Market Overview
Home Prices in Rockwood, MI
The median home value in Rockwood, MI is $236,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rockwood are priced42% below average. Rockwood is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Rockwood home values have risen by approximately27.6%, reflecting strong long-term appreciation in this market.
Price History
Rockwood Home Price Trend
City Comparison
Rockwood vs. National Median
At $236,314, homes in Rockwood cost 42% below the national median of $410,000. This makes Rockwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rockwood?
20% Down Payment
$47,263
on $236,314
Monthly P&I
$1,232/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,565/mo
incl. taxes & insurance
Income Needed
$62,600
gross annual (30% rule)
10% Down Option
$23,631
+ PMI applies
Loan Amount (20% dn)
$189,051
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Rockwood, MI?
The median home value in Rockwood is $236,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Rockwood?
Over the past year, home values in Rockwood have increased by 4.7%. Over five years, prices have risen approximately 27.6%.
How much do I need to earn to buy a home in Rockwood?
To comfortably afford the median home price of $236,314 with a 20% down payment ($47,263) at today's rates (6.8%), you'd need a gross annual income of approximately $62,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Rockwood compare to the national average home price?
The national median home value is approximately $410,000. At $236,314, homes in Rockwood are 42% below the national average.
What metro area is Rockwood part of?
Rockwood is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.