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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



River Rouge, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

River Rouge, MI Housing Market Trends

With 7,040 people, 2,900 houses or apartments, and a median cost of homes of $50,746, house prices in River Rouge are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in River Rouge, accounting for 62.03% of the city's housing units. Other types of housing that are prevalent in River Rouge include duplexes, homes converted to apartments or other small apartment buildings ( 22.54%), large apartment complexes or high rise apartments ( 12.42%), and a few row houses and other attached homes ( 2.36%).

The most prevalent building size and type in River Rouge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.46% owning and 49.54% renting.

The housing in River Rouge was primarily built before 1939 ( 45.50%), making the housing stock in River Rouge some of the oldest overall in America, although there is a range of ages of homes in River Rouge. The next most important housing age is between 1940-1969 ( 42.14%), followed by between 1970-1999 ( 9.28%). There's also some housing in River Rouge built between 2000 and later ( 3.08%).

Vacant housing appears to be an issue in River Rouge. Fully 16.64% of the housing stock is classified as vacant. Left unchecked, vacant River Rouge homes and apartments can be a drag on the real estate market, holding River Rouge real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

River Rouge Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in River Rouge, where house values have increased just 55.04%, which is annualized rate of 4.48%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, River Rouge appreciation rates have trailed the rest of the nation. In the last twelve months, River Rouge's appreciation rate has been -1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in River Rouge were at 1.69%, which equates to an annual appreciation rate of 6.95%.

Relative to Michigan, our data show that River Rouge's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$50,746

River Rouge, MI Home Prices
> $1,103,000
$828,001 - $1,103,000
$552,001 - $828,000
$441,001 - $552,000
$331,001 - $441,000
$220,001 - $331,000
$110,001 - $220,000
$55,001 - $110,000
$0 - $55,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.1%
2.1%
7.3%
7.3%
37.1%
37.1%
53.5%
53.5%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

2,900

River Rouge Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,132 / per month

Homeownership Rate

Owners
Renters
50.5%
50.5%
49.5%
49.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.6%
16.6%
83.4%
83.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.1%
3.1%
9.3%
9.3%
42.1%
42.1%
45.5%
45.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.0%
62.0%
2.4%
2.4%
22.5%
22.5%
12.4%
12.4%
0.7%
0.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.4%
3.4%
17.5%
17.5%
23.6%
23.6%
39.7%
39.7%
9.9%
9.9%
5.9%
5.9%
0% 100.0%
% of Homes