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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 $266,000, higher than the Missouri average of $246,641.
The average cost of rent is $916/mo in Rochester, primarily driven by the current value of real estate in the Rochester area. In Rochester, 4.17% of households rent, and 52.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rochester is $7,014 per month. Households that rent pay about 13.06% of their income on rent here. Rochester’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Helena, MO: equally priced homes
- Cosby, MO: equally priced homes
- Union Star, MO: less expensive homes
- Savannah, MO: less expensive homes
- Wyeth, MO: less expensive homes
- Oak, MO: less expensive homes
- Hurlingen, MO: higher priced homes
- Country Club, MO: less expensive homes
- San Antonio, MO: higher priced homes
- Clarksdale, MO: less expensive homes
Cities with Similar Populations
- Montrose, NC: less expensive homes
- Meckling, SD: less expensive homes
- Medill, MO: less expensive homes
- Megargel, TX: less expensive homes
- Merced Falls, CA: higher priced homes
- Merrill, MS: less expensive homes
- Metaline, WA: equally priced homes
- Midland, SD: less expensive homes
- Midway, NM: less expensive homes
- Midway, VA: less expensive homes
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