The typical owner-occupied home in River Rouge is worth about $65,100, 72% below the Michigan median of $231,600 and 80% below the national median of $332,700. Owners pay a median $1,580 a year in property taxes, about 2.43% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $41,053 a year, so the median home costs 1.6 times the median income (3.2 times for Michigan). 57% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
River Rouge at a glance
| River Rouge | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $65,100 | $231,600 | $332,700 |
| Median property tax paid per year | $1,580 | $2,904 | $3,119 |
| Property tax as a share of value | 2.43% | 1.25% | 0.94% |
| Median household income | $41,053 | $72,875 | $80,734 |
| Homes lived in by their owners | 57% | 73% | 65% |
| Owner homes with a mortgage | 30% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,133 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.3% | 21.0% |
| Median rent | $839 | $1,129 | $1,413 |
| Rent as a share of renters' income | 43.3% | 30.2% | 30.6% |
| Median year homes were built | 1940 | 1972 | 1980 |
| Vacant homes | 12.1% | 11.8% | 10.1% |
| Population | 7,008 | 10,077,761 | 334,922,499 |
What a typical home costs per month in River Rouge
At this week's average 30-year rate of 7.11%, buying the median River Rouge home of $65,100 with 20% down costs about $509 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $618, 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 $21,827 for the 20%-down payment. That payment is 15% of the median River Rouge household income of $41,053; at that income and 20% down, the 28% guideline points to a home of about $122,000.
The median rent here is $839 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,020 |
|---|---|
| Loan amount | $52,080 |
| Principal and interest | $350 |
| Property taxes (2.43% a year) | $132 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $509 |
Change the numbers in the calculator
| Down payment | $2,278 |
|---|---|
| Loan amount | $63,921 |
| Principal and interest | $430 |
| Property taxes (2.43% a year) | $132 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $618 |
Change the numbers in the calculator
Questions about home buying in River Rouge
What is the median home value in River Rouge?
About $65,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in River Rouge?
Homeowners pay a median $1,580 a year, which is about 2.43% 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 River Rouge?
For the median home with 20% down at 7.11%, the payment is about $509 a month. Keeping that under 28% of gross income takes about $21,827 a year.
More about River Rouge
- Mortgage Refinance in River Rouge
- Debt Relief in River Rouge
- Home Equity Loans in River Rouge
- 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