The typical owner-occupied home in Rose City is worth about $101,700, 56% below the Michigan median of $231,600 and 69% below the national median of $332,700. Owners pay a median $1,262 a year in property taxes, about 1.24% of their home's value, close to the Michigan rate of 1.25%. The median household earns $25,179 a year, so the median home costs 4.0 times the median income (3.2 times for Michigan). 53% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Rose City at a glance
| Rose City | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $101,700 | $231,600 | $332,700 |
| Median property tax paid per year | $1,262 | $2,904 | $3,119 |
| Property tax as a share of value | 1.24% | 1.25% | 0.94% |
| Median household income | $25,179 | $72,875 | $80,734 |
| Homes lived in by their owners | 53% | 73% | 65% |
| Owner homes with a mortgage | 54% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $879 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 15.5% | 19.3% | 21.0% |
| Median rent | $712 | $1,129 | $1,413 |
| Rent as a share of renters' income | 47.7% | 30.2% | 30.6% |
| Median year homes were built | 1969 | 1972 | 1980 |
| Vacant homes | 21.9% | 11.8% | 10.1% |
| Population | 575 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Rose City
At this week's average 30-year rate of 7.11%, buying the median Rose City home of $101,700 with 20% down costs about $695 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $864, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $29,776 for the 20%-down payment. That payment is 33% of the median Rose City household income of $25,179; at that income and 20% down, the 28% guideline points to a home of about $86,000.
The median rent here is $712 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,340 |
|---|---|
| Loan amount | $81,360 |
| Principal and interest | $547 |
| Property taxes (1.24% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $695 |
Change the numbers in the calculator
| Down payment | $3,560 |
|---|---|
| Loan amount | $99,858 |
| Principal and interest | $672 |
| Property taxes (1.24% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $864 |
Change the numbers in the calculator
Questions about home buying in Rose City
What is the median home value in Rose City?
About $101,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rose City?
Homeowners pay a median $1,262 a year, which is about 1.24% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Rose City?
For the median home with 20% down at 7.11%, the payment is about $695 a month. Keeping that under 28% of gross income takes about $29,776 a year.
More about Rose City
- Mortgage Refinance in Rose City
- Debt Relief in Rose City
- Home Equity Loans in Rose City
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data