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Rochester city, MN

ZIP 55904 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55904

Median Home Value
$237,200
Median Rent
$1,073
Affordability Snapshot
$65,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,524/mo PITI).

17%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

18.4 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 55904 in Rochester city, MN, a household would need roughly $65,000 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 $1,524. That sits below the local median household income ($76,434), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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
65.8%+1% vs US avg
x
Vacancy Rate
5.9%-43% vs US avg
x
Broadband Access
88.3%+1% vs US avg
x
4+ Bedrooms
3.5%-77% vs US avg
x
Built Pre-1939
4.7%-63% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
20.0%-60% vs US avg
x
Mortgage-Free
36.7%-4% vs US avg
x
$237,200
Home Value
$1,073
Rent
1977
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 detached61.5%
  • 1-unit attached6.5%
  • 2-9 units12.7%
  • 10+ units16.0%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$237,200
Median rent$1,073
Owner-occupied65.8%
Vacant5.9%
Price-to-income3.1x
Est. income to buy$65,000