Here Are The Richest Neighborhoods In Rochester In 2022
Is your address in one of these neighborhoods? If so, congratulations-- you live in some of the most expensive neighborhoods here in Rochester.
Rochester is, of course, home to the world-famous Mayo Clinic. But we're also Minnesota's third-largest city behind Minneapolis and St. Paul. And Rochester is also the largest city in Minnesota outside of the Twin Cities metro. The 2020 U.S. Census put the Med City's population at nearly 122,000 people-- a number that kind of surprised me.
And, I was also surprised to find out that Minnesota's Med City is home to 29 different neighborhoods-- who knew there were that many? Well, the crew over at Neighborhood Scout did, because they once again ranked all of Rochester's neighborhoods by property value.
According to Neighborhood Scout, in 2022, there are over 487,468 single-family homes and apartments in Rochester. Just over 65% of our fellow Rochesterites own their home, while just under 35% rent. And, the average median home price in Rochester in 2022 is $307,353-- thanks to the fact that home prices have appreciated by over 72 percent over the last 10 years, ranking in the top 50% nationwide. That's an average annual appreciation rate of 5.60%.
So just WHERE are the most EXPENSIVE neighborhoods in Rochester for 2022? Take a look below... (and keep scrolling to see jaw-dropping 5 Million Dollar Homes that are for sale here in Rah-Rah-Rochester as well!)