Rochester Metro Area, MN Housing

The housing market in Rochester, MN Metro Area is fairly strong with a median value of $281,100. This is slightly lower than the US House Median Value of $338,100 but it has seen an appreciation rate of 8.35% over the last year, which is just above the national appreciation rate of 8.27%. This indicates that the housing market in this area is healthy and growing steadily. The relatively low median value also makes this area an attractive option for potential homebuyers looking for a good deal.

The median home cost in Rochester Metro Area is $281,100. Home appreciation the last 10 years has been 78.9%. Home Appreciation in Rochester Metro Area is up 11.4%.

Average Age of Homes

- The median age of Rochester Metro Area real estate is 37 years old

The Rental Market in Rochester Metro Area

- Renters make up 22.0% of the Rochester Metro Area population
- 1.4% of houses and apartments in Rochester Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rochester, Minnesota	United States
	96,236.0	139,647,020.0
	38	42
	$281,100	$338,100
	11.4%	16.6%
	46.2%	57.0%
	78.9%	101.1%
	$11.43	$10.98
	$2,651	$2,690
	69.6%	57.4%
	6.7%	11.2%
	23.7%	31.4%
Vacant Housing
	1.4%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.6%	0.4%
	1.9%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	1.4%	2.4%
	0.9%	2.8%
	1.8%	3.9%
	2.6%	4.5%
	11.1%	11.3%
	18.8%	13.0%
	26.8%	20.1%
	16.1%	13.6%
	8.6%	8.3%
	6.6%	9.7%
	1.6%	3.9%
	0.7%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	17.9%	13.6%
	17.9%	13.6%
	14.4%	13.6%
	10.8%	13.2%
	13.2%	14.8%
	14.4%	13.6%
	7.6%	10.0%
	3.4%	4.7%
	13.8%	12.2%

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