Cities with the fastest growing home prices in Rochester, Minnesota metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Rochester, Minnesota metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Rochester, MN metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 35 cities and towns in Rochester, Minnesota.

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Stacker

#30. Lanesboro, Lanesboro

- 1-year price change: +$19,740 (+10.9%)
- 5-year price change: +$61,797 (+44.2%)
- Typical home value: $201,480 (#33 most expensive city in metro)
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#29. Canton, Canton

- 1-year price change: +$20,265 (+11.1%)
- 5-year price change: +$65,383 (+47.3%)
- Typical home value: $203,508 (#32 most expensive city in metro)
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Stacker

#28. Plainview, Plainview

- 1-year price change: +$20,497 (+9.0%)
- 5-year price change: +$74,821 (+43.4%)
- Typical home value: $247,317 (#24 most expensive city in metro)
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#27. Spring Valley, Spring Valley

- 1-year price change: +$20,981 (+10.6%)
- 5-year price change: +$70,170 (+47.3%)
- Typical home value: $218,605 (#29 most expensive city in metro)
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Stacker

#26. Preston, Preston

- 1-year price change: +$21,699 (+10.5%)
- 5-year price change: +$72,764 (+46.5%)
- Typical home value: $229,342 (#28 most expensive city in metro)

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Stacker

#25. Wabasha, Wabasha

- 1-year price change: +$22,171 (+9.0%)
- 5-year price change: +$73,120 (+37.2%)
- Typical home value: $269,488 (#21 most expensive city in metro)
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#24. Wykoff, Wykoff

- 1-year price change: +$23,925 (+9.2%)
- 5-year price change: +$93,288 (+48.9%)
- Typical home value: $284,072 (#19 most expensive city in metro)
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Stacker

#23. Dover, Dover

- 1-year price change: +$24,438 (+7.9%)
- 5-year price change: +$100,113 (+43.0%)
- Typical home value: $332,954 (#8 most expensive city in metro)
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Stacker

#22. Hayfield, Hayfield

- 1-year price change: +$24,862 (+9.7%)
- 5-year price change: +$88,460 (+46.1%)
- Typical home value: $280,478 (#20 most expensive city in metro)
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#21. Claremont, Claremont

- 1-year price change: +$24,880 (+11.9%)
- 5-year price change: +$81,097 (+53.3%)
- Typical home value: $233,162 (#27 most expensive city in metro)

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#20. Dodge Center, Dodge Center

- 1-year price change: +$24,940 (+10.2%)
- 5-year price change: +$85,693 (+46.9%)
- Typical home value: $268,410 (#22 most expensive city in metro)
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#19. Reads Landing, Reads Landing

- 1-year price change: +$25,119 (+10.6%)
- 5-year price change: +$74,159 (+39.5%)
- Typical home value: $261,869 (#23 most expensive city in metro)
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#18. West Concord, West Concord

- 1-year price change: +$25,263 (+11.5%)
- 5-year price change: +$85,442 (+53.5%)
- Typical home value: $245,185 (#25 most expensive city in metro)
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#17. Rushford Village, Rushford Village

- 1-year price change: +$25,432 (+8.6%)
- 5-year price change: +$93,616 (+41.3%)
- Typical home value: $320,389 (#13 most expensive city in metro)
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#16. Lake City, Lake City

- 1-year price change: +$25,514 (+9.5%)
- 5-year price change: +$85,034 (+40.7%)
- Typical home value: $293,948 (#17 most expensive city in metro)

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#15. Eyota, Eyota

- 1-year price change: +$25,601 (+8.3%)
- 5-year price change: +$97,250 (+41.4%)
- Typical home value: $332,332 (#9 most expensive city in metro)
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#14. Kasson, Kasson

- 1-year price change: +$25,712 (+9.1%)
- 5-year price change: +$97,924 (+46.4%)
- Typical home value: $309,173 (#16 most expensive city in metro)
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#13. Chatfield, Chatfield

- 1-year price change: +$25,816 (+8.6%)
- 5-year price change: +$103,109 (+46.3%)
- Typical home value: $325,670 (#12 most expensive city in metro)
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#12. Fountain, Fountain

- 1-year price change: +$26,026 (+10.1%)
- 5-year price change: +$85,659 (+43.0%)
- Typical home value: $284,754 (#18 most expensive city in metro)
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#11. Rochester, Rochester

- 1-year price change: +$26,267 (+9.1%)
- 5-year price change: +$96,781 (+44.1%)
- Typical home value: $316,408 (#14 most expensive city in metro)

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#10. Elgin, Elgin

- 1-year price change: +$27,411 (+9.1%)
- 5-year price change: +$92,765 (+39.5%)
- Typical home value: $327,712 (#11 most expensive city in metro)
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#9. Stewartville, Stewartville

- 1-year price change: +$29,125 (+10.4%)
- 5-year price change: +$95,754 (+44.6%)
- Typical home value: $310,377 (#15 most expensive city in metro)
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#8. Kellogg, Kellogg

- 1-year price change: +$31,850 (+10.7%)
- 5-year price change: +$100,331 (+43.6%)
- Typical home value: $330,550 (#10 most expensive city in metro)
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#7. Mazeppa, Mazeppa

- 1-year price change: +$33,016 (+10.5%)
- 5-year price change: +$105,594 (+43.9%)
- Typical home value: $346,197 (#7 most expensive city in metro)
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#6. Millville, Millville

- 1-year price change: +$36,067 (+11.4%)
- 5-year price change: +$103,918 (+41.8%)
- Typical home value: $352,475 (#6 most expensive city in metro)

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#5. Mantorville, Mantorville

- 1-year price change: +$36,419 (+8.9%)
- 5-year price change: +$136,387 (+44.3%)
- Typical home value: $444,246 (#2 most expensive city in metro)
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#4. Byron, Byron

- 1-year price change: +$37,788 (+10.9%)
- 5-year price change: +$119,326 (+44.9%)
- Typical home value: $384,975 (#4 most expensive city in metro)
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#3. Pine Island, Pine Island

- 1-year price change: +$39,539 (+12.2%)
- 5-year price change: +$125,893 (+52.8%)
- Typical home value: $364,371 (#5 most expensive city in metro)
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Stacker

#2. Zumbro Falls, Zumbro Falls

- 1-year price change: +$47,340 (+12.0%)
- 5-year price change: +$134,923 (+43.8%)
- Typical home value: $442,890 (#3 most expensive city in metro)
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Stacker

#1. Oronoco, Oronoco

- 1-year price change: +$52,389 (+10.6%)
- 5-year price change: +$164,678 (+43.1%)
- Typical home value: $547,120 (#1 most expensive city in metro)

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