Welcome to our 48309 real estate data hub, tailored for investors in Rochester Hills, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 48309 in Rochester Hills, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in OAKLAND COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Rochester Hills, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Rochester Hills property market.
-
Location Overview
- Zip Code: 48309
- City: Rochester Hills
- State: MI
- Metro Area: Detroit-Warren-Dearborn, MI
- County Name: OAKLAND COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $426,729
- Average Home Price (Single Family Homes): $440,612
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 1.1%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,570
- Average 3 Bedroom Section 8 Rental Rates: $1,960
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.65
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.14
- Number of Units Offered in Section 8 in the County: 6085
- Number of Occupied Units in Section 8 in the County: 5730
- Percentage of Section 8 Units Occupied in the County: 94.19999695%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 152.86
- Total % Appreciation since 2000 (Government Data): 56.78
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.12%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.07%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.02%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.78%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 78.4%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 68.79%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 51.18%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%