Home prices
The value of the median home in Rockwood is $142,300. This is roughly $10,100 (6%) lower in comparison to its surrounding areas.It is approximately $75,200 (34%) lower compared to the US as a whole, and compared to the city of Detroit is about $93,100 (189%) higher.
Rents
In Rockwood the median rent is $876 a month. It is approximately $22 (2%) lower in comparison to nearby areas.Compared to the US as a whole it is roughly $186 (17%) lower, and compared to the city of Detroit is about $52 (6%) higher.
Nearby places
South Rockwood
South Rockwood is Rockwood's neighbor to the southwest. The real estate prices there are similar. South Rockwood's median home cost is $142,500, which is very similar to Rockwood. Rent there is somewhat more expensive. The median monthly rent in South Rockwood is $1,102, which comes out to $226 (20%) higher than Rockwood.
Flat Rock
Flat Rock is Rockwood's neighbor to the northwest. Its housing prices are somewhat more expensive. The cost of the median home in Flat Rock is $150,800, which works out to $8,500 (5%) higher than Rockwood. Rent there is a little less expensive. Flat Rock's median rent is $829 a month, which comes out to $47 (5%) lower than Rockwood.
Gibraltar
Gibraltar is Rockwood's neighbor to the northeast. Its real estate prices are somewhat more expensive. The price of the median home in Gibraltar is $158,100, which is $15,800 (9%) higher than Rockwood. Its rents are a little more expensive. Gibraltar's median monthly rent is $942, which comes out to $66 (7%) higher than Rockwood.
Woodhaven
Woodhaven is about 4 miles north from Rockwood. Its real estate prices are a little more expensive. The median home in Woodhaven is valued at $159,800, which is $17,500 (10%) higher than Rockwood. The rent there is pretty similar. The median monthly rent in Woodhaven is $844, which comes out to $32 (3%) lower than Rockwood.
Trenton
Trenton is about 5 miles northeast of Rockwood. Housing prices there are somewhat more expensive. The cost of the median home in Trenton is $150,800, which works out to $8,500 (5%) higher than Rockwood. The rent there is a bit less expensive. The median rent in Trenton is $771 a month, which is $105 (13%) lower than Rockwood.
