Welcome to our 55901 real estate data hub, tailored for investors in Rochester, MN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 55901 in Rochester, MN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in OLMSTED COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Rochester, MN real estate investing. Uncover the wealth of information available, and position yourself for success in the Rochester property market.
-
Location Overview
- Zip Code: 55901
- City: Rochester
- State: MN
- Metro Area: Rochester, MN
- County Name: OLMSTED COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $297,580
- Average Home Price (Single Family Homes): $304,302
- Average Monthly Rental Price (All Types): $1,449
- Price-to-Rent Ratio: 17
- Zillow Projected % appreciation from 4/2023-4/2024: 0.2%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,260
- Average 3 Bedroom Section 8 Rental Rates: $1,790
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.68
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.85
- Number of Units Offered in Section 8 in the County: 1252
- Number of Occupied Units in Section 8 in the County: 1193
- Percentage of Section 8 Units Occupied in the County: 95.30000305%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 201.02
- Total % Appreciation since 2000 (Government Data): 103.98
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.06%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.63%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 19.78%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.68%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.28%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 79.66%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 97.74%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.3%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.48%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 20.2%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 27.5%