ROCHESTER Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Rochester averaged 6.65% for the week of 2022-11-23, compared to the national average of 6.58% for the same period.

The average rate for the prior week (2022-11-17) was 6.48% and one month ago for the week of 2022-10-20, the average rate was 7.11%.

Rochester's average rate one year ago was 3.31%.

For refis of the same type during the week of 2022-11-23, the average rate was 6.41%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-11-23 6.58%
Rochester 30 Year Fixed Rate 2022-11-23 6.65%
Rochester 30 Year Fixed Rate Refi 2022-11-23 6.41%
Rochester 15 Year Fixed Rate 2022-11-23 6.16%
Rochester 15 Year Fixed Rate Refi 2022-11-23 6.16%
Rochester 30 Year FHA 2022-11-23 -0.09%
Rochester 30 Year FHA Refi 2022-11-23 -0.08%
Rochester 30 Year USDA 2022-11-23 -0.03%
Rochester 30 Year USDA Refi 2022-11-23 0.14%
Rochester 30 Year VA 2022-11-23 0.13%
Rochester 30 Year VA Refi 2022-11-23 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ROCHESTER, MN.

ROCHESTER Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ROCHESTER, MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Think Mutual Bank 502 3.08% $4,096
UNITED WHOLESALE MORTGAGE, LLC 305 2.94% $4,169
Home Federal Savings Bank 291 3.10% $3,979
Bell Bank 277 3.01% $4,229
Wells Fargo Bank 267 3.11% $3,121
QUICKEN LOANS, LLC 220 3.07% $4,966
First Federal Bank 207 2.98% $4,074
Bremer Bank 202 3.11% $4,817
U.S. Bank 193 3.04% $3,086
LOANDEPOT.COM, LLC 171 3.05% $4,617
Merchants Bank 163 2.93% $3,917
ALTRA 153 3.08% $3,845
Prosperity Home Mortgage, LLC 109 3.12% $4,152
Servion, Inc. 104 3.00% $4,423
Barrington Bank & Trust Company, N.A. 103 3.13% $3,900
GUARANTEED RATE, INC. 99 3.05% $3,735
GUARANTEED RATE AFFINITY, LLC 83 3.05% $3,555
RESULTS MORTGAGE, LLC 80 3.05% $3,956
AFFINITY PLUS 67 3.11% $4,543
PRIMELENDING, A PLAINSCAPITAL COMPANY 57 3.30% $4,930
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 3.17% $4,009
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 49 3.24% $4,440
MAYO EMPLOYEES FEDERAL CREDIT UNION 40 3.13% $4,754
AMERISAVE MORTGAGE CORPORATION 39 2.78% $5,418
Associated Bank 39 3.03% $3,896
CROSSCOUNTRY MORTGAGE, LLC 31 3.11% $4,424
CALIBER HOME LOANS, INC. 31 3.17% $3,586
WNB Financial, N.A. 28 2.94% $3,894
Manufacturers Bank & Trust Company 26 2.81% $5,366
KELLER MORTGAGE, LLC 24 3.16% $2,356
HANCOCK MORTGAGE PARTNERS, LLC 23 3.17% $4,872
Plains Commerce Bank 22 3.16% $4,795
Tradition Mortgage, LLC 22 3.18% $2,556
BAY EQUITY LLC 21 3.05% $3,781
PENNYMAC LOAN SERVICES, LLC 21 3.09% $4,375
Coulee Bank 21 2.90% $4,290
JPMorgan Chase Bank 20 3.06% $2,534
BETTER MORTGAGE CORPORATION 19 2.85% $2,601
COMPEER FINANCIAL, FLCA 18 3.90% $3,728
FREEDOM MORTGAGE CORPORATION 17 3.23% $2,960
First Western Trust Bank 17 3.31% $3,834
Mr. Cooper ( Nationstar Mortgage ) 16 3.23% $4,508
Bank of America 16 3.02% $3,259
BROKER SOLUTIONS, INC. 15 3.12% $3,732
CRESCENT MORTGAGE COMPANY 15 3.02% $5,677
Flagstar Bank, FSB 14 3.15% $3,461
The Huntington National Bank 12 2.64% $6,621
Citizens Bank 11 2.98% $4,999
InterContinental Capital Group, Inc 11 3.19% $4,161
Alliance Bank 10 2.84% $4,228
HomeTown Bank 10 3.19% $4,677
AMERICAN FINANCIAL NETWORK, INC. 9 3.36% $10,155
