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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 $259,858, lower than the Illinois average of $300,242.
The average cost of rent is $1,327/mo in Rochester, primarily driven by the current value of real estate in the Rochester area. In Rochester, 6.01% of households rent, and 37.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rochester is $10,092 per month. Households that rent pay about 13.15% of their income on rent here. Rochester’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New City, IL: higher priced homes
- Clear Lake, IL: less expensive homes
- Roby, IL: less expensive homes
- Southern View, IL: less expensive homes
- Dawson, IL: less expensive homes
- Springfield, IL: less expensive homes
- Riverton, IL: less expensive homes
- Jerome, IL: less expensive homes
- Mechanicsburg, IL: less expensive homes
- Bissell, IL: less expensive homes
Cities with Similar Populations
- Peru, NY: less expensive homes
- Pioneer, CA: higher priced homes
- Pinnacle, NC: less expensive homes
- Pink Hill, NC: less expensive homes
- Piney Point Village, TX: higher priced homes
- Piney, AR: less expensive homes
- Pine Ridge, SD: less expensive homes
- Pine Island, MN: higher priced homes
- Piketon, OH: less expensive homes
- Pierre Part, LA: less expensive homes
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