The story of this market
The typical home in ZIP 48173 sells for about $234,450, or $155 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,164 a month.
ZIP 48173 — Rockwood
The housing market in 48173 remains stable with steady demand for single-family homes, supported by a low inventory environment. Prices have seen modest year-over-year growth, reflecting the area's appeal as a suburban residential community. Market activity is currently balanced, with homes selling near list price.
This ZIP code is well-suited for families and long-term residents seeking a suburban lifestyle with access to riverfront amenities. It appeals to commuters who work in the broader Detroit metro area but prefer a quieter, small-town environment.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 4.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48173, Wayne County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Rockwood area are generally lower than the national average, with local law enforcement maintaining a stable presence. Regional comparisons suggest the area remains safer than more densely populated urban centers in Wayne County.
Schools serving the 48173 ZIP code are primarily part of the Gibraltar School District, which is generally regarded as providing a stable and supportive educational environment for local families.
The area is situated near the Huron River, necessitating awareness of flood-plain management and standard regional wind-storm insurance coverage. Wildfire risk is considered minimal due to the local climate and landscape.
Economic momentum is driven by proximity to the Detroit metropolitan industrial corridor and local service-sector growth. Infrastructure improvements along the I-75 corridor continue to support residential accessibility.
Property taxes are assessed at the county and local municipal levels, with rates determined by millage for schools, county services, and local government. Exemptions are available for primary residences under the Michigan Principal Residence Exemption program.
Residents primarily rely on personal vehicles for commuting, with I-75 serving as the main artery for travel toward Detroit and other employment hubs in the Downriver area.
The area features access to the Huron River for water-based recreation and several local parks, including Lake Erie Metropark nearby. Shopping and dining options are concentrated along the main thoroughfares in Rockwood and neighboring communities.
The rental market is characterized by moderate demand and limited inventory, with most rental stock consisting of single-family homes. Vacancy pressure remains low due to the area's appeal to long-term residents.
The local economy is supported by a mix of manufacturing, logistics, and service-sector employers within the Downriver region. Proximity to major automotive and industrial hubs in Southeast Michigan provides a stable employment base.
Transportation is primarily highway-dependent, with I-75 providing the main connection to the Detroit employment core. Public transit options are limited, necessitating vehicle ownership for most residents.
Development is focused on residential infill and small-scale commercial expansion along the primary corridors of Rockwood. No major large-scale master-planned communities are currently under construction.
Parcels are subject to standard Wayne County and local municipal tax levies, including school district millages and potential special assessments for local infrastructure.
Property insurance premiums are influenced by regional weather patterns and proximity to the Huron River, with standard coverage generally available.
Data retrieved from data.census.gov ZCTA-level tables.
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.512 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.419.9 mi
- Big Time Entertainment4.418.9 mi
- Sky Zone Canton418.1 mi
- Eloise Asylum4.415.7 mi
- Ford's Garage Dearborn4.616.3 mi
- Golden Corral Buffet & Grill3.820 mi
- High Velocity Sports4.318.7 mi
- Ciociaro Club4.518.8 mi
- Golden Corral Buffet & Grill3.88.9 mi
- MJR Southgate Cinema4.59.1 mi
- William C. Sterling State Park4.511.4 mi
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.512 mi
- Heritage Park4.710 mi
- Cinemark Southland Center and XD4.39 mi
- Henry Ford Museum of American Innovation4.816.1 mi
- Greenfield Village4.816.1 mi
- Michigan Central4.819.8 mi
- Eloise Asylum4.415.7 mi
- Islamic Center of America4.717.9 mi
- William C. Sterling State Park4.511.4 mi
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.512 mi
- Heritage Park4.710 mi
- Lake Erie Metropark4.62.5 mi
- Sterling State Park4.511.4 mi
- Safe Harbor Toledo Beach4.519 mi
- River Raisin Marina & Campground4.113 mi
- Colchester Harbour/Beach4.517.2 mi
- Ford Yacht Club4.74.2 mi
- North Cape Yacht Club4.718.7 mi
- Lakes of Taylor Golf Course4.39.8 mi
- Willow Metropark Golf Course47.7 mi
- Sandy Creek Golf Course4.410.9 mi
- Riverview Highlands Golf Course47 mi
- Lake Erie Metropark Golf Course4.32.7 mi
- Southland Center4.29 mi
- Blocks Stand and Greenhouse, LLC4.89.5 mi
- Meijer4.19 mi
- Meijer4.111.4 mi
- Meijer4.111.7 mi
- Detroit Metropolitan Wayne County Airport4.311.2 mi
- Windsor International Airport4.221 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park offering hiking, swimming, and golf along the Lake Erie shoreline.
Provides significant recreational opportunities including fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.