Rochester, MI Foreclosures
How much do homes sell for in Rochester, MI?
The average home price is currently $646,488.
In Rochester, MI, how many homes are available?
There are currently 89 active home listings available in Rochester.
What’s the average rental cost in Rochester, MI?
The average rental price in Rochester is $2,272.
What is the most expensive home in Rochester?
The most expensive home sold in Rochester had a price of $6,755,128.
What is currently the cheapest priced home in Rochester, MI?
The cheapest home for sale in Rochester is priced at $19,781.
Living in Rochester, MI
Rochester, Michigan, is a charming and vibrant city known for its picturesque downtown area, historic homes, and community-oriented approach to life. With a blend of small-town charm and metropolitan conveniences, it features a variety of shops, restaurants, and cultural events throughout the year. The city's commitment to preserving its natural beauty is evident in the numerous parks and recreational areas available to residents and visitors alike.
Current Market Conditions in Rochester, MI
Rochester's real estate market is considered competitive, with a steady increase in property values over the past year, demonstrating a strong demand for housing. Homes in the area are often sought after due to the city's excellent schools, parks, and vibrant community life, attracting both families and young professionals. Many properties in Rochester have experienced bidding wars as buyers look to secure their ideal home which has also led to quicker sales and an increase in the number of homes sold compared to previous years.
The downtown revitalization has positively influenced the market, with new developments and renovations attracting interest in the area. As a result, there's an influx of new businesses, contributing further to the appeal of living in Rochester. Overall, this trend is expected to continue, with the city maintaining its allure due to ongoing improvements and community programs.
Home Value Estimator For Rochester, MI
There are currently 8,172 real estate properties
in Rochester, MI,
with a median automated valuation model (AVM) price
of $572,433.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rochester, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Rochester, MI,
is $646,488.00, with the most expensive house
in Rochester, MI, topping out
at $6,755,128.00 and the cheapest home
in Rochester, MI,
clocking in at $19,781.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rochester, MI!
Rent Prices
In Rochester, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rochester, MI, is on
a rollercoaster ride. The
average rent price in Rochester, MI,
is $2,272.00. Indeed, when looking to rent in
Rochester, MI, you can expect to pay as little
as $750.00 or as much
as $3,400.00,
with the average rent median estimated to
be $2,400.00. The good news is that finding
an affordable and desirable property to rent in Rochester, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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