Rochester, Minnesota housing market and home prices
For Rochester, Minnesota home prices, the Zillow Home Value Index put the typical home at $340,589 in September 2026. That was +3.5% higher than a year earlier and the highest monthly value on record.
- Typical value for a home
- $340,589September 2026, Zillow ZHVI
- Change over 12 months
- Since September 2025, the change was +3.5%.
Rochester, Minnesota home prices since 2000
Rochester, Minnesota is shown by the steel line, while the United States is shown by the grey line. From January 2000, Rochester, Minnesota's typical home changed from $121,271 to $340,589, or ×2.81. The US figure was ×2.99 over those same months. The boom peak was $162,105 in March 2007. The June 2011 low was $142,745, or −11.9% from the peak.
Rochester, Minnesota median home price by year
Each year averages twelve monthly values; the 2026 figure uses the latest month.
| Year | Rochester, Minnesota | Change on the year | United States |
|---|---|---|---|
| 2000 | $126,628 | $125,745 | |
| 2001 | $138,898 | +9.7% | $134,899 |
| 2002 | $144,854 | +4.3% | $144,276 |
| 2003 | $147,651 | +1.9% | $155,308 |
| 2004 | $152,127 | +3.0% | $169,891 |
| 2005 | $156,839 | +3.1% | $189,732 |
| 2006 | $161,060 | +2.7% | $206,531 |
| 2007 | $161,938 | +0.5% | $208,449 |
| 2008 | $160,001 | −1.2% | $195,574 |
| 2009 | $155,772 | −2.6% | $177,542 |
| 2010 | $155,928 | +0.1% | $171,462 |
| 2011 | $143,935 | −7.7% | $162,508 |
| 2012 | $154,557 | +7.4% | $161,137 |
| 2013 | $165,265 | +6.9% | $171,420 |
| 2014 | $171,802 | +4.0% | $182,996 |
| 2015 | $179,020 | +4.2% | $192,738 |
| 2016 | $194,011 | +8.4% | $204,509 |
| 2017 | $211,758 | +9.1% | $216,767 |
| 2018 | $226,305 | +6.9% | $230,541 |
| 2019 | $236,421 | +4.5% | $242,088 |
| 2020 | $249,663 | +5.6% | $257,151 |
| 2021 | $279,418 | +11.9% | $295,959 |
| 2022 | $306,652 | +9.7% | $340,014 |
| 2023 | $311,225 | +1.5% | $348,160 |
| 2024 | $318,697 | +2.4% | $359,751 |
| 2025 | $327,704 | +2.8% | $362,959 |
| September 2026 | $340,589 | +3.5% | $366,157 |
Current value of Rochester, Minnesota homes bought in any year
An index-based estimate for a typical home, rather than an appraisal.
Each year's figure averages its twelve monthly index values; the current value is September 2026. More options: the home appreciation calculator.
Are you thinking of selling? Use Realtor.com to compare local agents. Links like this one may bring payment to the site, but no number is affected. Disclosure details.
Forecast for the Rochester, Minnesota housing market
In the Rochester, MN metro, Zillow's forecast shows +2.8% across the 12 months from September 2026, plus +1.2% in the next three months. With Rochester, Minnesota's typical value at $340,589, that forecast would put the figure near $350,100 a year on.
This page restates Zillow's central estimate for the metro, but the site does not publish its own forecast. A 12-month forecast like this has typically been off by several percentage points from the realised change, in either direction. This is not investment advice.
See all metro forecasts in a single table: housing market forecast.
Crash risk score for the Rochester, Minnesota housing market
40 of 100, high
Five conditions that ran high before earlier price falls help rank Rochester, Minnesota among the 292 cities. Each input receives a score from 0 to 100 when compared with the other cities. Equal weight is then given to all five scores when averaging them. It shows current conditions and does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +15.3% | 65 | 20% |
| Time on the market vs 2019 | +5.5% | 50 | 20% |
| Price-to-rent ratio | 17.7 | 49 | 20% |
| Price-to-income ratio | 3.8 | 22 | 20% |
| 12-month price change | +3.5% | 15 | 20% |
This is not investment advice. Scoring details for each input: methodology. Ranked for all 292 cities: crash risk by city.
Rochester, Minnesota inventory and days on market
In September 2026 the Rochester, MN metro showed 881 homes for sale, +54.2% more than a year before and +15.3% above the same month in 2019. Listings sold after a median of 58 days (+5.5% against 2019), while 23.8% had their asking price reduced.
| Rochester, MN metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 881 | +54.2% |
| New listings | 268 | |
| Median days on market | 58 | +3.6% |
| Median list price | $389,900 | −6.6% |
| Share with a price cut | 23.8% |
Metro inventory comes from Realtor.com® Economic Research: Realtor.com data. See days on market by city for every metro.
Living costs in Rochester, Minnesota
The Zillow Observed Rent Index places the typical asking rent in Rochester, Minnesota at $1,602 a month, up +1.7% over a year. A typical home costs the equivalent of 17.7 years of that rent. A typical home is worth 3.8 times a year's income, based on median household income of $90,020 (Census ACS 2024). BEA gives the metro a price index of 90.8 compared with a US average of 100, plus a housing cost index of 78.6.
Moving to Rochester, Minnesota: rents, prices, and the salary needed: cost of living in Rochester, Minnesota.
Other housing markets across Minnesota
- Minneapolis value: $328,351.
- St. Paul value: $291,209.
- Duluth value: $296,120.
Statewide figures: Minnesota housing market.
How to read the chart
Every plotted point comes from the Zillow Home Value Index for Rochester, Minnesota. It represents a typical home in the market's middle third, with smoothing and seasonal adjustments, using that month's dollars. An open circle indicates the slider's selected month, while a terracotta circle shows the most recent month. These figures do not account for inflation, and the index tracks a typical home rather than any particular property. Find the value of one home from its sale price using the card above or the home appreciation calculator.