Why Live in Folwell
Folwell, a neighborhood in Rochester, Minnesota, is closely tied to the Mayo Clinic, with its St. Mary's campus occupying much of the area. The neighborhood features homes from the early to mid-20th century, including Tudor-inspired cottages, bungalows, Colonials, and Cape Cods. Residents enjoy a mix of single-family homes and multi-story apartment complexes like The Berkman, which offers short-term units for hospital patients and their families. Folwell Elementary and Mayo High School are highly rated, providing quality education options for families. The neighborhood is safer than the national average, contributing to its appeal for long-term residents and visitors alike.
Folwell offers various things to do, such as dining at local favorites like Canadian Honker and Tinn's on 2nd Street. The Miracle Mile Shopping Mall, with Fresh Thyme Market and Don Panchos Bakery, caters to daily needs. Outdoor enthusiasts can explore St. Mary's Park, Kutzky Park, and Cascade Lake, which features a beach and playground. Soldier's Field Golf Course provides recreational opportunities, including a seasonal outdoor skating rink and swimming pool. The neighborhood is well-connected, with public buses and a shuttle service to Mayo Clinic campuses, and Rochester International Airport is just 9 miles away. Downtown Rochester, with its concert venues, art exhibits, and festivals, is just over a mile east, offering additional entertainment and cultural experiences.
Frequently Asked Questions
Is Folwell a good place to live?
Folwell is a good place to live. Folwell is considered somewhat walkable and very bikeable. Folwell is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Folwell has 3 parks for recreational activities. It has a median age of 42. The average household income is $205,607 which is above the national average. College graduates make up 81.2% of residents. A majority of residents in Folwell are home owners, with 16.2% of residents renting and 83.8% of residents owning their home. A
local real estate agent serving Folwell can help you decide if this neighborhood is the right one for you. Learn more on our
Folwell neighborhood guide.
Is Folwell, MN a safe neighborhood?
Folwell, MN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Folwell?
The median home price in Folwell is $226,000. If you put a 20% down payment of $45,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $50K a year to afford the median home price in Folwell. The average household income in Folwell is $206K.
What are the best public schools in Folwell?
The best public schools that serve Folwell are:
What are the best private schools in Folwell?
The best private schools that serve Folwell are:
What are the most popular zip codes in Folwell, Rochester, MN?
What are the most popular neighborhoods near Folwell, Rochester, MN?
Are home prices dropping in Folwell?
Yes, home prices in Folwell are down 61% in the last 12 months.
Home Trends in Folwell, MN
On average, homes in Folwell, Rochester sell after 135 days on the market compared to the national average of 70 days. The median sale price for homes in Folwell, Rochester over the last 12 months is $226,000, down 61% from the median home sale price over the previous 12 months.
Median Sale Price
$226,000
Median Single Family Sale Price
$226,000
Average Price Per Sq Ft
$85
Number of Homes for Sale
2
Last 12 months Home Sales
20
Median List Price
$226,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-61%