$120,000
521 19th St NW Apt 15
Rochester, MN
2 bd1 ba903 sqft$133/ft²
Condo
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Compass Real Estate · Rochester, MN
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Rochester, MN(512) 555-0184TX License #0512847
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Rochester, MN Housing Market
Strong seller's market+2.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Rochester, MN is worth $342,187, rose 2.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $351,900, +6.6% year over year (through May 2026). With 1.7 months of supply and homes going under contract in about 16 days, Rochester is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $342,187 home is about $1,827/mo in principal and interest.
Key numbers for Rochester, MN
Typical home value
$342,187
+2.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,650/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$351,900
+6.6% year over year
Redfin, through May 2026
Days on market
16
Fast-moving
Redfin, through May 2026
Active listings
340
1.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$87,767
Home costs 3.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.3%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Rochester a buyer's or seller's market?
Strong seller's market1.7 months of supply16 days on market100.3% of asking
Rochester, MN is a strong seller's market, based on 1.7 months of supply and homes selling in about 16 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Rochester housing market data show?
Every row below is Redfin's final published month for Rochester, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $351,900 |
| Median list price | $359,900 |
| Year-over-year price change | +6.6% |
| Median price per sq ft | $188/sq ft |
| Median days on market | 16 days |
| Active inventory | 340 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 100.3% |
| Homes sold (that month) | 205 |
| New listings (that month) | 219 |
| Listings with a price cut | 43.8% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Rochester is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Rochester is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Rochester home prices moved?
Over the last three years the median sale price in Rochester, MN rose 13.5%, from $310,000 to $351,900. The live Zillow value series has rose 2.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 43.8% of Rochester listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.7 months while the sale-to-list ratio slips below its current 100.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Rochester?
Priced off the typical home value of $342,187 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $68,437 | $273,750 | $1,827/mo |
| 5% | $17,109 | $325,078 | $2,169/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,827, that implies roughly $78,291 a year before you add taxes and insurance. The median household in Rochester earns $87,767, about $9,476 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.9x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Rochester in the next 12 months?
Tell us your timeline. We send the Rochester market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Rochester?
Typical asking rent in Rochester, MN is $1,650/mo, against a typical home value of $342,187. That is a price-to-rent ratio of 17.3x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,827 a month — $177 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Rochester?
Active listings in Rochester, MN went from 316 in May 2025 to 340 in May 2026, a +7.6% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 329 | 191 |
| July 2025 | 311 | 164 |
| August 2025 | 294 | 145 |
| September 2025 | 306 | 159 |
| October 2025 | 318 | 155 |
| November 2025 | 274 | 89 |
| December 2025 | 227 | 73 |
| January 2026 | 225 | 97 |
| February 2026 | 229 | 123 |
| March 2026 | 294 | 261 |
| April 2026 | 345 | 282 |
| May 2026 | 340 | 219 |
Redfin, through May 2026
How does Rochester compare to Minnesota and the U.S.?
Rochester homes sell for $351,900 — 5% below the Minnesota median of $372,300. Against the national median of $410,700, Rochester runs 14% lower. Year-over-year, Rochester moved +6.6% against Minnesota's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Rochester, MN | $351,900 | +6.6% | 16 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Rochester
What buyers should watch
- Months of supply, currently 1.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 43.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $343 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $342,187 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Rochester listing goes under contract in 16 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Rochester added 219 new listings against 205 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Rochester varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Rochester
There are currently 340 homes listed for sale in Rochester, Minnesota. The median listing price is $360K. Featured listings range from $120,000 to $1,100,000.
