Rochester, IN Real Estate
According to census data in the year 2000 there were 3,179 housing units in Rochester.
This represents a 8.6% growth from 2,928 in 1990.
Of those housing units, 3,137 were located in either urbanized areas or urban clusters, and 42 were located in what is classified as a rural area.
Homeownership rate in Rochester is about 66.6%.
Rochester's vacancy rate, including seasonal lodging, is about 13.9%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Rochester were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 13.10% |
| Two Bedrooms | 36.40% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $69,800 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $505 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 50.20% |
| Debt Free | 39.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
