Cities with the most expensive homes in the Rochester, Minnesota metro area

·Stacker

Konstantin L // Shutterstock
Konstantin L // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Rochester, Minnesota metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 34 cities and towns.

You may also like: The 30 most popular homes for sale in Rochester, Minnesota

#30. Canton, MN

Stacker

1 / 30

#30. Canton, MN

- Typical home value: $257,958
- 1-year price change: +5.0%
- 5-year price change: +32.4%

#29. Harmony, MN

Stacker

2 / 30

#29. Harmony, MN

- Typical home value: $265,064
- 1-year price change: +2.5%
- 5-year price change: +24.7%

#28. Preston, MN

Stacker

3 / 30

#28. Preston, MN

- Typical home value: $272,379
- 1-year price change: +4.1%
- 5-year price change: +22.0%

#27. West Concord, MN

Stacker

4 / 30

#27. West Concord, MN

- Typical home value: $278,529
- 1-year price change: +6.0%
- 5-year price change: +30.7%

#25. Ostrander, MN

Stacker

6 / 30

#25. Ostrander, MN

- Typical home value: $289,898
- 1-year price change: +6.9%
- 5-year price change: +34.5%

#24. Wabasha, MN

Stacker

7 / 30

#24. Wabasha, MN

- Typical home value: $290,972
- 1-year price change: +5.8%
- 5-year price change: +30.2%

#23. Dodge Center, MN

Stacker

8 / 30

#23. Dodge Center, MN

- Typical home value: $295,084
- 1-year price change: +5.0%
- 5-year price change: +25.3%

#22. Reads Landing, MN

Stacker

9 / 30

#22. Reads Landing, MN

- Typical home value: $302,625
- 1-year price change: +7.7%
- 5-year price change: +36.8%

#20. Lake City, MN

Stacker

11 / 30

#20. Lake City, MN

- Typical home value: $322,021
- 1-year price change: +2.8%
- 5-year price change: +24.6%

#19. Wykoff, MN

Stacker

12 / 30

#19. Wykoff, MN

- Typical home value: $324,248
- 1-year price change: +7.8%
- 5-year price change: +29.4%

#18. Hayfield, MN

Stacker

13 / 30

#18. Hayfield, MN

- Typical home value: $325,962
- 1-year price change: +7.8%
- 5-year price change: +26.9%

#17. Fountain, MN

Stacker

14 / 30

#17. Fountain, MN

- Typical home value: $326,327
- 1-year price change: +2.9%
- 5-year price change: +33.1%

#15. Stewartville, MN

Stacker

16 / 30

#15. Stewartville, MN

- Typical home value: $337,255
- 1-year price change: +3.3%
- 5-year price change: +17.6%

#14. Rochester, MN

Stacker

17 / 30

#14. Rochester, MN

- Typical home value: $342,187
- 1-year price change: +3.7%
- 5-year price change: +18.6%

#13. Chatfield, MN

Stacker

18 / 30

#13. Chatfield, MN

- Typical home value: $362,530
- 1-year price change: +3.5%
- 5-year price change: +25.3%

#12. Eyota, MN

Stacker

19 / 30

#12. Eyota, MN

- Typical home value: $373,241
- 1-year price change: +4.7%
- 5-year price change: +20.5%

#10. Elgin, MN

Stacker

21 / 30

#10. Elgin, MN

- Typical home value: $378,605
- 1-year price change: +5.8%
- 5-year price change: +29.0%

#9. Pine Island, MN

Stacker

22 / 30

#9. Pine Island, MN

- Typical home value: $379,493
- 1-year price change: +2.6%
- 5-year price change: +23.0%

#8. Dover, MN

Stacker

23 / 30

#8. Dover, MN

- Typical home value: $380,045
- 1-year price change: +5.5%
- 5-year price change: +18.7%

#7. Kellogg, MN

Stacker

24 / 30

#7. Kellogg, MN

- Typical home value: $383,639
- 1-year price change: +11.6%
- 5-year price change: +34.5%

#5. Byron, MN

Stacker

26 / 30

#5. Byron, MN

- Typical home value: $402,530
- 1-year price change: +3.8%
- 5-year price change: +18.1%

#4. Millville, MN

Stacker

27 / 30

#4. Millville, MN

- Typical home value: $420,575
- 1-year price change: +15.0%
- 5-year price change: +46.8%

#3. Zumbro Falls, MN

Stacker

28 / 30

#3. Zumbro Falls, MN

- Typical home value: $470,542
- 1-year price change: +10.8%
- 5-year price change: +45.3%

#2. Mantorville, MN

Stacker

29 / 30

#2. Mantorville, MN

- Typical home value: $474,331
- 1-year price change: +7.7%
- 5-year price change: +32.5%