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Rochester city, MN

ZIP 55902 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55902

Median Home Value
$430,100
Median Rent
$1,459
Affordability Snapshot
$118,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,763/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55902 in Rochester city, MN, a household would need roughly $118,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,763. That is roughly in line with the local median household income ($111,879). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.5%+11% vs US avg
x
Vacancy Rate
5.2%-49% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
13.9%-6% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
24.4%-51% vs US avg
x
Mortgage-Free
40.2%+5% vs US avg
x
$430,100
Home Value
$1,459
Rent
1994
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.6%
  • 1-unit attached7.7%
  • 2-9 units10.2%
  • 10+ units18.5%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$430,100
Median rent$1,459
Owner-occupied72.5%
Vacant5.2%
Price-to-income3.8x
Est. income to buy$118,000