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Dynamic.RE · SFR Market Intelligence

Rochester, Minnesota Housing Market

Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.

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Data through June 2026
Dynamic.RE Verdict
Balanced Market
Between 0.90 and 1.10 buyers per home for sale, neither side sets the price. Rochester sits at 0.78, with 19% of sellers cutting.
Median list price
$473,680
-10.9%
Demand : Supply
0.78
Days on market
49 days
Time to go under contract

Only on the right house. Neither side has the upper hand in Rochester right now.

Neither side has the upper hand in Rochester. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.

01
The market at a glance
Median $ / sqft
$204
Active inventory
428
New listings / mo
232
Days on market
49 days
Price-cut share
19.3%
Pending sales
334
02
Where we are in the cycle
Median asking price
$473,680
17% below the Feb 2025 peak of $572K
Homes for sale
428
3.6× the Feb 2022 low of 119
Days to sell
49 days
1.9× slower than the 26-day Apr 2022 low
03
The renter economy
32%
Renter share · of occupied homes
6.1%
Vacant homes · all units
$95.8K
Median household income
4.9×
Price-to-income · list ÷ income
04
What this means for investors

How much can you negotiate in Rochester?

Only 78 out of every 100 homes for sale have found a buyer. The other 22 are still waiting. Your offer may be the only one on the table. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Rochester home takes 49 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 428 homes for sale in Rochester. That is 3.6 times the tightest month on record, but below the peak of 463. Supply is growing against last year.

What to do about it

  • Judge the listing, not the market.
  • Homes listed 60+ days ago with a price cut are where your discount is.
  • Fresh, well-priced homes will not move on price. Do not waste offers on them.

Is now a good time to buy in Rochester?

Asking prices are 17.2% below their Feb 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Rochester prices have risen in 100 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Rochester?

In Rochester, 32 out of every 100 households rent. Most own their home. The renter share is growing. Five years ago it was 30 in 100. Rochester added about 2,800 renter households in five years. Renter households average 1.9 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 9% in five years. The housing stock grew 10%. Supply is outrunning demand. 6.1% of homes sit empty. That is normal for a healthy market.

The median Rochester household earns $95,809 a year. Incomes here have grown 4.5% a year since 2019. Incomes and home prices are rising in step. A typical home costs 4.9 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,395 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Rochester deal with?

  • Price growth to assume — +4.0%/yr. Rochester grew 6.6% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Rochester grows about 4.0% a year. That is the number to type in. Prices fell 0.7% over the last year. That is a timing signal, not a trend.
  • Months of carrying cost — 2. A typical home takes 49 days to sell. Budget that long when you exit or refinance.
  • Odds you cut your price to sell — 1 in 5. About 19% of homes on the Rochester market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
  • Comp on this, not median price — $204/sqft. The typical Rochester listing shrank from 2,874 to 2,343 sqft since Jul 2016. So median price hides real growth: 88% per sqft versus 49% on the median. Comp on median price and you will overpay for small homes.
  • Competition when you exit — +32%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
  • Price-to-income ratio — 4.9×. A typical home costs 4.9 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. Incomes and home prices are rising in step.
  • Tenant rent ceiling — $2,395/mo. 30% of the median household income of $95,809. Rents above this line shrink your tenant pool fast.
05
Frequently asked questions

Is Rochester a buyer's or seller's market in 2026?

Only on the right house. Neither side has the upper hand in Rochester right now. 78 out of every 100 homes for sale have a buyer, 19% of sellers have cut their price, and a typical home takes 49 days to sell.

Are Rochester home prices going up or down?

Asking prices are 17.2% below their Feb 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Rochester?

Assume +4.0% a year. Rochester grew 6.6% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Rochester grows about 4.0% a year. That is the number to type in. Prices fell 0.7% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Rochester?

A typical Rochester home takes 49 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Rochester a renters' market or an owners' market?

In Rochester, 32 out of every 100 households rent. Most own their home. The renter share is growing. Five years ago it was 30 in 100. 6.1% of homes sit empty. That is normal for a healthy market.

What rent can Rochester tenants afford?

A tenant on the median income can pay about $2,395 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Rochester household earns $95,809 a year.

06
ZIP-level detail

Which ZIP codes are in Rochester?

Rochester has six ZIP codes. Each links to its live market dashboard.

  • 55901160 for sale · 16% cutting · 44 days97 out of 100 homes here have a buyer. Supply and demand are balanced.
  • 55902134 for sale · 22% cutting · 59 daysOnly 58 out of 100 homes here have a buyer.
  • 55903No homes listed for sale right now
  • 5590452 for sale · 22% cutting · 36 daysOnly 84 out of 100 homes here have a buyer.
  • 55905No homes listed for sale right now
  • 5590682 for sale · 20% cutting · 51 daysOnly 69 out of 100 homes here have a buyer.
07
Where else to look

Markets similar to Rochester

Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.

See what a Rochester property is actually worth
This report shows where the market stands. The Dynamic.RE app shows the deal — estimated rent, cash flow, and yield on any address.
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