Rochester Hills, MI Real Estate
According to census data in the year 2000 there were 27,272 housing units in Rochester Hills.
This represents a 15.9% growth from 23,535 in 1990.
Of those housing units, 27,272 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Rochester Hills is about 79.2%.
Rochester Hills's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Rochester Hills were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 7.70% |
| Two Bedrooms | 24.60% |
| Three Bedrooms | 33.90% |
| Four Bedrooms | 30.70% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $226,200 |
| Median Price asked for vacant units | $192,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $830 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 15.80% |
| Simple Mortgage | 62.90% |
| Debt Free | 16.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