$225,000
921 11th St SE
Rochester, MN
2 bd1 ba1,080 sqft$208/ft²
House6,186 sqft lot
View photos & details
$239,900
28 Elton Ridge Ct NW
Rochester, MN
2 bd2 ba1,705 sqft$141/ft²
Townhouse958 sqft lot
View photos & details
$296,000
1411 3 1/2 St SE
Rochester, MN
4 bd2 ba1,496 sqft$198/ft²
House5,532 sqft lot
View photos & details
$315,000
2041 Northgate Ct NW
Rochester, MN
4 bd2 ba2,200 sqft$143/ft²
House11,326 sqft lot
View photos & details
$350,000
3864 Chesapeake Ln NW
Rochester, MN
4 bd2 ba1,812 sqft$193/ft²
House8,146 sqft lot
View photos & details
$499,900
2645 Riverside Ln NE
Rochester, MN
4 bd2 ba2,563 sqft$195/ft²
House1.03 acres
View photos & details
$624,920
4957 Noble Ln NW
Rochester, MN
4 bd3 ba3,264 sqft$191/ft²
House
View photos & details
$634,900
3435 Stonehedge Dr NE
Rochester, MN
4 bd3 ba2,324 sqft$273/ft²
House9,670 sqft lot
View photos & details
$699,900
5130 Meadow Dr SE
Rochester, MN
4 bd4 ba4,092 sqft$171/ft²
House1.61 acres
View photos & details
$714,900
1115 19th Ave SW
Rochester, MN
4 bd4 ba3,537 sqft$202/ft²
House13,939 sqft lot
View photos & details
$1,100,000
1337 Woodland Dr SW
Rochester, MN
5 bd5 ba4,542 sqft$242/ft²
House15,246 sqft lot
View photos & details
Looking to buy in Rochester?
Get connected with a local real estate expert — free, no obligation.
Active listings
340
Homes on market
Median list price
$360K
Avg. days on market
16
Days until sale
New this week
219
Newly listed
Price drops:43.8%of listings
Sale-to-list:100.3%
How much do homes cost in Rochester by property type?
How the Rochester, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $385,000 | $188/sq ft | 169 | 14 days |
| Condo / co-op | $173,500 | $168/sq ft | 9 | 33 days |
| Townhouse | $315,000 | $190/sq ft | 26 | 24 days |
Who lives in Rochester?
American Community Survey estimates for Rochester. U.S. Census ACS, 2023
Population
121,638
Households
50,658
Median income
$87,767/yr
Median age
36.4 years
Owner-occupied
65.4%
Median home value
$287,500
Median gross rent
$1,316/mo
Mean commute
17.2 min
65.4% of occupied homes in Rochester are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $287,500 against Zillow's $342,187 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,316/mo, below Zillow's $1,650/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Rochester?
50 schools tracked · 18,037 students
The largest public schools serving Rochester, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mayo Senior High
Grades 8-12 · 1,820 students
CENTURY SENIOR HIGH
Grades 8-12 · 1,722 students
JOHN MARSHALL SENIOR HIGH
Grades 8-12 · 1,521 students
Dakota Middle School
Grades 6-8 · 1,003 students
WILLOW CREEK MIDDLE
Grades 6-8 · 834 students
JOHN ADAMS MIDDLE
Grades 6-8 · 801 students
KELLOGG MIDDLE
Grades 6-8 · 781 students
Gibbs Elementary
Grades PK-5 · 725 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Rochester, MN?
Ordered by distance from Rochester, not by size. Compare Rochester side by side with any of them.
Rochester housing market FAQ
Is Rochester a buyer's or seller's market?
Rochester, MN is currently a strong seller's market. That read comes from 1.7 months of supply, homes going under contract in about 16 days, and sellers getting 100.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Rochester?
The typical home in Rochester, MN is worth $342,187 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $351,900, about $188 per square foot.
Is Rochester cheaper than the rest of Minnesota?
Rochester's median sale price of $351,900 is 5% lower than the Minnesota statewide median of $372,300, and 14% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Rochester?
Homes in Rochester, MN spent a median of 16 days on market before going under contract, versus 25 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Rochester?
At the current 30-year fixed rate of 7.03%, 20% down on a $342,187 home is about $1,827 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $78,291 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $87,767.
Are home prices rising in Rochester?
The typical home value in Rochester, MN rose 2.1% over the last 12 months, from $335,307 to $342,187 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Rochester?
Rochester ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Rochester?
That depends on your timeline, not on a headline. What the data says today: Rochester, MN is a strong seller's market with 1.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 17.3x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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