Rochester, MN housing market
Typical home value
$341K
▲ 3.5% 1 yr
Typical rent
$1,602/mo
▲ 1.6% 1 yr
Gross rent yield
5.6%
U.S. 6.3%
5-year home value change
+19%
U.S. +20%
Key takeaways
- 1The typical home in Rochester is worth $340,589, up 3.5% over the past year and up 19% over five years.
- 2Typical rent is $1,602 a month (+1.6% YoY), a gross rent yield of 5.6% (above the Rochester, MN metro's 5.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,872/mo, $270 more than typical rent.
- 4Zillow forecasts the Rochester, MN metro's home values to change +2.8% over the next 12 months.
Market temperature (Rochester, MN metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 25/100, #495 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Rochester compares
| Measure | Rochester | Rochester, MN metro | United States |
|---|---|---|---|
| Typical home value | $340,589 | $338,327 | $366,157 |
| Home value, 1-yr change | +3.5% | +3.8% | +1.2% |
| Typical rent | $1,602 | $1,590 | $1,932 |
| Rent, 1-yr change | +1.6% | +1.9% | +2.7% |
| Gross rent yield | 5.6% | 5.6% | 6.3% |
| Price-to-rent ratio | 17.7 | 17.7 | 15.8 |
| Mortgage P&I, typical home | $1,872 | $1,859 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Rochester rental, pre-filled.
Rent vs buy in Rochester
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $341K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.