Rockwood, MI

Rockwood is a small town located in the Upper Peninsula of Michigan. The population is just over 2,000 people and the median household income is just over $50,000. Rockwood has a strong agricultural economy and relies heavily on tourism for its economic base. Real estate in Rockwood is primarily focused on residential properties. There are a few commercial properties in the town, but they are not significant contributors to the economy.

The real estate market in Rockwood is very competitive. The average home price was just over $130,000 as of September 2017. The average list price was slightly higher at $135,000. This high level of competition has resulted in low inventory levels and high prices for homes that do come available. As of September 2017, there were only 36 homes available for sale in Rockwood and the median list price was $160,000. This means that buyers have to compete with each other to purchase homes in Rockwood.

One reason why real estate prices are so high in Rockwood is because there are limited options for buyers who want to purchase a home outside of the town limits. There are only six homes located outside of the town limits and they all have minimum sales prices above $200,000. Most buyers who want to purchase a home outside of the town limits must buy a property from an individual owner rather than through an agent or company that specializes in selling real estate outside of townships or villages..

Despite the high prices and limited inventory availability, many people still consider buying a home in Rockwood because it offers many benefits that other areas do not have access to.. For example, residents enjoy great schools system which ranks among some of best schools district within Michigan.. Additionally, there are plenty opportunities for outdoor activities such as fishing or hiking which can be enjoyed without having to leave the area.. Finally, living within walking distance from downtown makes it easy to get groceries or go shopping without having to use public transportation