Housing & Real Estate — Rochester, Minnesota
Overview
| Total Housing Units | 53,595 |
|---|
| Occupied | 50,658 |
|---|
| Vacant | 2,937 |
|---|
| Owner-Occupied | 33,142 |
|---|
| Renter-Occupied | 17,516 |
|---|
| Median Home Value (Census) | $310,500 |
|---|
| Estimated 2026 | ~$371,000 |
|---|
| Median Rent | $1,316/mo |
|---|
| Median Property Tax | $3,258/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
|---|
| Rent as % of Income | 17.7% |
|---|
| Severely Rent-Burdened | 36.4% |
|---|
Housing Age
| Built 2010 or later | 8,677 |
|---|
| Built 2000-2009 | 10,457 |
|---|
| Built 1990-1999 | 7,553 |
|---|
| Built before 1960 | 10,648 |
|---|
| Median Year Built | 1987 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
