Rochester, MI Foreclosures
How much do homes sell for in Rochester, MI?
The average home price is currently $629,145.
In Rochester, MI, how many homes are available?
There are currently 4 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 $6,803,085.
What is currently the cheapest priced home in Rochester, MI?
The cheapest home for sale in Rochester is priced at $48,000.
Living in Rochester, MI
Rochester, MI is a picturesque city bursting with charm, offering a lively downtown with shops and eateries, a strong community vibe, and excellent schooling options. Its lush parks and outdoor activities enhance the quality of life, making it an ideal choice for families. Convenient access to Detroit adds to its appeal for commuters.
Current Market Conditions in Rochester, MI
The real estate market in Rochester has shown a steady increase in home values over the past year, driven by high demand and limited inventory. The blend of historical homes and new builds attracts a diverse range of buyers, from first-time homeowners to those looking for more upscale options. Homes typically sell quickly, often above the asking price, indicating a competitive market.
With its desirable location, Rochester continues to attract new residents, which is reflected in the area's real estate trends. The community's appeal is enhanced by the availability of parks, schools, and cultural events that cater to families and young professionals alike.
Home Value Estimator For Rochester, MI
There are currently 7,825 real estate properties
in Rochester, MI,
with a median automated valuation model (AVM) price
of $565,004.00. 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 $629,145.00, with the most expensive house
in Rochester, MI, topping out
at $6,803,085.00 and the cheapest home
in Rochester, MI,
clocking in at $48,000.00. 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.
Learn more on Foreclosure homes