NEWREZ LLC 9 3.14% $3,948
WINGS FINANCIAL 9 2.94% $3,037
Stifel Bank and Trust 8 2.92% $2,397
American Mortgage & Equity Consultants, Inc. 8 3.17% $3,578
Cambria Financial Group, LLC 8 3.19% $3,299
TCF National Bank 7 2.89% $3,573
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 7 3.04% $3,113
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 3.43% $3,621
LAND HOME FINANCIAL SERVICES, INC. 7 3.23% $5,892
The Federal Savings Bank 7 3.18% $6,273
NAVY FEDERAL CREDIT UNION 7 3.57% $4,664
IOWA BANKERS MORTGAGE CORPORATION 7 2.98% $2,661
NBKC BANK 7 2.96% $2,314
PROVIDENT FUNDING ASSOCIATES, L.P. 6 2.88% $3,119
Alerus Financial 6 3.04% $2,843
Lend Smart Mortgage, LLC 6 3.15% $3,333
TOWNE MORTGAGE COMPANY 5 3.15% $3,572
Old National Bank 5 3.03% $3,464
MUTUAL OF OMAHA MORTGAGE, INC. 5 3.00% $5,136
LEADERONE FINANCIAL CORPORATION 5 3.02% $3,740
Truist 5 2.97% $5,930
Goldwater Bank, N.A. 5 3.25% $5,267
Gate City Bank 5 2.68% $5,264
Strong Home Mortgage, LLC 5 3.02% $1,403
ZILLOW HOME LOANS, LLC 4 3.19% $3,839
Baxter Credit Union 4 3.03% $3,024
BMO Harris Bank 4 3.06% $3,724
Carrington Mortgage Services, LLC 4 3.13% $3,450
Chicago Mortgage Solutions LLC 4 3.02% $1,439
Discover Bank 4 4.49% $0
First Alliance Credit Union 4 3.19% $5,730
HOME POINT FINANCIAL CORPORATION 4 3.06% $3,489
Lake Area Bank 4 2.84% $3,208
Mortgage Research Center, LLC 4 3.03% $3,929
SOFI LENDING CORP. 3 2.92% $2,425
Frandsen Bank & Trust 3 2.83% $2,771
GUIDANCE RESIDENTIAL, LLC 3 2.88% $3,513
Heritage Bank 3 3.17% $4,665
RUOFF MORTGAGE COMPANY, INC. 3 3.04% $1,652
Bank of England 3 2.96% $5,112
HIWAY 3 3.04% $2,970
VERIDIAN CREDIT UNION 3 3.00% $2,125
FirstBank 3 2.54% $1,724
Summit Mortgage Corporation 3 3.13% $2,803
PLAZA HOME MORTGAGE, INC. 3 3.58% $2,491
FINANCE OF AMERICA MORTGAGE LLC 3 3.08% $2,804
SUN WEST MORTGAGE COMPANY, INC. 3 3.04% $3,362
North American Savings Bank, F.S.B. 3 2.67% $1,573
ENVOY MORTGAGE, LTD 3 3.29% $3,498
Northpointe Bank 3 3.08% $2,954
MARINE 3 9.03% $3,953
Arvest Bank 2 3.06% $4,442
AmeriHome Mortgage Company, LLC 2 3.56% $3,638
Northview Bank 2 3.19% $2,874
EVERETT FINANCIAL, INC. 2 3.19% $1,606
CHURCHILL MORTGAGE CORPORATION 2 3.31% $3,479
Paramount Residential Mortgage Group, Inc. 2 3.06% $5,381
Liberty Bank Minnesota 2 3.25% $2,786
PENTAGON FEDERAL CREDIT UNION 2 2.94% $1,409
CHERRY CREEK MORTGAGE, LLC 2 2.94% $1,730
First Guaranty Mortgage Corporation 2 3.13% $6,757
GUILD MORTGAGE COMPANY 2 2.99% $3,671
AMERICAN FINANCING CORPORATION 2 3.00% $3,962
Charles Schwab Bank, SSB 2 2.06% $2,844
Hometown Lenders, Inc. 2 3.25% $4,907
Johnson Bank 2 2.95% $2,089
CANOPY MORTGAGE, LLC 2 2.81% $1,329
DRAPER AND KRAMER MORTGAGE CORP. 2 2.88% $3,866
Devon Bank 2 3.38% $4,510
Midwest Heritage Bank FSB 2 3.31% $2,464
Morgan Stanley Private Bank 2 3.20% $2,882
Royal Credit Union 2 3.13% $0
ROYAL UNITED MORTGAGE LLC 2 3.13% $6,118
Sierra Pacific Mortgage Company, Inc. 2 3.19% $3,501
Mortgages Unlimited Inc. 2 3.38% $7,416
MOVEMENT MORTGAGE, LLC 2 3.28% $3,574
Bank Midwest 2 2.75% $3,489
FIRST CENTENNIAL MORTGAGE CORPORATION 2 2.81% $3,185
Nations Lending Corporation 2 3.13% $6,446
NATIONS RELIABLE LENDING, LLC 2 2.75% $3,311
Citizens State Bank of La Crosse 2 3.06% $2,901
