1

Lowertown Home for Sale

Section Image
  • /5

    $285,000

    • 4 Beds
    • 1.5 Baths
    • 1,134 Sq Ft

    16 10th St NE, Rochester, MN 55906

    I am thrilled to show this fantastic investment opportunity to you all. This house is located in a prime business location, close to Mayo Clinic, Silver Lake and in the heart of downtown. With shopping and grocery stores within walking distance, this property is a dream for investors looking to capitalize on the bustling market. Don't miss out on this great chance to add a valuable asset to your

    Raquel Gossman Coldwell Banker Realty

    16 10th St NE, Rochester, MN 55906

Why Live in Lowertown

Lowertown in Rochester is a predominantly residential neighborhood just north of Downtown Rochester, known for its historic homes and community events. The area features bungalows, cottages and American Foursquares, many of which are over 100 years old. Some properties are available for rent to Mayo Clinic patients and their families. Streets are lined with sidewalks, and driveways are often shared due to compact lot sizes. Broadway Avenue is the main commercial strip, offering a mix of dining options like Cheap Charlies and Taco Mi Pueblo, as well as consignment shops and multi-story apartment complexes. Local businesses cater to both year-round residents and transient visitors to the Mayo Clinic. For groceries, Silver Lake Foods is less than a mile away. Lowertown boasts several parks, including Goose Egg Park, which hosts the annual LoToFest, and Silver Lake Park, where residents enjoy kayaking, canoeing and paddle boating. The neighborhood also has a skate park, public swimming pool and pickleball courts. Cultural activities are abundant, with venues like the Rochester Repertory Theatre and Pop's Art Theater offering live performances and film screenings. Downtown Rochester, connected by skywalks and underground tunnels, provides additional amenities and is a short walk or bike ride away for Mayo Clinic employees. Students in Lowertown attend Churchill Elementary, which has a high rating, before progressing to other schools within the Rochester Public Schools system. Rochester's international airport is 10 miles away, and the Twin Cities are accessible within an hour and a half via U.S. Highway 52.

Frequently Asked Questions

Is Lowertown a good place to live?
Lowertown is a good place to live. Lowertown is considered fairly walkable and very bikeable. Lowertown is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Lowertown has 5 parks for recreational activities. It has a median age of 37. The average household income is $67,692 which is below the national average. College graduates make up 22.1% of residents. A majority of residents in Lowertown are renters, with 67.1% of residents renting and 32.9% of residents owning their home. A local real estate agent serving Lowertown can help you decide if this neighborhood is the right one for you. Learn more on our Lowertown neighborhood guide.
Is Lowertown, MN a safe neighborhood?
Lowertown, 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 Lowertown?
The median home price in Lowertown is $255,000. If you put a 20% down payment of $51,000 and had a 30-year fixed mortgage with an interest rate of 6.1%, your estimated principal and interest payment would be $1,240 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $53K a year to afford the median home price in Lowertown. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Lowertown is $68K.
What are the best public schools in Lowertown?
The best public schools that serve Lowertown are:
What are the best private schools in Lowertown?
The best private schools that serve Lowertown are:
What are the most popular zip codes in Lowertown, Rochester, MN?
The most popular zip codes in Lowertown, Rochester, MN include 55906, 55901, 55904, 55902 and 55920.
What are the most popular neighborhoods near Lowertown, Rochester, MN?
The most popular neighborhoods near Lowertown, Rochester, MN are Washington, Downtown Rochester, Eastside, Historic Southwest and Kutzky Park.

Home Trends in Lowertown, MN

Housing Trends

Median Sale Price
$250,000
Median Single Family Sale Price
$255,000
Average Price Per Sq Ft
$154
Number of Homes for Sale
1
Last 12 months Home Sales
17
Months of Supply
0.70
Median List Price
$255,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%
How to Buy a Home How to Finance a Home How to Sell a Home