Rochester is home to the world-renowned Mayo Clinic, which anchors its healthcare economy and consistently drives above-average housing demand. Olmsted County's moderate property tax rate pairs with above-median home prices driven by medical professionals — producing one of Minnesota's most stable markets.
Recommended for incomes above $80k/yr (28% DTI rule)
Rochester housing market
The 1.07% property tax rate reflects the county-level effective rate for Rochester and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Minnesota average — county-level data produces more accurate monthly payment estimates for Rochester buyers. Many Rochester properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.
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