Homes for Sale Under 800K in Rochester, MN

847 Homes for Sale

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Rochester, MN Housing Market Overview

Rochester is a balanced market, giving buyers and sellers room to negotiate. With 1.4 months of supply and homes averaging 54 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

54

Inventory

847

Aug 2021May 2024Jul 2026

Median Home Price

$384,995Up 4.63%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
847 Up 26.94%
Newly Listed Homes
178 Down 0.56%
Months of Supply
1.4 Up 25.19%

Housing Demand

Homes Sold
362 Up 1.40%
Sale-to-List Ratio
99.9% Up 0.01%
Homes Sold Above List
40.2% Down 4.37%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Rochester Market Report
No. of Homes
Prices
Days on Market
Homes for Sale Anoka
1,507
$382,500
-

Frequently Asked Questions

What is the average cost of buying a home in Rochester, Minnesota?

Rochester's median home price sits around $384,995. Where you land inside that range depends mostly on your distance from Mayo Clinic's downtown campus. Pill Hill carries the city's clearest premium, a National Register district of homes built between 1903 and 1937 for Mayo physicians. Older housing stock northeast and east of downtown gives you the lower entry points.

Which is the most affordable area to buy a home in Rochester?

Look northeast and east of downtown, where neighborhoods including East Side Pioneers and Folwell hold Rochester's older, smaller housing stock. The pricing pattern here tracks distance from the Mayo campus more than anything else, which is why the southwest quadrant runs expensive. Those eastern neighborhoods still put you within a short drive of downtown and the Highway 52 and Highway 14 corridors.

Check current list prices by neighborhood before you commit, because the gap narrows and widens with inventory.

How does the Mayo Clinic affect Rochester's housing market?

Mayo Clinic anchors it, employing roughly 57,000 people across Minnesota from its Rochester home campus. That single concentration holds housing demand steady even when the wider market cools. The Destination Medical Center initiative reinforces it, a 20-year, $5.6 billion public-private plan launched in 2015 and now at its midpoint. Mayo's separate $5 billion Bold. Forward. Unbound. rebuild will reshape six downtown blocks through 2030.

What's the job market like in Rochester (major employers, industries)?

Health care dominates, with Mayo Clinic ranking as Minnesota's largest employer at roughly 57,000 staff statewide. IBM runs one of its largest development centers just north of downtown, employing around 4,000 people. A biotech cluster is now growing out of Mayo's research pipeline, adding jobs outside the clinic itself. That mix gives you unusual stability, though it also means one institution shapes most of what happens locally.

Is Rochester at risk of severe storms or tornadoes?

Yes, Rochester is located right in Minnesota's tornado zone so that comes with a fair share of thunderstorms. May and June are Olmsted County's peak tornado months, with most striking between 3 and 9 p.m. Set up weather alerts and check whether a home has a basement or safe room before you buy.

How do harsh winters affect roofs, driveways, and foundations in Rochester?

Rochester averages 53.1 inches of snow a year, and it's the repeated freeze-thaw cycling, not the total, that does the damage. Ice dams back meltwater up under shingles, while water trapped in concrete expands as it freezes and widens every crack it finds. Inspect your roof and foundation annually, and clear ice dams before they push water into a wall cavity. Ask about attic insulation too, since poor insulation is what creates ice dams in the first place.

What is the crime rate in Rochester, MN?

Rochester recorded one homicide in 2025, down from five the year before, according to the police department's annual report. The same report logged 32 robberies and 125 aggravated assaults across a city of roughly 124,000 residents. RPD found no significant increase in any category it tracks, and property damage and vandalism fell about 20%. Rates still vary by block, so pull the department's public incident reports for the addresses you're considering.

Are appliances typically included in the sale price in Rochester?

Built-in appliances convey with the house in Minnesota, but freestanding ones do not. Your oven, dishwasher, and built-in microwave count as fixtures because they're attached to the property. A freestanding refrigerator, washer, or dryer is personal property, so it leaves with the seller unless your purchase agreement names it. Write the specific items into the contract rather than assuming, and confirm which utility accounts transfer at closing.

Which is the safest place to buy a home in Rochester?

No single Rochester neighborhood has a defensible claim to being the safest, and the city as a whole runs comparatively low on violent crime. The police department recorded one homicide in all of 2025 across roughly 124,000 residents. Rather than trusting a neighborhood ranking, pull RPD's public incident reports for the specific streets you're looking at. Safety here varies block by block far more than it varies between named neighborhoods.

  • mls-img
    Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Sep 22, 2026, 10:15 AM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
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Rochester, MN Housing Marketlink qauare
Homes Available icon

847

Homes Available

Median List Price icon

$ 384,995

Median List Price

Avg on Market icon

54 Days

Avg on Market

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