Rochester, MI Real Estate
According to census data in the year 2000 there were 5,056 housing units in Rochester.
This represents a 37.4% growth from 3,680 in 1990.
Of those housing units, 5,056 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 is about 64.2%.
Rochester's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Rochester were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 18% |
| Two Bedrooms | 30.90% |
| Three Bedrooms | 22.90% |
| Four Bedrooms | 25.50% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $260,700 |
| Median Price asked for vacant units | $347,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.45 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $615 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 68.30% |
| Debt Free | 15.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
