Property Prices in Rochester, MN, United States

Index Info
Price to Income Ratio: 2.00
Mortgage as Percentage of Income: 17.91%
Loan Affordability Index: 5.58
Price to Rent Ratio - City Centre: 6.92
Price to Rent Ratio - Outside of Centre: 5.18
Gross Rental Yield (City Centre): 14.44%
Gross Rental Yield (Outside of Centre): 19.32%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,405.00 $ 1,000.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,631.85 $ 1,400.00-1,995.54
Apartment (3 bedrooms) in City Centre 2,125.00 $ 1,600.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 2,625.00 $ 1,250.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 182.99 $ 180.00-185.99
Price per Square Feet to Buy Apartment Outside of Centre 162.99 $ 140.00-185.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,660.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.52 6.19-6.70

These data are based on 46 entries in the past 18 months from 19 different contributors.
Last update: December 2024

Sources and References
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