City of Rochester Ranked First in Michigan and 16th Nationally for Increasing Home Values

image001The City of Rochester was recently ranked first in Michigan and 16th in the nation by NerdWallet among the country’s cities with the fastest increasing home values. The designation was based on data from the real estate website Zillow.com, which identified the cities with the biggest increase in home values since 2009. Rochester ranked the highest of all three Michigan communities included in the national top 50 list.

According to the publication, Rochester’s home values have increased an average of 40.43% since 2009, and noted that in 2009, the median home value in the City of Rochester was $217,900; compared to the median home value of $304,000 at the end of 2014.

“For most residents, a home is their biggest investment and having the City of Rochester lead the state in increased values is great news for every homeowner in our City” said Mayor Jeffrey T. Cuthbertson who continued: “Ranking in the top 20 cities nationally, competing primarily with south‐Florida and Silicon Valley communities in this group, reflects the premier status of Rochester as a dynamic and growing city.”

“It’s always great to be recognized by national rankings and lists, but this one is especially important”, commented Rochester City Manager Jaymes Vettraino. “Increasing residential values really is a measure of how much people want to investto be a part of your community, the more people that want to be here, the quicker the values increase.”

NerdWallet is a San Francisco‐based company focused on helping people lead better lives through financial education and empowerment. For the complete Top 50 Cities with Fastest Increasing Home Values, visit here.

For more information, contact the City of Rochester at 248/651‐9061 or visit www.RochesterMi.org.

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Comments

  1. John in Michigan says

    Yeah, Rochester got hit hard when the Germans pulled out of Chrysler, and then Chrysler went bankrupt in 2009.

    It’s on the rebound now that the Italians are dumping money into Chrysler.

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