Rochester, MN home prices
Typical home $338,327 · +3.8% in a year · income needed $98,100
The Rochester, MN metro area ranks 245 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.8% in a year and +20.1% over five years. With 20% down at 7.11%, the typical home costs about $2,290 a month including 1.06% property tax (Olmsted County rate).
Mortgage on the typical Rochester home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $67,665 | $270,662 | $1,821 | $0 | $469 | $2,290 | $98,100 |
| 10% down | $33,833 | $304,495 | $2,048 | $127 | $469 | $2,644 | $113,300 |
| 5% down | $16,916 | $321,411 | $2,162 | $134 | $469 | $2,765 | $118,500 |
| 3.5% down (FHA) | $11,841 | $332,199 | $2,235 | $150 | $469 | $2,853 | $122,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Rochester area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Olmsted County, MN | $349,397 | +3.5% | 1.06% |
| Wabasha County, MN | $318,894 | +5.2% | 1.05% |
| Fillmore County, MN | $280,947 | +2.3% | 0.94% |
| Dodge County, MN | $334,610 | +5.6% | 1.11% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in Rochester?
The typical home in the Rochester, MN metro area is worth $338,327 (Zillow, September 2026).
What salary do you need to buy a house in Rochester?
About $98,100 a year for the typical home with 20% down at 7.11%.