,000, with a year-over-year change of 2.9%. This indicates that home prices in Rochester Hills, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $469,000 | 2.9% |
| Single Family | $483,000 | 2.8% |
| Condos | $311,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | 4.1% |
3 Bed | $401,000 | 3.4% |
4 Bed | $530,000 | 2.1% |
| 5 Bed | $640,000 | 2.1% |
% of Housing Stock
Rental Trends — Rochester Hills, MI
As of July '25, Rentcast reports the average rent in Rochester Hills, MI is $2,490, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Rochester Hills, MI is studios: $2,160, 1-bedrooms: $1,650, 2-bedrooms: $2,020, 3-bedrooms: $2,420, 4-bedrooms: $3,480. The most common rental property sizes in Rochester Hills, MI are 1-bedroom and 2-bedroom, accounting for 39.6% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,490 |
| Studio Rent | $2,160 | $2,160 |
| 1 Bed Rent | $1,320 | $1,650 |
| 2 Bed Rent | $1,800 | $2,020 |
| 3 Bed Rent | $2,500 | $2,420 |
| 4 Bed Rent | $3,200 | $3,480 |
% 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 36. This is a increase of 27.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $483,000 | -13.0% |
Listing Count | 94 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 36 | 27.0% |
Demographics — Rochester Hills, MI
As of the latest ACS Survey released in 2023, Rochester Hills, MI has a population of 30,300, which has remained stable by 0.4% over the past 5 years. Rochester Hills, MI is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 63.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 0.4% |
% Under 18 | 21.2% | 7.1% |
% Seniors | 19.7% | -1.5% |
% WFH | 20.0% | 300.0% |
% w/ College Degree | 63.0% | 7.9% |
As of the latest ACS Survey released in 2023, Rochester Hills, MI is a predominantly white area, with 75.1% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Rochester Hills, MI is asian, making up 12.2% of the population. Foreign-born residents account for 18.7% of the population in Rochester Hills, MI, and this percentage has increased by 19.9% 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 | 75.1% | -4.6% |
% Black | 3.8% | -24.0% |
% Hispanic | 4.4% | 18.9% |
% Asian | 12.2% | 16.2% |
% Foreign Born | 18.7% | 19.9% |
Mortgage and Risk — Rochester Hills, MI
According to HUD data as of 2023, there were 572 mortgage originations in Rochester Hills, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 21.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 572 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
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 7.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Rochester Hills, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 94.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,320 | $1,410 |
| 2 Bedroom | -$20 | $1,800 | $1,780 |
| 3 Bedroom | -$320 | $2,500 | $2,180 |
| 4 Bedroom | -$840 | $3,200 | $2,360 |
Affordability — Rochester Hills, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $469,000 |
| Median Household Income | $118,000 |