Why Live in Rockwood
Rockwood, MI, a small suburban city located 26 miles from downtown Detroit, spans less than 3 square miles between the Huron and Detroit Rivers. Established in the late 1700s and becoming a city in 1964, Rockwood retains a small-town feel with a population of under 3,500. The city features a mix of housing styles, including Colonial Revivals, Craftsman bungalows, Victorians, French Country, and ranch-style homes, set on tree-lined streets with spacious lots. The Gibraltar School District serves the area, with schools earning high ratings and offering programs like dual enrollment and robotics clubs. Rockwood's green spaces include Deland G. Mercure Memorial Park, which has baseball fields, playgrounds, and courts for various sports, and the expansive Lake Erie Metropark, featuring a golf course, marina, wave pool, and the Marshlands Museum and Nature Center. Dining options in Rockwood include River Village Family Restaurant, known for its American and Greek cuisine and kayak rentals, and Benito’s Pizza, a family-owned chain offering a variety of Italian dishes. The city is well-connected by I-75 and is 18 miles from Detroit Metropolitan Airport. Local amenities include grocery stores like Rockwood Market Place and Save a Lot, with additional shopping and dining options in nearby Ann Arbor and Detroit.
Frequently Asked Questions
What is the average home price in Rockwood, MI?
Homes for sale in Rockwood, MI have an average home price of $284,025.
Are home prices dropping in Rockwood?
Yes, home prices in Rockwood are down 5% in the last 12 months.
How many homes have sold over the last 12 months in Rockwood, MI?
81 homes have sold in Rockwood, MI over the last 12 months.
What are the most popular zip codes in Rockwood, MI?
How much do you need to make to afford a house in Rockwood?
The median home price in Rockwood is $240,000. If you put a 20% down payment of $48,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,250 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Rockwood.
How are the schools in Rockwood, MI?
Home Trends in Rockwood, MI
On average, homes in Rockwood, MI sell after 33 days on the market compared to the national average of 51 days. The median sale price for homes in Rockwood, MI over the last 12 months is $236,500, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$236,500
Median Single Family Sale Price
$236,500
Median 2 Bedroom Sale Price
$167,450
Average Price Per Sq Ft
$171
Number of Homes for Sale
8
Last 12 months Home Sales
81
Median List Price
$240,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-8%
