The story of this market
The typical home in Rochester, Minnesota sells for about $349,733, or $181 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,602 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rochester, Minnesota
The Rochester housing market is transitioning toward a more balanced state. While inventory has reached a five-year high and days-on-market have lengthened, property values remain resilient with modest year-over-year growth. Demand is underpinned by the city's stable anchor economy, though elevated interest rates are tempering the hyper-competitive conditions seen in recent years.
No ARED county foreclosure postings attributed to Rochester yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 1.1% year over year.
Homes spend a median of 22 days on market with 0.1 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 94.94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 8.5% — a stable, low-distress profile.
- Air Insanity Indoor Trampoline Park4.31.1 mi
- Escape Challenge - Escape Room4.85.6 mi
- UNRAVELED Escape Room - Best Escape Room4.84.4 mi
- Mayo Civic Center4.50.2 mi
- Forager Brewery4.51.2 mi
- Four Daughters Vineyard & Winery, Loon Juice Hard Cider, and The Traditionalist Bourbon Distillery4.621.4 mi
- Graham Arena Complex4.31.3 mi
- Two Sisters - Kitchen + Bar4.69.7 mi
- Oxbow Park & Zollman Zoo4.810.6 mi
- Marcus Rochester Cinema4.44.2 mi
- Quarry Hill Nature Center4.81.6 mi
- Cascade Lake Park4.61.9 mi
- Chester Woods Park4.77.4 mi
- Rochester Art Center4.40.1 mi
- Historic Mayowood4.83.7 mi
- SPARK, Children's Museum4.51.5 mi
- History Center of Olmsted County4.72.7 mi
- Rochester Civic Theatre4.70.3 mi
- Oxbow Park & Zollman Zoo4.810.6 mi
- Quarry Hill Nature Center4.81.6 mi
- Cascade Lake Park4.61.9 mi
- Chester Woods Park4.77.4 mi
- Carley State Park4.515.6 mi
- Rochester Golf & Country Club4.42.6 mi
- Willow Creek Golf Course4.34.9 mi
- Chip Shots4.52.8 mi
- Eastwood Golf Course4.42.7 mi
- Northern Hills Golf Course4.55 mi
- Apache Mall4.21.4 mi
- T.J. Maxx & HomeGoods4.31.6 mi
- Hy-Vee Grocery Store4.41.3 mi
- Fleet Farm4.34.8 mi
- Hy-Vee Grocery Store4.41.1 mi
- Rochester International Airport4.27.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A world-renowned medical center that serves as the primary economic anchor for the city and region.
A key waterway providing recreational opportunities and scenic value to the city's landscape.
Provides environmental education and outdoor space, contributing to the city's quality of life.
An academic anchor institution that supports the local workforce and student population.
A central hub for commerce and entertainment, currently undergoing significant mixed-use development.
The city is ideally suited for family buyers seeking stable schools and professionals connected to the medical and research sector. Investors find steady, albeit modest, cash flow in the mid-range price points.
The city is served by a well-regarded public school district characterized by high academic standards and diverse student programming. This serves as a primary driver for family-oriented housing demand.
The city is centered around the Highway 52 corridor. It maintains a suburban-commuter profile with an average commute time of approximately 20 minutes.
The city features an extensive amenity base including over 3,500 acres of parks and the Zumbro River trail system. These recreational facilities are central to the city's quality of life and property appeal.
The rental market remains stable but has seen inventory pressure. Rent trajectories show a 1.7% year-over-year increase, reflecting consistent demand from transient medical staff and students.
The economy is highly concentrated around healthcare and medical research. The 'Med City' brand provides consistent employment stability and attracts a professional, highly skilled workforce.
Development is heavily anchored by the Mayo Clinic and the ongoing Destination Medical Center (DMC) initiative. This continues to drive infrastructure and mixed-use momentum throughout the urban core.
Active expansion of the Destination Medical Center (DMC) and various downtown mixed-use residential projects are ongoing to meet demand for urban living.
Tax parcels are subject to Olmsted County levies and specific ISD 535 school district taxes. Select areas are also affected by municipal utility and infrastructure assessment districts.
Rochester generally maintains lower crime rates compared to regional and national averages. Community safety is frequently cited as a stable factor for residential desirability in the area.
The region faces standard Midwestern climate risks, including seasonal wind and storm events. Localized flood risks associated with the Zumbro River are managed through municipal infrastructure and standard insurance protocols.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov for Rochester city, Minnesota.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.