RBC Bank, (Georgia) 1 3.00% $1,990
RELIANCE FIRST CAPITAL, LLC 1 2.88% $7,047
BNC National Bank 1 2.63% $5,689
Roundbank 1 2.63% $3,791
Bank of the West 1 3.13% $3,793
SPRING EQ, LLC 1 2.88% $0
STEARNS LENDING, LLC 1 3.13% $4,211
Bank of Deerfield 1 3.13% $2,457
Bank Iowa 1 2.50% $1,688
Bankers' Bank 1 2.75% $2,943
Axos Bank 1 2.88% $988
THRIVENT Federal Credit Union 1 3.00% $2,890
ATLANTA POSTAL 1 2.88% $3,794
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.88% $906
UBS Bank USA 1 3.25% $3,166
UIF CORPORATION 1 3.25% $2,608
UNION HOME MORTGAGE CORP. 1 2.75% $2,756
United Fidelity Funding Corp. 1 3.37% $4,015
United Nations Federal Credit Union 1 2.88% $3,088
Amerifirst Financial, Inc. 1 3.50% $3,023
USAA Federal Savings Bank 1 3.25% $3,160
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.25% $3,808
VALLEY MORTGAGE, INC. 1 2.75% $5,214
V.I.P. MORTGAGE, INC. 1 3.00% $3,868
Watermark Capital, Inc. 1 2.88% $2,373
Waterstone Mortgage Corporation 1 3.63% $4,124
AMERICAN INTERNET MORTGAGE, INC. 1 2.75% $1,853
Western National Bank 1 2.75% $4,073
First Internet Bank of Indiana 1 2.88% $2,096
First National Bank of America 1 7.25% $9,958
First PREMIER Bank 1 3.38% $3,851
First National Bank of Omaha 1 3.00% $3,207
First Savings Bank 1 2.63% $7,112
First International Bank & Trust 1 2.75% $650
First Horizon Bank 1 2.88% $3,580
Florida Capital Bank 1 2.63% $3,696
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $1,698
First Bank & Trust 1 2.88% $6,607
GSF Mortgage Corporation 1 3.50% $2,032
GUARANTY HOME MORTGAGE CORPORATION 1 2.88% $2,982
Fidelity Bank & Trust 1 3.00% $2,401
Farmers & Merchants Savings Bank 1 2.88% $3,198
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.25% $2,833
American Bank of the North 1 3.13% $3,396
HOMESIDE FINANCIAL, LLC 1 3.13% $4,151
HOMESTEAD FUNDING CORP. 1 2.63% $3,547
ILLINOIS STATE CREDIT UNION 1 3.13% $1,896
DUPACO COMMUNITY 1 3.38% $0
KeyBank 1 2.00% $3,617
KS StateBank 1 3.00% $3,232
Wyndham Capital Mortgage, Inc. 1 3.25% $2,327
DELMAR FINANCIAL COMPANY 1 3.99% $2,622
Deere Employees Credit Union 1 3.00% $3,002
LENDERFI, INC. 1 2.63% $1,103
CORTRUST MORTGAGE, INC. 1 2.88% $3,606
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.88% $3,465
COMPASS MORTGAGE, INC. 1 3.38% $4,569
LOANFLIGHT LENDING, LLC 1 2.63% $1,153
Community Savings Bank 1 2.88% $4,591
COMMUNITY MORTGAGE FUNDING, LLC 1 3.00% $3,703
MEGASTAR FINANCIAL CORP. 1 3.25% $2,393
Colonial Savings, F.A. 1 3.50% $1,467
Mid-America Bank 1 2.88% $2,316
ACADEMY MORTGAGE CORPORATION 1 3.38% $8,167
CMG MORTGAGE, INC. 1 2.99% $3,463
City National Bank 1 2.56% $4,080
Citizens Community Federal 1 3.00% $2,109
Citibank 1 2.25% $3,471
OCEANSIDE MORTGAGE COMPANY 1 3.88% $2,608
OCMBC, INC. 1 3.50% $1,728
Ohnward Bank & Trust 1 2.75% $3,348
Choice Financial Group 1 2.75% $5,164
PNC Bank 1 3.13% $3,985
POLARIS HOME FUNDING CORP. 1 3.50% $6,999
PREMIA MORTGAGE, LLC 1 2.88% $2,511
Princeton Mortgage Corporation 1 2.88% $3,956
Central Bank & Trust Company 1 3.13% $2,331
CELEBRITY HOME LOANS, LLC 1 3.50% $6,256

ROCHESTER Average Closing Costs & Other Stats

ROCHESTER, MN's 211 lenders originated 11,168 loans during 2021. The total origination value was $2,561,600,000, with an average loan value of $229,370.

