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Cities with the most expensive homes in the Rochester, Minnesota metro area

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Konstantin L // Shutterstock
Konstantin L // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Rochester, Minnesota metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 34 cities and towns.

You may also like: The 30 most popular homes for sale in Rochester, Minnesota

#30. Canton, MN

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#30. Canton, MN

- Typical home value: $257,958
- 1-year price change: +5.0%
- 5-year price change: +32.4%

#29. Harmony, MN

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#29. Harmony, MN

- Typical home value: $265,064
- 1-year price change: +2.5%
- 5-year price change: +24.7%

#28. Preston, MN

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#28. Preston, MN

- Typical home value: $272,379
- 1-year price change: +4.1%
- 5-year price change: +22.0%

#27. West Concord, MN

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#27. West Concord, MN

- Typical home value: $278,529
- 1-year price change: +6.0%
- 5-year price change: +30.7%

#25. Ostrander, MN

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#25. Ostrander, MN

- Typical home value: $289,898
- 1-year price change: +6.9%
- 5-year price change: +34.5%

#24. Wabasha, MN

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#24. Wabasha, MN

- Typical home value: $290,972
- 1-year price change: +5.8%
- 5-year price change: +30.2%

#23. Dodge Center, MN

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#23. Dodge Center, MN

- Typical home value: $295,084
- 1-year price change: +5.0%
- 5-year price change: +25.3%

#22. Reads Landing, MN

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#22. Reads Landing, MN

- Typical home value: $302,625
- 1-year price change: +7.7%
- 5-year price change: +36.8%

#20. Lake City, MN

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#20. Lake City, MN

- Typical home value: $322,021
- 1-year price change: +2.8%
- 5-year price change: +24.6%

#19. Wykoff, MN

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#19. Wykoff, MN

- Typical home value: $324,248
- 1-year price change: +7.8%
- 5-year price change: +29.4%

#18. Hayfield, MN

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#18. Hayfield, MN

- Typical home value: $325,962
- 1-year price change: +7.8%
- 5-year price change: +26.9%

#17. Fountain, MN

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#17. Fountain, MN

- Typical home value: $326,327
- 1-year price change: +2.9%
- 5-year price change: +33.1%

#15. Stewartville, MN

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#15. Stewartville, MN

- Typical home value: $337,255
- 1-year price change: +3.3%
- 5-year price change: +17.6%

#14. Rochester, MN

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#14. Rochester, MN

- Typical home value: $342,187
- 1-year price change: +3.7%
- 5-year price change: +18.6%

#13. Chatfield, MN

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#13. Chatfield, MN

- Typical home value: $362,530
- 1-year price change: +3.5%
- 5-year price change: +25.3%

#12. Eyota, MN

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#12. Eyota, MN

- Typical home value: $373,241
- 1-year price change: +4.7%
- 5-year price change: +20.5%

#10. Elgin, MN

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#10. Elgin, MN

- Typical home value: $378,605
- 1-year price change: +5.8%
- 5-year price change: +29.0%

#9. Pine Island, MN

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#9. Pine Island, MN

- Typical home value: $379,493
- 1-year price change: +2.6%
- 5-year price change: +23.0%

#8. Dover, MN

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#8. Dover, MN

- Typical home value: $380,045
- 1-year price change: +5.5%
-ear price change: +18.7%

#7. Kellogg, MN

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#7. Kellogg, MN

- Typical home value: $383,639
- 1-year price change: +11.6%
- 5-year price change: +34.5%

#5. Byron, MN

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#5. Byron, MN

- Typical home value: $402,530
- 1-year price change: +3.8%
- 5-year price change: +18.1%

#4. Millville, MN

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#4. Millville, MN

- Typical home value: $420,575
- 1-year price change: +15.0%
- 5-year price change: +46.8%

#3. Zumbro Falls, MN

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#3. Zumbro Falls, MN

- Typical home value: $470,542
- 1-year price change: +10.8%
- 5-year price change: +45.3%

#2. Mantorville, MN

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#2. Mantorville, MN

- Typical home value: $474,331
- 1-year price change: +7.7%
- 5-year price change: +32.5%