Single-family Foreclosures in Rochester, MN 55904

Current Market Conditions in Rochester, MN

The real estate market in Rochester, MN, has been experiencing steady growth, with an increasing number of buyers entering the market. Home prices have seen a moderate uptick due to the strong demand fueled by the area's top employers and the influx of new residents each year. However, there remains a balanced inventory of homes for sale, allowing buyers to find various options ranging from older homes to new builds.

Recent trends indicate a healthy market, with many properties selling within days of being listed due to competitive offers. The average time on market for homes has decreased, signaling strong buyer interest and an active real estate landscape.

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 $1,701.00. 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 $1,610.00. 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.