Mortgage Rates in Rochester Hills, Michigan — March 2026
Updated March 2026 | Based on Rochester Hills market data and regional lending conditions
Rochester Hills is a growing city in Michigan with a population of 76,629. The current 30-year fixed mortgage rate in Rochester Hills is 6.72%, which is 0.07% above the national average. With a median home price of $220,000 and a 20% down payment of $44,000, homebuyers can expect a monthly principal and interest payment of approximately $1,138.
Current Mortgage Rates in Rochester Hills, MI
Below are the current average mortgage rates available in the Rochester Hills area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Rochester Hills Housing Market Overview
The Rochester Hills housing market offers relatively affordable housing compared to many major cities. The median household income in Rochester Hills is $60,800, and the cost of living index is 94.4 (national average = 100). Based on the 28% affordability rule, the median income in Rochester Hills is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Rochester Hills
Based on the median home price of $220,000 with 20% down ($44,000), here is what you can expect to pay monthly in Rochester Hills:
15-Year vs. 30-Year Mortgage in Rochester Hills
Choosing a 15-year mortgage in Rochester Hills at 5.96% instead of a 30-year at 6.72% would save you $143,100 in total interest over the life of the loan. However, your monthly payment would be $1,481 instead of $1,138 — an increase of $343 per month.
Calculate Your Rochester Hills Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Rochester Hills
What are the current mortgage rates in Rochester Hills, MI?
As of March 2026, the average 30-year fixed mortgage rate in Rochester Hills, Michigan is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Rochester Hills?
Based on the median home price of $220,000 with 20% down, the estimated monthly mortgage payment in Rochester Hills is $1,138 for principal and interest. Including property taxes of $268/month, the total monthly housing cost is approximately $1,406.
What income do I need to buy a home in Rochester Hills?
Using the 28% rule, you would need an annual income of approximately $60,257 to afford the median-priced home in Rochester Hills at $220,000. The median household income in Rochester Hills is $60,800. The median income is currently sufficient to meet this threshold.
Is Rochester Hills a good place to buy a home in 2026?
Rochester Hills offers a below-average cost of living with a cost of living index of 94.4 (national average = 100). The property tax rate in Michigan is 1.46%, which is near the national average. Rochester Hills has a population of 76,629 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Rochester Hills, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.