ROCHESTER's average closing costs are $4,276.

The top ROCHESTER lender as defined by loan originations is Think Mutual Bank, with 502 loans originated. Their average total fees are $4,096, which is $72 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee ROCHESTER lenders (with over 10 loans originated) are KELLER MORTGAGE, LLC ($2,356), JPMorgan Chase Bank ($2,534), Tradition Mortgage, LLC ($2,556), BETTER MORTGAGE CORPORATION ($2,601) and FREEDOM MORTGAGE CORPORATION ($2,960).

The lowest rate ROCHESTER lenders (with over 10 loans originated) are The Huntington National Bank (2.64%), AMERISAVE MORTGAGE CORPORATION (2.78%), Manufacturers Bank & Trust Company (2.81%), Alliance Bank (2.84%) and BETTER MORTGAGE CORPORATION (2.85%).

ROCHESTER, MN Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Think Mutual Bank $424,240,000 $273,965,000 -35.4% 10.7%
Bell Bank $98,555,000 $141,225,000 43.3% 5.5%
Home Federal Savings Bank $179,670,000 $139,935,000 -22.1% 5.5%
UNITED WHOLESALE MORTGAGE, LLC $101,640,000 $138,445,000 36.2% 5.4%
Bremer Bank $174,215,000 $128,860,000 -26.0% 5.0%
Wells Fargo Bank $106,260,000 $115,270,000 8.5% 4.5%
U.S. Bank $91,140,000 $104,035,000 14.1% 4.1%
QUICKEN LOANS, LLC $106,650,000 $99,855,000 -6.4% 3.9%
First Federal Bank $171,720,000 $86,060,000 -49.9% 3.4%
ALTRA $82,130,000 $76,690,000 -6.6% 3.0%
LOANDEPOT.COM, LLC $34,585,000 $74,955,000 116.7% 2.9%
Merchants Bank $79,760,000 $74,870,000 -6.1% 2.9%
GUARANTEED RATE, INC. $49,075,000 $44,920,000 -8.5% 1.8%
Prosperity Home Mortgage, LLC $38,440,000 $41,320,000 7.5% 1.6%
Barrington Bank & Trust Company, N.A. $44,030,000 $39,805,000 -9.6% 1.6%
Foresight Bank $57,265,000 $38,535,000 -32.7% 1.5%
GUARANTEED RATE AFFINITY, LLC $30,655,000 $37,595,000 22.6% 1.5%
Servion, Inc. $53,155,000 $37,415,000 -29.6% 1.5%
MAYO EMPLOYEES FEDERAL CREDIT UNION $52,330,000 $36,450,000 -30.3% 1.4%
AFFINITY PLUS $37,155,000 $35,380,000 -4.8% 1.4%
WINGS FINANCIAL $9,815,000 $35,085,000 257.5% 1.4%
FREEDOM MORTGAGE CORPORATION $42,875,000 $34,655,000 -19.2% 1.4%
F & M Community Bank $34,930,000 $32,170,000 -7.9% 1.3%
RESULTS MORTGAGE, LLC $30,760,000 $31,060,000 1.0% 1.2%
Associated Bank $23,505,000 $26,980,000 14.8% 1.1%
Manufacturers Bank & Trust Company $37,405,000 $26,750,000 -28.5% 1.0%
Peoples State Bank of Plainview $44,905,000 $24,645,000 -45.1% 1.0%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $11,295,000 $24,005,000 112.5% 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $22,955,000 $21,765,000 -5.2% 0.8%
First Alliance Credit Union $11,310,000 $20,680,000 82.8% 0.8%
West Bank $4,315,000 $20,155,000 367.1% 0.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $20,730,000 $19,260,000 -7.1% 0.8%
AMERISAVE MORTGAGE CORPORATION $9,985,000 $17,775,000 78.0% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $4,360,000 $16,385,000 275.8% 0.6%
