Rochester, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rochester Neighborhoods Since 2000




Rochester, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rochester Housing Market Information

With a population of 3,779, 1,441 total housing units (homes and apartments), and a median house value of $222,216, Rochester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rochester, accounting for 83.75% of the village's housing units. Other types of housing that are prevalent in Rochester include row houses and other attached homes ( 6.57%), large apartment complexes or high rise apartments ( 5.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rochester. Owner-occupied housing accounts for 86.47% of Rochester's homes, and 64.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rochester built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rochester built between 2000 and later ( 26.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.80%). There's also some housing in Rochester built before 1939 ( 5.21%).

Rochester Home Appreciation Rates

Appreciation rates for homes in Rochester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.74%, which ranks in the top 30% nationwide. This equates to an annual average Rochester house appreciation rate of 1.30%.

NeighborhoodScout's data show that during the latest twelve months, Rochester's appreciation rate, at 4.14%, has been at or slightly above the national average. In the latest quarter, Rochester's appreciation rate has been -0.16%, which annualizes to a rate of -0.66%.

Relative to Illinois, our data show that Rochester's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$222,216

Rochester, IL HOME PRICES

Value Range
> $1,091,000 0.0
$818,001 - $1,091,000 0.0
$546,001 - $818,000 2.7
$437,001 - $546,000 1.0
$327,001 - $437,000 8.2
$218,001 - $327,000 29.4
$109,001 - $218,000 51.3
$54,001 - $109,000 5.2
$0 - $54,000 2.3

High for IL
High for Nation

Value Relative to Nation Value Relative to State
27.2647369037853 20.126582278481

Number Of Homes And Apartments:
1,441

Rochester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
38.64% 1.91% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,007 / per month

Homeownership Rate

Homeownership
Owners 86.47
Renters 13.53
Vacant 2.44

Housing Market Details

 

Age of Homes

AGE OF Rochester HOMES
2000 or Newer 26.6
1970 - 1999 42.4
1940 - 1969 25.8
1939 or Older 5.2

Types of Homes

TYPE OF Rochester HOMES
Single-Family 83.8
Townhomes 6.6
Small Apt. Buildings 4.6
Apt. Complexes 5.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rochester HOMES
No Bedroom 3.25
1 Bedroom 4.47
2 Bedrooms 19.03
3 Bedrooms 44.14
4 Bedrooms 20.51
5 or more bedrooms 8.60