A typical Rochester home is worth roughly $176,000
Home prices around Rochester have risen about 59% over the past 5 years. No new homes were permitted in 2010.
What kind of housing town is Rochester?
Read from the numbers below. The page puts what stands out first.
Home prices up 59% in 5 years
The federal house price index for the ZIP code around Rochester rose 59% over the past 5 years, faster than across Indiana (53%). Last year prices rose 6.9%. Carrying the Census median home value forward with that index puts the typical Rochester home at roughly $176,000 today.
Carrying the Census median forward with the index puts a typical home at about $176K.
How Rochester ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Rochester, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.1 years of income
Less than across Indiana (3.6 years). Try your own numbers below.
That covers a typical Rochester home, with $53K to spare.
A two-bedroom rents for about $970 a month here, $50 less than owning.
How Rochester ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Rochester’s typical property tax (0.67% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $867, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Fulton County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2010
No permits for new homes were issued in Rochester in 2010. The last year with any was 2008 (8 new homes).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 8 | 8 | 0 | $997,000 |
| 2007 | 15 | 13 | 2 | $3.2 million |
| 2006 | 73 | 17 | 56 | $6.4 million |
| 2005 | 27 | 27 | 0 | $4.4 million |
| 2004 | 25 | 25 | 0 | $3.4 million |
| 2003 | 22 | 22 | 0 | $2.5 million |
| 2002 | 22 | 19 | 3 | $2.5 million |
| 2001 | 34 | 34 | 0 | $3.5 million |
| 2000 | 31 | 31 | 0 | $3.5 million |
Rochester's permit office didn't report to the Census in 2010, so the 2010 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
2 of Rochester’s houses are on the National Register
Half of Rochester’s homes were built before 1960.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
On the market in Rochester
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Rochester buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.