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 $269,852, lower than the Minnesota average of $269,934.
The average cost of rent is $1,152/mo in Rochester, primarily driven by the current value of real estate in the Rochester area. While nearly 37.99% of residents own their homes outright in Rochester, 24.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rochester is $8,502 per month. Households that rent pay about 13.55% of their income on rent here. Rochester's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Golden Hill, MN: higher priced homes
- Douglas, MN: higher priced homes
- Oronoco, MN: higher priced homes
- Byron, MN: equally priced homes
- Marion, MN: higher priced homes
- Post Town, MN: higher priced homes
- Simpson, MN: higher priced homes
- Salem Corners, MN: higher priced homes
- Viola, MN: higher priced homes
- Potsdam, MN: higher priced homes
Cities with Similar Populations
- Lakeland, FL: less expensive homes
- Harlingen, TX: less expensive homes
- Hawthorne, CA: higher priced homes
- Hammond, IN: less expensive homes
- Haverhill, MA: higher priced homes
- Hollywood, FL: equally priced homes
- Hemet, CA: less expensive homes
- Hendersonville, TN: higher priced homes
- Highlands Ranch, CO: higher priced homes
- Hartford, CT: equally priced homes
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