Median price for residential apartments in Rochester, IN as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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24 Rochester, IN 46975, USA apartments for sale
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Rochester
According to statistics, the population in Rochester, IN amounts to 6,059, which shows decline -1% compared to the previous year. The median age of the city’s residents is 44. The average household income is $40,451, shifting growth 4% from the past year, and the average property value in Rochester, IN decline -3% to $84,900 throughout the year.
| Population | 6,059 |
| Median Age | 44 |
| Poverty Rate | 15% |
| Household Income | $40,451 |
| Number Of Employees | 2,820 |
| Median Property Value | $84,900 |
Household Income
The average household income in Rochester, IN grew from $39,076 to $40,451 in the past year. This data is an estimate based upon 2,651 households in Rochester, IN . The chart below presents how household income is distributed in Rochester, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Rochester, IN shifted from $87,200 to $84,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Rochester, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Rochester, IN properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Rochester, IN compared to median property taxes around the country. The prevalent amount of property taxes in Rochester, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Rochester, IN 46975, USA
Average apartment sale in Rochester: $204,474 (-8.9%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $88,950 | +7.6% |
| 2-bed apartments | $54,000 | -54% |
| 3-bed apartments | $68,388 | +1.4% |
| 4+ bed apartments | $580,000 | -8.9% |
During Dec 2022, the average price for an apartment in/near Rochester, IN decreased by 8.9% to $204,474.
Knowing the current property prices is key if you plan to buy a studio in Rochester, IN. The average price for a studio has increased since the last month, currently being $88,950. After collecting all data points, we now see that the average price for 1-bed apartment stands at $99,900 with no changes this month. Asking price for 2-bed apartment also decreased by 54% and a place of this size will now cost you $54,000. A 3-bed apartment goes for $68,388, it increased by 1.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 8.9% and made it down to $580,000.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $244,310 | -9% |
| Land for sale | $88,950 | +7.6% |
Price reports demonstrate that house price decreased by 9% this month making it up to $244,310. The average price of the land for sale in Rochester, IN has increased by 7.6%, and now equals $88,950.
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