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Foreclosures in Rochester, MN 55901

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Rochester, MN Foreclosures

How much do homes sell for in Rochester, MN?
The average home price is currently $422,006.
In Rochester, MN, how many homes are available?
There are currently 3 active home listings available in Rochester.
What’s the average rental cost in Rochester, MN?
The average rental price in Rochester is $1,702.
What is the most expensive home in Rochester?
The most expensive home sold in Rochester had a price of $57,840,500.
What is currently the cheapest priced home in Rochester, MN?
The cheapest home for sale in Rochester is priced at $10,978.

Living in Rochester, MN

Rochester, MN is a thriving city known for its excellent healthcare facilities, beautiful parks, and strong educational institutions. It's a community that balances urban and outdoor lifestyles, making it an ideal place for families and professionals alike. The cultural scene is enriched by diverse activities, making Rochester a great place to call home.

Buyer vs Seller Market in Rochester, MN

The real estate market in Rochester, MN is currently experiencing growth, with home prices steadily increasing due to the influx of residents drawn by the Mayo Clinic's expansion and job opportunities in the region. Homes in desirable neighborhoods are seeing quick sales, while various types of properties are available, catering to both buyers and renters.

Investors are showing interest in Rochester as rental rates have been on the rise, driven by the high demand for housing. New construction is also booming, providing modern options for new buyers looking to settle in the area.

Home Value Estimator For Rochester, MN

There are currently 47,245 real estate properties in Rochester, MN, with a median automated valuation model (AVM) price of $331,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rochester, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rochester, MN, is $422,006.00, with the most expensive house in Rochester, MN, topping out at $57,840,500.00 and the cheapest home in Rochester, MN, clocking in at $10,978.00. In other words, there’s something for every potential homebuyer or savvy investor in Rochester, MN!

Rent Prices In Rochester, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rochester, MN, is on a rollercoaster ride. The average rent price in Rochester, MN, is $1,702.00. Indeed, when looking to rent in Rochester, MN, you can expect to pay as little as $630.00 or as much as $4,600.00, with the average rent median estimated to be $1,620.00. The good news is that finding an affordable and desirable property to rent in Rochester, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Rochester, MN 55901 Foreclosures

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