Rent to own Homes in Rochester Hills, MI

Rochester Hills is situated in the Metropolitan Detroit Area, Michigan, in northeast Oakland County. The city consists of a mostly affluent and comfortable population of 70,995. The township was first established in 1835 and continues to develop to this day. The name "Rochester Hills" is partly derived from the town's geographical location, surrounded by lush, rolling hills.

Rochester Hills, MI is a great place for affordable rent-to-own homes! With a median household income of over $99,666 and a median rent of $1,311, the Rochester Hills, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Rochester Hills, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Rochester Hills, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1 of 14 525 Maloney Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oxford, MI 48371
3
3
2519 ft2
1977
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
502 ALBANY ST
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
3
1
1150 ft2
1928
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
11092 PACKARD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
850 ft2
1951
204 W BRENTWOOD ST
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
3
1
1056 ft2
1951
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
15484 NORTHLAWN ST
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
3
1
1243 ft2
1926
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
1442 RILEY CENTER RD
Rent To Own
 
Single Family Home
Riley, MI 48041
3
2
1853 ft2
1991
25404 HANOVER ST
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
2
3
1344 ft2
1940
134 N MILFORD RD
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
45669 HARMONY LN
Rent To Own
 
Single Family Home
Van Buren Township, MI 48111
4
2
0 ft2
1966
Hot
775 GRACE AVE
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
3
2
1646 ft2
1983
1 of 24 3541 CASCADE CIR
Rent To Own
 
Townhouse/Condo
Rochester Hills, MI 48307
3
4
2248 ft2
2003
Hot
1 of 19 192 RALEIGH AVE
Rent To Own
 
Townhouse/Condo
Auburn Hills, MI 48326
2
2
1685 ft2
2004
Hot
1 of 25 1254 KINGS COVE DR
Rent To Own
 
Townhouse/Condo
Rochester Hills, MI 48306
3
3
1408 ft2
1974
1 of 23 3480 PRIMROSE DR
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
4
3
2150 ft2
1989
Hot
1 of 31 500 ELIZABETH ST #201
Rent To Own
 
Townhouse/Condo
Rochester, MI 48307
1
1
611 ft2
1966
1 of 46 721 S LIVERNOIS RD
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
3
4
2300 ft2
2002
1 of 28 744 DRESSLER LN
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
3
3
1539 ft2
1979
1 of 10 450 Baldwin Avenue
Rent To Own
 
Multifamily (2 - 4 Units)
Rochester, MI 48307
2
1
840 ft2
1985
380 E SOUTH BLVD
Rent To Own
 
Single Family Home
Troy, MI 48085
3
3
1416 ft2
1987
1 of 43 769 ENGLEWOOD DR
Rent To Own
 
Single Family Home
Rochester Hills, MI 48309
5
2
2738 ft2
1985
Hot
1 of 16 3171 JOHN R RD
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
3
1
1200 ft2
1966
1 of 41 56456 ASHBROOKE DR E
Rent To Own
 
Single Family Home
Shelby Township, MI 48316
4
4
3746 ft2
2000
1 of 9 1019 ALAMEDA BLVD
Rent To Own
Rochester Road
Townhouse/Condo
Troy, MI 48085
2
2
1457 ft2
2003
Hot
1 of 22 4738 MIDDLEBURY DR
Rent To Own
 
Townhouse/Condo
Lake Orion, MI 48359
4
3
2600 ft2
2007
1 of 38 177 COACHLAMP RD
Rent To Own
Oakland
Single Family Home
Rochester, MI 48306
3
2
2010 ft2
1971
Hot
1 of 32 1188 CLOVERDALE DR
Rent To Own
 
Townhouse/Condo
Lake Orion, MI 48359
4
4
3333 ft2
2014
Hot
6315 LIVERNOIS RD
Rent To Own
 
Single Family Home
Troy, MI 48098
3
2
2028 ft2
1929
Hot
1 of 11 55047 MEADOW RIDGE CT
Rent To Own
 
Single Family Home
Shelby Township, MI 48316
4
3
3649 ft2
2001
Hot
1 of 12 1202 S TIMBERVIEW TRL
Rent To Own
 
Townhouse/Condo
Bloomfield Hills, MI 48304
2
3
1666 ft2
1976
1 of 44 52641 7 Oaks Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Shelby Township, MI 48316
4
4
3296 ft2
1991
1883 SPRING GROVE RD
Rent To Own
 
Single Family Home
Bloomfield Hills, MI 48304
5
3
2925 ft2
1969
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Buying a Home in Rochester Hills, MI

Rochester Hills, MI is seeing rapid growth and Rochester Hills, MI's' housing market remains not optimal with an average home price that is 40% above the 2024 national average. Rochester Hills, MI is part of Oakland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Oakland is 1.75% which is above the national average, which is 0.99%.

Median Home Price in Rochester Hills, MI

Median Rent in Rochester Hills, MI

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Rochester Hills MI

Housing Statistics Most recently, prices sat at a median of roughly $226,000 in Rochester Hills. Compared to the quarter before it, this shows an increase of $27,250, or roughly 13 percent. When taking last year into account, sales have increased by a total of 19 percent. In Rochester Hills, 72 percent of homes are occupied, 21 percent of homes are rented and 6 are vacant. The median sale price when looking at last year was $160,153. In the last five years, home sales have appreciated a total of 16.5 percent. Homes in the area are available to rent to own, which gives homebuyers a chance to really warm up to their new place of residence and neighborhood.

Largest Employers and Industries In terms of employers and industries, Rochester Hills boasts a large number of corporate headquarters in electronic, research, structural engineering, computer technology, plastic injection molding and tool and die. Some examples of major employers are as follows: Kramer Triad Management Group, Columbia Center LLC and The Kresge Foundation. When looking at the town's demographics, there is a high level of both business executives and professional athletes.

Tourist Attractions Tourist attractions in the city are plentiful. On Hamlin Road, those interested will enjoy the Festival of the Hills. Every June 27th, thousands of people gather for a fireworks display at Borden Park. This festival is known to be the town's major event every summer. Other attractions include Thelma G. Spencer Park and Beach, where people enjoy a large, 113 acre park on a 38 acre lake, on John R. Road. The Rochester Hills Museum is another exciting attraction, which is the home of the Taylor Van Hoosen family. This museum provides a plethora of valuable information concerning the town and its origins.

Weather and Climate In Rochester Hills, residents enjoy an average of 179 days of sun every year. In July, it will often reach up to 83 degrees. In January, it drops to 16. It is a relatively dry area, with an average of 30 inches of rain each year (37 is the average on the United States). Snowfall reaches an average of 32 inches a year, while the U.S. average is just 25. The area will have at least some precipitation 120 days of the year. Humidity has been measured at 50 out of 100 using the comfort index, while the U.S. average is 44 out of 100.

Local Shopping The most popular shopping area in Rochester Hills is the Village of Rochester Hills. This is a 375,000-square-foot shopping district in the center of the town. This district makes up its own "downtown" area, and it is the first in Michigan to experiment with the "streestscape" concept. Here, shoppers will find a myriad of local goods and services for a range of interests including home furnishing, beauty, clothing and dining. Also, have a look at A Bud To Go, a lovely neighborhood florist on 1603 E Auburn Rd and visit Annie's Music Store on 2646 S Rochester Rd for all your instrument needs.