Rochester, IA is a great place to buy a home due to its relatively low median value of $199,400 compared to the US median value of $338,100. This year, the US housing appreciation rate was 8.27%, while Rochester experienced an even higher rate of 11.21%, making now an ideal time for buyers to take advantage of the rising prices and get into the housing market in Rochester. With such a strong market, it's no wonder why so many are investing in real estate in this city.
The median home cost in Rochester is $199,400. Home appreciation the last 10 years has been 54.0%. Home Appreciation in Rochester is up 12.8%.
Average Age of Homes
- The median age of Rochester real estate is 56 years old
The Rental Market in Rochester
- Renters make up 0.0% of the Rochester population
- 0.0% 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.