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According to statistics, the population in Rochester Hills, MI amounts to 73,458, which shows decline 1% compared to the previous year. The median age of the city’s residents is 42. The average household income is $87,475, shifting growth 5% from the past year, and the average property value in Rochester Hills, MI growth 7% to $264,400 throughout the year.
|Number Of Employees||36,550|
|Median Property Value||$264,400|
The average household income in Rochester Hills, MI grew from $83,507 to $87,475 in the past year. This data is an estimate based upon 28,468 households in Rochester Hills, MI . The chart below presents how household income is distributed in Rochester Hills, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Rochester Hills, MI shifted from $247,500 to $264,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Rochester Hills, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Rochester Hills, MI properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Rochester Hills, MI compared to median property taxes around the country. The prevalent amount of property taxes in Rochester Hills, MI equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed apartments||$219,900||-66.4%|
|3 bed apartments||$175,000||-60.5%|
|4+ bed apartments||$734,986||+55.1%|
During Aug 2021, the average price for an apartment in/near Rochester Hills, MI increased by 38% to $671,747.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $219,900. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $175,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $734,986 for a big-family home.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$699,100||+53.2%|
|Condos for sale||$197,450||-69.9%|
|Lofts for sale||$750,000||+72.8%|
|Apartments for sale||$820,950||+30.4%|
While assessing the property pricing Rochester Hills, MI, you can note that it remains flat with a price tag of $820,950. According to statistics, average house is still $699,100 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $197,450. The price statistics of lofts have not significantly changed, it now still goes for $750,000.
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