Do You Live in One of Rochester’s 10 Richest Neighborhoods for 2021?
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. 2020 U.S. Census reports put the Med City's population at nearly 121,400 citizens-- 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 2021, there are over 47,097 single-family homes and apartments in Rochester. Just under 67% of our fellow Rochesterites own their home, while just under 33% rent. And, the average median home price in Rochester in 2021 is $250,110-- thanks to the fact that home prices have appreciated by over 54% over the last 20 years, ranking in the top 40% nationwide.
So just WHERE are the most EXPENSIVE neighborhoods in Rochester for 2021? 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!)