Housing in Rochester, MN is slightly less expensive than the national median value, coming in at $291,900 compared to the US House Median Value of $338,100. Despite being more affordable, the appreciation rate for houses in Rochester is still lower than national average. In the last year, the US House Appreciation was 8.27%, while in Rochester it was 6.78%. Investing in housing can be a great financial decision and Rochester might be a wise choice if you are looking for slightly less expensive housing with good appreciation rates.
The median home cost in Rochester is $291,900. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Rochester is up 11.4%.
Average Age of Homes
- The median age of Rochester real estate is 35 years old
The Rental Market in Rochester
- Renters make up 28.7% of the Rochester population
- 2.1% of houses and apartments in Rochester, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.