Why Live in Downtown Rochester
Downtown Rochester is a bustling neighborhood closely tied to the Mayo Clinic, which employs many local residents. The area features a mix of business centers, hotels, and residential options, including condominium communities and early 20th-century single-family homes like American Four Squares, cottages, and bungalows. Key events include the Social-ICE festival in Peace Plaza and the Riverside Music Series in Mayo Park. Other things to do include visiting the Historic Chateau Theatre, Rochester Art Center, and the weekly Thursdays Downtown festival. Dining options are varied, with popular spots like Crave, Chester's, Benedict's, and ThaiPop. Shopping is convenient with the People's Food Co-op, International Spices & Grocery, and the Galleria at University Square, which includes stores like Talbots and Chico's. Mayo High School is highly rated, and the University of Minnesota's Rochester Campus specializes in healthcare. The interconnected skywalks and subways make it easy to navigate during harsh winters. Downtown Rochester is about an hour and a half drive from the Twin Cities, with additional access via Rochester's international airport. The neighborhood also features Mayo Park, which offers paved walking trails and public art, and Central Park, where residents can participate in "Fresh Air Fitness" classes and visit the Heritage House museum.
Frequently Asked Questions
Is Downtown Rochester a good place to live?
Downtown Rochester is a good place to live. Downtown Rochester is considered very walkable and very bikeable. Downtown Rochester has 3 parks for recreational activities. It has a median age of 47. The average household income is $51,324 which is below the national average. College graduates make up 50.2% of residents. A majority of residents in Downtown Rochester are renters, with 93.1% of residents renting and 6.9% of residents owning their home. A
local real estate agent serving Downtown Rochester can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Rochester neighborhood guide.
How much do you need to make to afford a house in Downtown Rochester?
The median home price in Downtown Rochester is $270,000. If you put a 20% down payment of $54,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,340 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $57K a year to afford the median home price in Downtown Rochester. The average household income in Downtown Rochester is $51K.
What are the best public schools in Downtown Rochester?
The best public schools that serve Downtown Rochester are:
What are the best private schools in Downtown Rochester?
The best private schools that serve Downtown Rochester are:
What are the most popular zip codes in Downtown Rochester, Rochester, MN?
What are the most popular neighborhoods near Downtown Rochester, Rochester, MN?
Home Trends in Downtown Rochester, MN
On average, homes in Downtown Rochester, Rochester sell after 20 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Rochester, Rochester over the last 12 months is $240,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$240,000
Median Single Family Sale Price
$270,000
Average Price Per Sq Ft
$217
Number of Homes for Sale
1
Last 12 months Home Sales
6
Median List Price
$270,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%