Rochester, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rochester Neighborhoods Since 2000




Rochester, WA 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 2,471, 829 total housing units (homes and apartments), and a median house value of $276,646, 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 72.13% of the town's housing units. Other types of housing that are prevalent in Rochester include mobile homes or trailers ( 15.69%), row houses and other attached homes ( 5.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.64%).

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 72.98% of Rochester's homes, and 77.52% 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 ( 36.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.93%).

Rochester Home Appreciation Rates

Real estate appreciation rates in Rochester's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

Appreciation rates are so strong in Rochester that despite a nationwide downturn in the housing market, Rochester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rochester appreciation rates continue to be some of the highest in America, at 8.35%, which is higher than appreciation rates in 88.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rochester. Rochester appreciation rates in the latest quarter were at 1.14%, which equates to an annual appreciation rate of 4.65%.

Relative to Washington, our data show that Rochester's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$276,646

Rochester, WA HOME PRICES

Value Range
> $1,215,000 0.0
$912,001 - $1,215,000 0.7
$608,001 - $912,000 4.4
$486,001 - $608,000 9.0
$364,001 - $486,000 14.2
$243,001 - $364,000 31.4
$121,001 - $243,000 25.7
$61,001 - $121,000 7.7
$0 - $61,000 7.0

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
18.7976092816126 45.7446808510638

Number Of Homes And Apartments:
829

Rochester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
71.22% 3.17% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,616 / per month

Homeownership Rate

Homeownership
Owners 72.98
Renters 27.02
Vacant 2.93

Housing Market Details

 

Age of Homes

AGE OF Rochester HOMES
2000 or Newer 36.3
1970 - 1999 49.8
1940 - 1969 13.9
1939 or Older 0.0

Types of Homes

TYPE OF Rochester HOMES
Single-Family 72.1
Townhomes 5.4
Small Apt. Buildings 1.6
Apt. Complexes 0.0
Mobile Homes 15.7
Other 5.2

Home Size

SIZE OF Rochester HOMES
No Bedroom 0.00
1 Bedroom 6.91
2 Bedrooms 13.93
3 Bedrooms 64.52
4 Bedrooms 13.00
5 or more bedrooms 1.64

Zip Codes in Rochester, WA