The typical owner-occupied home in Rockland is worth about $59,600, 74% below the Michigan median of $231,600 and 82% below the national median of $332,700. Owners pay a median $808 a year in property taxes, about 1.36% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $44,375 a year, so the median home costs 1.3 times the median income (3.2 times for Michigan). 98% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Rockland at a glance
| Rockland | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $59,600 | $231,600 | $332,700 |
| Median property tax paid per year | $808 | $2,904 | $3,119 |
| Property tax as a share of value | 1.36% | 1.25% | 0.94% |
| Median household income | $44,375 | $72,875 | $80,734 |
| Homes lived in by their owners | 98% | 73% | 65% |
| Owner homes with a mortgage | 33% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,033 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 31.3% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 34.7% | 11.8% | 10.1% |
| Population | 246 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Rockland
At this week's average 30-year rate of 7.11%, buying the median Rockland home of $59,600 with 20% down costs about $413 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $512, 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 $17,706 for the 20%-down payment. That payment is 11% of the median Rockland household income of $44,375; at that income and 20% down, the 28% guideline points to a home of about $149,000.
| Down payment | $11,920 |
|---|---|
| Loan amount | $47,680 |
| Principal and interest | $321 |
| Property taxes (1.36% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $413 |
Change the numbers in the calculator
| Down payment | $2,086 |
|---|---|
| Loan amount | $58,520 |
| Principal and interest | $394 |
| Property taxes (1.36% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $512 |
Change the numbers in the calculator
Questions about home buying in Rockland
What is the median home value in Rockland?
About $59,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rockland?
Homeowners pay a median $808 a year, which is about 1.36% 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 Rockland?
For the median home with 20% down at 7.11%, the payment is about $413 a month. Keeping that under 28% of gross income takes about $17,706 a year.
More about Rockland
- Mortgage Refinance in Rockland
- Debt Relief in Rockland
- Home Equity Loans in Rockland
- 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