Market Overview
Home Prices in South Rockwood, MI
The median home value in South Rockwood, MI is $321,798 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Rockwood are priced22% below average. South Rockwood is part of the Monroe, MI metro area.
Over the past five years, South Rockwood home values have risen by approximately36.1%, reflecting strong long-term appreciation in this market.
Price History
South Rockwood Home Price Trend
City Comparison
South Rockwood vs. National Median
At $321,798, homes in South Rockwood cost 22% below the national median of $410,000. This makes South Rockwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Rockwood?
20% Down Payment
$64,360
on $321,798
Monthly P&I
$1,678/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,131/mo
incl. taxes & insurance
Income Needed
$85,240
gross annual (30% rule)
10% Down Option
$32,180
+ PMI applies
Loan Amount (20% dn)
$257,438
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 South Rockwood, MI?
The median home value in South Rockwood is $321,798 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in South Rockwood?
Over the past year, home values in South Rockwood have increased by 9.4%. Over five years, prices have risen approximately 36.1%.
How much do I need to earn to buy a home in South Rockwood?
To comfortably afford the median home price of $321,798 with a 20% down payment ($64,360) at today's rates (6.8%), you'd need a gross annual income of approximately $85,240. This assumes keeping total housing costs at or below 30% of gross income.
How does South Rockwood compare to the national average home price?
The national median home value is approximately $410,000. At $321,798, homes in South Rockwood are 22% below the national average.
What metro area is South Rockwood part of?
South Rockwood is part of the Monroe, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.