Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  
Rochester Minnesota Real Estate By Jennifer Hershey

Rochester Minnesota Real Estate

Rochester, Minnesota, is located in Olmsted County, of , and 236 miles W of Milwaukee, Wisconsin. Rochester has a population of 85,806.

Rochester Homes

Rochester properties pool is 33,986 residential properties including Rochester new homes. Median age of real estate in Rochester is 1973. Average Household size is 3.06 people. 3% are one bedroom homes, 22% are 2 bedroom homes, 39% are 3 bedroom homes, 30% are 4 bedroom homes, and 6% are 5+ bedroom homes.

Rochester Mortgage Statistics

Rochester mortgages vs. USA median statistics

Homes Rochester USA
Homes With No Mortgage 22%
30%
Homes With Mortgage 78%
70%
First Mortgage Only 60%
54%
First & Second Mortgage or HELOC 18%
16%

Rochester Area Real Estate Tax

Rochester Real estate Tax: Median Real Estate Taxes (2000) were $1,117 comparing to 1999 Median Family income $ 60,754. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Rochester School District: Children make up 25.8% of Rochester population. Rochester has 22,112 under 18 years old residents, or 0.5 kids per one worker, or 0.65 kids per one household.

Rochester Real Estate & Rochester Homeownership

There are 10195.8 or 30% one person households, 11215.38 or 33% two person households, and 4758.04 or 14% three person households in Rochester, Minnesota. Median residents age is 34.3, Senior citizens (65+) make up 9,851 or 11.5%% of Rochester population.

There are 44,664 workers (over 16 years of age) in Rochester. Of these, 86.9% drive to work. Approximately 4.2% of workers in Rochester take public transportation. An estimated 4.7% walk to work.

Median Rochester homeowner's housing expences are 16.4%

Crime in Rochester (2003), crimes per 10,000 residents per year

Type of Crime Rochester USA, 2003
Violent Crimes
29.95
47.5
Robberies
5.48
14.2
Aggravated Assaults
17.6
29.5
Property Crimes
350.09
358.8
Burglaries
55.59
74.0
Larceny-Thefts
275.04
241.5
Motor Vehicle Thefts
19.46
43.3

Invest in Rochester Properties

When making a decision about buying real estate in Rochester Minnesota area, you should consider following statistical data:

Category Rochester USA
Near Medium City
-
Near Large City
Milwaukee, Wisconsin
-
Rochester Zip Codes
55901, 55902, 55904, 55906
-
Rochester Area Codes
507
-
White population
87.51%
75.1%
African-American population
3.57%
12.3%
Asian
5.63%
3.6%
American Indian & Alaskan
0.3%
0.9%
Hispanic (of any race)
2.99%
12.5%
Median Family Income (1999)
$ 60,754%
$42,000
Population Below Poverty Level
7.64%
12.4%

Rochester Minnesota Real Estate page will be updated soon. Bookmark this page and come back later to review:

Rochester Real Estate For Sale

Rochester Rental Real Estate

Rochester Real Estate Agency

Rochester Real Estate Investors

 




See Also:

Successful Real Estate Investing
One of the best roads to wealth in America has always been the acclimation and development of good, solid, income-producing real estate. Real estate ownership is one of the best ways to achieve financial independence for the average person. But in order to be a successful real estate investor, you ... more...

Investing In Real Estate Investors
With the never-ending changes in our Real Estate Markets real estate professionals are starting to pay attention to the sound of new commission streams of income. Some realtors have either shied away or ran-away from such terms as Cap Rate, & Cash-on-Cash Returns. Terms that only the smart and ... more...

Real Estate Investing The Job Escape
Real estate investing is pretty unusual in lots of ways. Real estate investing is creative. Real estate investing is risk-taking excitement. Real estate investing is diverse activity. Most of all, real estate investing is very profitable.I'll never forget the words of one of my professors who said, ... more...

Reinventing Real Estate, Part 1: Online and Empowered Consumers Are Taking Charge and Paying Less
For decades, the real estate world turned in a predictable manner. The roles of buyers, sellers and real estate professionals were fairly well defined and transactions followed a predictable path of yard signs, newspaper ads, open houses and miles of paperwork.Recently, online and empowered ... more...


More on real estate...

Search More Info On:

  • Real Estate
  • Minnesota
  • Wisconsin
  • Real Estate Tax
  • Mortgage
  • Mortgage Tax
  •  

    Shop For Your Mortgage Now!
    Shop For Your Mortgage Now!

    You'll be re-directed to Top-Lenders.com

    Want to Know Your Rate?
    Get Customized Mortgage Quote Instantly

     
    ExplainingMortgages © 2005 - 2009