Quick facts: Roseville, MI

Quick Facts

94.9
Cost of Living
below US average
46,812
Population
41.63
Crime Rate per 1000
above US average
$57,274
Median Income
below US average
$164,900
Median House Price
above US average
$1697.05
Average Rent
above US average
12%
Poverty Rate
above US average
6.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,274.

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Income Needed to Buy

βœ“ Affordable
$52k/year
Based on $164,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,274) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1697.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $57,274
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Roseville, MI

Roseville is a vibrant city located in Macomb County, Michigan, just north of Detroit. With a rich history dating back to the early 20th century, Roseville has evolved into a dynamic suburban community known for its diverse population and family-friendly atmosphere. The city boasts a variety of parks and recreational facilities, offering residents opportunities for outdoor activities. Notable parks include Roseville Park and Huron Park, which feature playgrounds, sports fields, and walking trails. Roseville is also home to several shopping centers, restaurants, and entertainment options, making it a convenient place for residents to live and work. Education is a priority in the area, supported by the Roseville Community Schools and several private institutions. The city enjoys a strong sense of community, reflected in its local events and festivals throughout the year. Located with easy access to major highways, Roseville serves as an ideal location for those commuting to Detroit and the surrounding areas. Its blend of suburban charm and urban accessibility makes Roseville an attractive place for families and individuals alike.

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