Coulee Bank $16,655,000 $14,705,000 -11.7% 0.6%
PENNYMAC LOAN SERVICES, LLC $8,650,000 $13,660,000 57.9% 0.5%
Minnwest Bank $1,130,000 $13,470,000 1,092.0% 0.5%
Mortgage Research Center, LLC $14,230,000 $12,975,000 -8.8% 0.5%
COMPEER FINANCIAL, FLCA $24,975,000 $12,665,000 -49.3% 0.5%
WNB Financial, N.A. $13,625,000 $12,620,000 -7.4% 0.5%
CALIBER HOME LOANS, INC. $16,950,000 $12,095,000 -28.6% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $8,945,000 $11,555,000 29.2% 0.5%
BETTER MORTGAGE CORPORATION $10,105,000 n/a 0.4%
Bank of America $3,365,000 $9,920,000 194.8% 0.4%
BAY EQUITY LLC $14,325,000 $9,265,000 -35.3% 0.4%
JPMorgan Chase Bank $5,315,000 $8,705,000 63.8% 0.3%
HANCOCK MORTGAGE PARTNERS, LLC $5,845,000 $8,360,000 43.0% 0.3%
Plains Commerce Bank $5,755,000 $7,935,000 37.9% 0.3%
CRESCENT MORTGAGE COMPANY $8,340,000 $7,715,000 -7.5% 0.3%
Tradition Mortgage, LLC $5,720,000 $7,090,000 24.0% 0.3%
The Huntington National Bank $885,000 $7,065,000 698.3% 0.3%
BROKER SOLUTIONS, INC. $4,685,000 $7,000,000 49.4% 0.3%
NEWREZ LLC $3,590,000 $6,655,000 85.4% 0.3%
KELLER MORTGAGE, LLC $3,805,000 $6,645,000 74.6% 0.3%
NAVY FEDERAL CREDIT UNION $5,265,000 $5,900,000 12.1% 0.2%
USAA Federal Savings Bank $6,895,000 $5,900,000 -14.4% 0.2%
InterContinental Capital Group, Inc $2,560,000 $5,485,000 114.3% 0.2%
IOWA BANKERS MORTGAGE CORPORATION $3,775,000 $5,275,000 39.7% 0.2%
NBKC BANK $3,790,000 $5,015,000 32.3% 0.2%
Flagstar Bank, FSB $3,190,000 $4,820,000 51.1% 0.2%
LAKEVIEW LOAN SERVICING, LLC $6,065,000 $4,565,000 -24.7% 0.2%
The Federal Savings Bank $4,310,000 $4,560,000 5.8% 0.2%
Citizens Bank $3,680,000 $4,440,000 20.7% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $5,125,000 $4,285,000 -16.4% 0.2%
HomeTown Bank $4,795,000 $4,195,000 -12.5% 0.2%
Alliance Bank $8,415,000 $4,165,000 -50.5% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $1,095,000 $4,065,000 271.2% 0.2%
MARINE $4,805,000 $3,800,000 -20.9% 0.1%
Carrington Mortgage Services, LLC $3,275,000 $3,650,000 11.5% 0.1%
First Western Trust Bank $780,000 $3,575,000 358.3% 0.1%
Stifel Bank and Trust $1,300,000 $3,385,000 160.4% 0.1%
TCF National Bank $1,915,000 $3,260,000 70.2% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $2,155,000 $3,065,000 42.2% 0.1%
Summit Mortgage Corporation $4,285,000 $2,980,000 -30.5% 0.1%
Alerus Financial $1,510,000 $2,960,000 96.0% 0.1%
Chicago Mortgage Solutions LLC $670,000 $2,935,000 338.1% 0.1%
HOME POINT FINANCIAL CORPORATION $2,325,000 $2,930,000 26.0% 0.1%
American Mortgage & Equity Consultants, Inc. $10,985,000 $2,815,000 -74.4% 0.1%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,410,000 $2,760,000 95.7% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $1,360,000 $2,565,000 88.6% 0.1%
Truist Bank $2,565,000 n/a 0.1%
Gate City Bank $765,000 $2,340,000 205.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,665,000 $2,340,000 -12.2% 0.1%
