Real Estate in River rouge, MI
Updated 2026 • Housing market data from 3 zip codes • Redfin data through January 2026
📊 River rouge, MI Market Activity
The River rouge housing market shows a median sale price of $74,000, -6.0% lower than last year. The price per square foot is $71, below the national median of ~$215/sqft, up 3.0% year-over-year. Homes in River rouge spend a median of 49 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ River rouge Rental Market
The average rent in River rouge, MI is $1,224 per month. A 2-bedroom apartment rents for approximately $1,000/month, while a 3-bedroom home averages $1,383/month.
📦 River rouge Housing Supply & Demand
There are 64 new listings and 60 active properties on the market.
🏆 River rouge Market Competitiveness
Homes in River rouge sell for an average of 92.0% of their asking price. About 21% of properties sell above list price, indicating moderate buyer competition.
On average, homes sell for 92.0% of the asking price
21% of sales closed above asking, % at or below
📋 Housing Overview
River rouge, MI Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 84000, the balance between renting (50%) and owning (50%), and a population of 7040 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $84,000 and average rents of $1,224/month, the median household income of $26,343 provides context for affordability in River rouge. Whether you're looking to buy property in River rouge or invest in River rouge real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $1,000/month, while a 3-bedroom house averages $1,383/month.
Economy & What Drives River rouge Real Estate
Real estate values in River rouge, MI are driven by local employment, school quality, and quality of life. The cost of living index of 71.5 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $26,343, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across River rouge neighborhoods.
Pros & Cons
Pros
- •Various cultural events
- •Nearby Detroit for entertainment
- •Access to public transportation
- •Diverse food scene
- •Historic sites to explore
- •Family-friendly neighborhoods
- •Good community resources
- •Affordable housing options
- •Close-knit community vibe
- •Local parks for outdoor activities
Cons
- •High crime rates reported
- •Some areas have poverty issues
- •Social services may be lacking
- •Economic instability concerns
- •Limited nightlife options
- •Perceptions of racism exist
- •Struggling job market
- •Declining school performance
- •Transportation can be limited
- •Not very diverse demographics
Frequently Asked Questions
What is the cost of living in River rouge, MI? ▼
The cost of living in River rouge, MI is 28% lower than the national average, with a cost of living index of 72 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in River rouge, MI? ▼
In River rouge, MI, The median home price is $84,000. requiring approximately $60,857 annual income to afford. Average rent is $1,224/month (requiring ~$48,970/year income). The local median household income is $26,343, making homeownership attainable for typical residents. Explore River rouge real estate data →
Is River rouge, MI a safe place to live? ▼
River rouge, MI is relatively safe, with crime rates below the national average. The crime rate is 1.7 per 1,000 residents. Safety varies significantly by neighborhood. View detailed River rouge crime statistics →
What salary do you need to live comfortably in River rouge, MI? ▼
To live comfortably in River rouge, MI and afford a median-priced home of $84,000, you would typically need a household income of $21,000 to $26,250 per year. The local median household income is $26,343. Renting requires approximately $48,970/year (at $1,224/month). See full affordability analysis →
Is River rouge, MI growing? ▼
River rouge, MI has a population of 7,040. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See River rouge population demographics →
What are the best neighborhoods in River rouge, MI? ▼
The best neighborhoods in River rouge, MI depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $84,000 is below the national average. Explore River rouge on our interactive map →
What is the commute like in River rouge, MI? ▼
Commute times in River rouge, MI vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in River rouge, MI? ▼
Tax rates in River rouge, MI include state and local components. The cost of living index of 72 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed River rouge tax information →
How does River rouge, MI compare to nearby cities? ▼
River rouge, MI offers a more affordable alternative to nearby communities. With a cost of living index of 72, median home prices of $84,000, and a crime rate of 1.7 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in River rouge, MI? ▼
Weather in River rouge, MI varies by season. Climate data varies by season. View detailed River rouge climate & environment data →
Is it better to rent or buy in River rouge, MI? ▼
With a median home price of $84,000 and average rents of $1,224/month, the price-to-rent ratio in River rouge is 5.7x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in River rouge, MI? ▼
The median price per square foot in River rouge is $71, which is 67% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in River rouge, MI? ▼
Homes in River rouge spend a median of 49 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About River rouge, MI
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin