Rochester Hills Home Prices & Values

$267,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.0% 1-year change
  • 2.8% 1-year forecast

Market Temperature: WarmWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Rochester Hills is $267,800. Rochester Hills home values have gone up 10.0% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Rochester Hills is $129, which is higher than the Detroit Metro average of $104. The median price of homes currently listed in Rochester Hills is $295,000 while the median price of homes that sold is $256,950.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Rochester Hills is 1.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Rochester Hills homeowners underwater on their mortgage is 7.2%, which is lower than Detroit Metro at 23.2%.

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Relative ZHVI
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Rochester Hills Market Overview

Data through Jul 31, 2014
  • $267,800 ZHVI
  • 2.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $295,000 Median listing price
  • $256,950 Median sale price
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Rochester Hills Market Health

Data through Jul 31, 2014
  • 7.1/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 7.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bloomfield Hills $403,400 Birmingham $396,300 Oakland $354,600
Rochester $300,400 Troy $256,000 Utica $200,300
Clawson $143,600 Auburn Hills $126,900 Pontiac $53,800

Listings & Sales

Data through Jul 31, 2014
  • $129 Median list price / sq ft
  • $126 Median sale price / sq ft
  • 46.2% Listings with price cut
21.7%
Sold below listing
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Rochester Hills Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,982 Rochester Hills
$1,062 Detroit Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.95 Rent list price / sq ft
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