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1 / 30#30. Mabel, MN
- 1-year price change: +$8,090 (+3.8%)
- 5-year price change: +$42,826 (+24.3%)
- Typical home value: $219,193 (#34 most expensive city in metro)
Cities with the fastest-growing home prices in the Rochester, Minnesota metro area
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The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the most expensive homes in the Rochester, MN metro area using data from . Charts show the monthly typical home value since January 2018.
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2 / 30#29. Lake City, MN
- 1-year price change: +$8,917 (+2.8%)
- 5-year price change: +$63,634 (+24.6%)
- Typical home value: $322,021 (#20 most expensive city in metro)
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3 / 30#28. Fountain, MN
- 1-year price change: +$9,266 (+2.9%)
- 5-year price change: +$81,236 (+33.1%)
- Typical home value: $326,327 (#17 most expensive city in metro)
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4 / 30#27. Pine Island, MN
- 1-year price change: +$9,656 (+2.6%)
- 5-year price change: +$70,868 (+23.0%)
- Typical home value: $379,493 (#9 most expensive city in metro)
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5 / 30#26. Plainview, MN
- 1-year price change: +$10,007 (+3.6%)
- 5-year price change: +$62,638 (+28.2%)
- Typical home value: $284,375 (#26 most expensive city in metro)
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6 / 30#25. Preston, MN
- 1-year price change: +$10,706 (+4.1%)
- 5-year price change: +$49,191 (+22.0%)
- Typical home value: $272,379 (#28 most expensive city in metro)
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7 / 30#24. Stewartville, MN
- 1-year price change: +$10,905 (+3.3%)
- 5-year price change: +$50,421 (+17.6%)
- Typical home value: $337,255 (#15 most expensive city in metro)
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8 / 30#23. Chatfield, MN
- 1-year price change: +$12,112 (+3.5%)
- 5-year price change: +$73,293 (+25.3%)
- Typical home value: $362,530 (#13 most expensive city in metro)
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9 / 30#22. Canton, MN
- 1-year price change: +$12,238 (+5.0%)
- 5-year price change: +$63,095 (+32.4%)
- Typical home value: $257,958 (#30 most expensive city in metro)
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10 / 30#21. Rochester, MN
- 1-year price change: +$12,284 (+3.7%)
- 5-year price change: +$53,623 (+18.6%)
- Typical home value: $342,187 (#14 most expensive city in metro)
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11 / 30#20. Dodge Center, MN
- 1-year price change: +$14,166 (+5.0%)
- 5-year price change: +$59,556 (+25.3%)
- Typical home value: $295,084 (#23 most expensive city in metro)
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12 / 30#19. Kasson, MN
- 1-year price change: +$14,650 (+4.6%)
- 5-year price change: +$59,393 (+21.7%)
- Typical home value: $332,842 (#16 most expensive city in metro)
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13 / 30#18. Byron, MN
- 1-year price change: +$14,676 (+3.8%)
- 5-year price change: +$61,643 (+18.1%)
- Typical home value: $402,530 (#5 most expensive city in metro)
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14 / 30#17. West Concord, MN
- 1-year price change: +$15,811 (+6.0%)
- 5-year price change: +$65,473 (+30.7%)
- Typical home value: $278,529 (#27 most expensive city in metro)
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15 / 30#16. Wabasha, MN
- 1-year price change: +$16,042 (+5.8%)
- 5-year price change: +$67,478 (+30.2%)
- Typical home value: $290,972 (#24 most expensive city in metro)
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16 / 30#15. Eyota, MN
- 1-year price change: +$16,908 (+4.7%)
- 5-year price change: +$63,466 (+20.5%)
- Typical home value: $373,241 (#12 most expensive city in metro)
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17 / 30#14. Claremont, MN
- 1-year price change: +$17,476 (+6.1%)
- 5-year price change: +$80,050 (+35.6%)
- Typical home value: $305,036 (#21 most expensive city in metro)
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18 / 30#13. Ostrander, MN
- 1-year price change: +$18,688 (+6.9%)
- 5-year price change: +$74,309 (+34.5%)
- Typical home value: $289,898 (#25 most expensive city in metro)
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19 / 30#12. Dover, MN
- 1-year price change: +$19,646 (+5.5%)
- 5-year price change: +$60,002 (+18.7%)
- Typical home value: $380,045 (#8 most expensive city in metro)
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20 / 30#11. Elgin, MN
- 1-year price change: +$20,681 (+5.8%)
- 5-year price change: +$85,180 (+29.0%)
- Typical home value: $378,605 (#10 most expensive city in metro)
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21 / 30#10. Reads Landing, MN
- 1-year price change: +$21,586 (+7.7%)
- 5-year price change: +$81,413 (+36.8%)
- Typical home value: $302,625 (#22 most expensive city in metro)
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22 / 30#9. Wykoff, MN
- 1-year price change: +$23,478 (+7.8%)
- 5-year price change: +$73,612 (+29.4%)
- Typical home value: $324,248 (#19 most expensive city in metro)
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23 / 30#8. Hayfield, MN
- 1-year price change: +$23,712 (+7.8%)
- 5-year price change: +$69,193 (+26.9%)
- Typical home value: $325,962 (#18 most expensive city in metro)
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24 / 30#7. Oronoco, MN
- 1-year price change: +$25,144 (+4.6%)
- 5-year price change: +$111,876 (+24.5%)
- Typical home value: $568,219 (#1 most expensive city in metro)
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25 / 30#6. Rushford Village, MN
- 1-year price change: +$25,790 (+7.3%)
- 5-year price change: +$102,635 (+37.4%)
- Typical home value: $377,026 (#11 most expensive city in metro)
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26 / 30#5. Mazeppa, MN
- 1-year price change: +$29,824 (+8.3%)
- 5-year price change: +$103,430 (+36.3%)
- Typical home value: $388,653 (#6 most expensive city in metro)
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27 / 30#4. Mantorville, MN
- 1-year price change: +$33,718 (+7.7%)
- 5-year price change: +$116,275 (+32.5%)
- Typical home value: $474,331 (#2 most expensive city in metro)
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28 / 30#3. Kellogg, MN
- 1-year price change: +$39,789 (+11.6%)
- 5-year price change: +$98,411 (+34.5%)
- Typical home value: $383,639 (#7 most expensive city in metro)
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29 / 30#2. Zumbro Falls, MN
- 1-year price change: +$45,808 (+10.8%)
- 5-year price change: +$146,713 (+45.3%)
- Typical home value: $470,542 (#3 most expensive city in metro)
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30 / 30#1. Millville, MN
- 1-year price change: +$54,982 (+15.0%)
- 5-year price change: +$133,997 (+46.8%)
- Typical home value: $420,575 (#4 most expensive city in metro)
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