Rochester, MN housing market
Homes typically sell in 16 days, close to asking.
Home values, sales, trends and how Rochester compares with the towns next door — updated as new data is published.
Rochester at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 37% in 5 years
The federal house price index for the ZIP codes around Rochester rose 37% over the past 5 years, about the same as across Minnesota. Last year prices rose 1.9%. Carrying the Census median home value forward with that index puts the typical Rochester home at roughly $461,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +1.9% | +123% | +127% |
| 2024 | +4.1% | +118% | +120% |
| 2023 | +4.7% | +110% | +113% |
| 2022 | +11% | +100% | +104% |
| 2021 | +11% | +80% | +82% |
| 2020 | +3.2% | +62% | +66% |
| 2019 | +4.6% | +57% | +61% |
| 2018 | +5.2% | +50% | +55% |
| 2017 | +7.9% | +42% | +46% |
| 2016 | +6.5% | +32% | +38% |
| 2015 | +3.4% | +24% | +32% |
| 2014 | +3.4% | +20% | +28% |
| 2013 | +2.2% | +16% | +21% |
| 2012 | +0.3% | +14% | +16% |
| 2011 | −2.7% | +13% | +18% |
| 2010 | −4.4% | +16% | +25% |
| 2009 | −1.9% | +22% | +33% |
| 2008 | −0.4% | +24% | +42% |
| 2007 | +0.2% | +25% | +48% |
| 2006 | +1.1% | +24% | +49% |
| 2005 | +4.5% | +23% | +45% |
| 2004 | +3.8% | +18% | +34% |
| 2003 | +2% | +13% | +23% |
| 2002 | +3.8% | +11% | +18% |
| 2001 | +7% | +7% | +9.2% |
| 2000 | — | — | — |
How Rochester ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55901, 55902, 55904, 55906, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
448 new homes permitted in 2025
Builders were permitted 448 new homes in Rochester in 2025: 240 single-family houses and 208 in buildings with two or more homes, worth about $127.4 million to build. That's 3.7 per 1,000 residents, about the pace of Minnesota as a whole. Over the past 10 years, Rochester has permitted 9,128 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Rochester gained 14,626 residents while 7,880 new homes were permitted: about 1.9 new residents per new home. Building and growth moved roughly in step. Across Minnesota: 2.2 new residents per new home.
How Rochester ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1,350 | 215 | 1,135 | $299.7 million |
| 2025 | 448 | 240 | 208 | $127.4 million |
| 2024 | 1,118 | 193 | 925 | $251.5 million |
| 2023 | 792 | 241 | 551 | $176.7 million |
| 2022 | 1,081 | 234 | 847 | $195.3 million |
| 2021 | 625 | 251 | 374 | $137.5 million |
| 2020 | 425 | 296 | 129 | $97.4 million |
| 2019 | 774 | 296 | 478 | $133.9 million |
| 2018 | 1,415 | 347 | 1,068 | $281.9 million |
| 2017 | 1,054 | 437 | 617 | $204.4 million |
| 2016 | 1,396 | 403 | 993 | $232 million |
| 2015 | 1,466 | 359 | 1,107 | $221.2 million |
| 2014 | 486 | 352 | 134 | $96.1 million |
| 2013 | 367 | 323 | 44 | $83.2 million |
| 2012 | 361 | 299 | 62 | $75.1 million |
| 2011 | 219 | 195 | 24 | $44.4 million |
| 2010 | 342 | 200 | 142 | $63.1 million |
| 2009 | 415 | 265 | 150 | $63.6 million |
| 2008 | 449 | 287 | 162 | $84.4 million |
| 2007 | 556 | 420 | 136 | $99.8 million |
| 2006 | 755 | 507 | 248 | $129.7 million |
| 2005 | 973 | 702 | 271 | $165.3 million |
| 2004 | 1,069 | 1,040 | 29 | $193.5 million |
| 2003 | 1,157 | 921 | 236 | $176 million |
| 2002 | 1,215 | 962 | 253 | $189.8 million |
| 2001 | 1,178 | 787 | 391 | $133.3 million |
| 2000 | 1,250 | 590 | 660 | $121.7 million |
How Rochester ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Rochester and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rochester | — | +1.9%† | $1,490 | 448 | $89,389 |
| Cascade | — | +2.9%† | $1,420 | 2 | $150,000 |
| Rochester | $342K | +3.7% | $1,650 | 14 | $246,050 |
| Haverhill | — | +4.5%† | $1,240 | 2 | $161,250 |
| Marion | — | +3.7%† | $1,390 | — | $116,797 |
| High Forest | — | +2.8%† | $1,300 | 1 | $108,558 |
| Kalmar | — | +2.9%† | $1,250 | 4 | $160,764 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Rochester home costs about 3.5 years of the town's median household income, less than across Minnesota (3.9 years).
How Rochester ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,490
HUD's Fair Market Rent for a two-bedroom in Rochester is $1,490 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Rochester pay a median of $1,399. A two-bedroom takes about 20% of the town's median household income.
Studio $1,180 · 4 bedrooms $2,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55901, 55902, 55904, 55906; Rochester, MN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. 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. Listings link to their publishers.