Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,856, 1,372 total housing units (homes and apartments), and a median house value of $342,910, Rochester real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Rochester, accounting for 86.09% of the village's housing units. Other types of housing that are prevalent in Rochester include row houses and other attached homes ( 13.36%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rochester. Owner-occupied housing accounts for 94.02% of Rochester's homes, and 69.69% have either three or four bedrooms, which is average sized relative to America.
Rochester homes and real estate are some of the newest in America. 38.69% of Rochester's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Rochester real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.42%), and between 1940-1969 ( 22.35%). There's also some housing in Rochester built before 1939 ( 7.54%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Rochester, where house values have increased just 50.44%, which is annualized rate of 4.17%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Rochester appreciation rates have trailed the rest of the nation. In the last twelve months, Rochester's appreciation rate has been 5.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rochester were at 1.97%, which equates to an annual appreciation rate of 8.13%.
Relative to Illinois, our data show that Rochester's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$342,910
for Illinois
for nation
1,372
$2,073 / per month