Rochester, MN Real Estate
According to census data in the year 2000 there were 35,224 housing units in Rochester.
This represents a 21.6% growth from 28,961 in 1990.
Of those housing units, 34,994 were located in either urbanized areas or urban clusters, and 230 were located in what is classified as a rural area.
Homeownership rate in Rochester is about 70.9%.
Rochester's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Rochester were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 13.80% |
| Two Bedrooms | 28.20% |
| Three Bedrooms | 29.70% |
| Four Bedrooms | 21.90% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $114,400 |
| Median Price asked for vacant units | $146,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $678 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 9.30% |
| Simple Mortgage | 60.20% |
| Debt Free | 21.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