TOWNE MORTGAGE COMPANY $2,030,000 $2,275,000 12.1% 0.1%
Lend Smart Mortgage, LLC $1,940,000 $2,195,000 13.1% 0.1%
Heritage Bank $2,160,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $990,000 $2,095,000 111.6% 0.1%
Wyndham Capital Mortgage, Inc. $1,220,000 $2,065,000 69.3% 0.1%
NEW DAY FINANCIAL, LLC $2,365,000 $2,020,000 -14.6% 0.1%
FirstBank $1,685,000 $1,985,000 17.8% 0.1%
Strong Home Mortgage, LLC $1,250,000 $1,955,000 56.4% 0.1%
Old National Bank $2,520,000 $1,915,000 -24.0% 0.1%
LEADERONE FINANCIAL CORPORATION $4,480,000 $1,850,000 -58.7% 0.1%
Cambria Financial Group, LLC $1,805,000 $1,805,000 0.0% 0.1%
CHERRY CREEK MORTGAGE, LLC $1,790,000 n/a 0.1%
Royal Credit Union $1,555,000 $1,740,000 11.9% 0.1%
Bank of England $905,000 $1,705,000 88.4% 0.1%
First Guaranty Mortgage Corporation $330,000 $1,685,000 410.6% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $395,000 $1,675,000 324.1% 0.1%
Midwest Heritage Bank FSB $975,000 $1,565,000 60.5% 0.1%
Baxter Credit Union $205,000 $1,550,000 656.1% 0.1%
PENTAGON FEDERAL CREDIT UNION $740,000 $1,520,000 105.4% 0.1%
TRIAD FINANCIAL SERVICES, INC. $865,000 $1,495,000 72.8% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $1,225,000 $1,385,000 13.1% 0.1%
EVERETT FINANCIAL, INC. $15,995,000 $1,385,000 -91.3% 0.1%
North American Savings Bank, F.S.B. $2,190,000 $1,365,000 -37.7% 0.1%
Lake Area Bank $2,350,000 $1,360,000 -42.1% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,190,000 $1,310,000 10.1% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,540,000 $1,300,000 -15.6% 0.1%
EMBRACE HOME LOANS, INC. $1,275,000 n/a 0.0%
PREMIA MORTGAGE, LLC $590,000 $1,265,000 114.4% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $1,255,000 $1,255,000 0.0% 0.0%
Citizens Community Federal $1,635,000 $1,245,000 -23.9% 0.0%
SOFI LENDING CORP. $2,280,000 $1,240,000 -45.6% 0.0%
HIWAY $830,000 $1,230,000 48.2% 0.0%
Community Bank Mankato $605,000 $1,215,000 100.8% 0.0%
Frandsen Bank & Trust $680,000 $1,200,000 76.5% 0.0%
KeyBank $325,000 $1,180,000 263.1% 0.0%
BMO Harris Bank $710,000 $1,165,000 64.1% 0.0%
The Central Trust Bank $1,135,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $400,000 $1,130,000 182.5% 0.0%
ZILLOW HOME LOANS, LLC $430,000 $1,125,000 161.6% 0.0%
Sentry Bank $1,100,000 n/a 0.0%
Goldwater Bank, N.A. $1,265,000 $1,070,000 -15.4% 0.0%
Northpointe Bank $235,000 $1,040,000 342.6% 0.0%
Paramount Residential Mortgage Group, Inc. $2,830,000 $1,035,000 -63.4% 0.0%
GUIDANCE RESIDENTIAL, LLC $2,005,000 $1,015,000 -49.4% 0.0%
First Bank & Trust $1,005,000 n/a 0.0%
Hometown Lenders, Inc. $975,000 n/a 0.0%
LENDERFI, INC. $740,000 $965,000 30.4% 0.0%
Bank Midwest $680,000 $960,000 41.2% 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $155,000 $940,000 506.5% 0.0%
Community Resource Bank $930,000 n/a 0.0%
