Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rochester area can be challenging. Home prices in Rochester are now at a median cost of $209,580, higher than the Iowa average of $182,666.
The average cost of rent is $859/mo in Rochester, primarily driven by the current value of real estate in the Rochester area. While nearly 33.98% of residents own their homes outright in Rochester, 16.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rochester is $6,998 per month. Households that rent pay about 12.28% of their income on rent here. Rochester's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Springdale, IA: less expensive homes
- Tipton, IA: equally priced homes
- Atalissa, IA: less expensive homes
- Moscow, IA: equally priced homes
- West Liberty, IA: less expensive homes
- Wilton, IA: less expensive homes
- West Branch, IA: equally priced homes
- Bennett, IA: equally priced homes
- Cedar Bluff, IA: higher priced homes
- Sunbury, IA: less expensive homes
Cities with Similar Populations
- Hudson, SD: less expensive homes
- Iron Junction, MN: less expensive homes
- Irisburg, VA: less expensive homes
- Ione, GA: less expensive homes
- Indian Springs, MD: equally priced homes
- Idlewood, IL: less expensive homes
- Idledale, CO: higher priced homes
- Idaho, OH: less expensive homes
- Ida, AR: less expensive homes
- Hunts Point, WA: higher priced homes
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