Welcome to our 55904 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 55904 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.
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Location Overview
- Zip Code: 55904
- City: Rochester
- State: MN
- Metro Area: Rochester, MN
- County Name: OLMSTED COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $259,546
- Average Home Price (Single Family Homes): $262,098
- Average Monthly Rental Price (All Types): $1,581
- Price-to-Rent Ratio: 14
- Zillow Projected % appreciation from 4/2023-4/2024: 0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,130
- Average 3 Bedroom Section 8 Rental Rates: $1,610
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.14
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.43
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 224.28
- Total % Appreciation since 2000 (Government Data): 107.99
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.79%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.9%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.34%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.22%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 102.77%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 101.67%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 117.51%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.36%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.11%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 18.83%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%