Mortgages Unlimited Inc. $2,315,000 $875,000 -62.2% 0.0%
Morgan Stanley Private Bank $860,000 n/a 0.0%
ENVOY MORTGAGE, LTD $1,055,000 $850,000 -19.4% 0.0%
THRIVENT Federal Credit Union $1,065,000 $845,000 -20.7% 0.0%
City National Bank $805,000 n/a 0.0%
Liberty Bank Minnesota $1,855,000 $795,000 -57.1% 0.0%
Citizens State Bank of La Crosse $1,535,000 $770,000 -49.8% 0.0%
Arvest Bank $760,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,130,000 $760,000 -32.7% 0.0%
NATIONS RELIABLE LENDING, LLC $1,025,000 $760,000 -25.9% 0.0%
HOMESIDE FINANCIAL, LLC $520,000 $735,000 41.3% 0.0%
First National Bank of Omaha $9,005,000 $730,000 -91.9% 0.0%
Discover Bank $435,000 $715,000 64.4% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $710,000 n/a 0.0%
Nations Lending Corporation $665,000 n/a 0.0%
Prevail Bank $665,000 n/a 0.0%
Deere Employees Credit Union $905,000 $655,000 -27.6% 0.0%
PLAZA HOME MORTGAGE, INC. $675,000 $655,000 -3.0% 0.0%
Colonial Savings, F.A. $745,000 $650,000 -12.8% 0.0%
Axos Bank $195,000 $640,000 228.2% 0.0%
Fidelity Bank $85,000 $640,000 652.9% 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $630,000 n/a 0.0%
Charles Schwab Bank, SSB $630,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $3,400,000 $615,000 -81.9% 0.0%
CHURCHILL MORTGAGE CORPORATION $560,000 $605,000 8.0% 0.0%
MOVEMENT MORTGAGE, LLC $560,000 $600,000 7.1% 0.0%
OCMBC, INC. $2,130,000 $595,000 -72.1% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $275,000 $590,000 114.5% 0.0%
ROYAL UNITED MORTGAGE LLC $490,000 $580,000 18.4% 0.0%
LOANFLIGHT LENDING, LLC $570,000 n/a 0.0%
PLANET HOME LENDING, LLC $95,000 $565,000 494.7% 0.0%
Devon Bank $400,000 $560,000 40.0% 0.0%
GUILD MORTGAGE COMPANY $305,000 $555,000 82.0% 0.0%
AmeriHome Mortgage Company, LLC $1,015,000 $545,000 -46.3% 0.0%
Central Bank $545,000 n/a 0.0%
Farmers & Merchants Savings Bank $545,000 n/a 0.0%
SPRING EQ, LLC $270,000 $545,000 101.9% 0.0%
VALLEY MORTGAGE, INC. $545,000 n/a 0.0%
VERIDIAN CREDIT UNION $545,000 n/a 0.0%
Waterstone Mortgage Corporation $545,000 n/a 0.0%
Citizens Bank Minnesota $370,000 $540,000 45.9% 0.0%
Florida Capital Bank $560,000 $540,000 -3.6% 0.0%
KS StateBank $615,000 $515,000 -16.3% 0.0%
BankVista $470,000 $510,000 8.5% 0.0%
First Internet Bank of Indiana $1,085,000 $510,000 -53.0% 0.0%
First Dakota National Bank $505,000 n/a 0.0%
First Horizon Bank $495,000 n/a 0.0%
CANOPY MORTGAGE, LLC $460,000 $490,000 6.5% 0.0%
STEARNS LENDING, LLC $265,000 $485,000 83.0% 0.0%
Johnson Bank $230,000 $480,000 108.7% 0.0%
COMMUNITY MORTGAGE FUNDING, LLC $465,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $370,000 $465,000 25.7% 0.0%
First PREMIER Bank $460,000 n/a 0.0%
TIAA, FSB $1,195,000 $455,000 -61.9% 0.0%
Bankers' Bank $450,000 n/a 0.0%
ACCELERATE MORTGAGE, LLC $685,000 $440,000 -35.8% 0.0%
FINANCE OF AMERICA REVERSE LLC $410,000 $435,000 6.1% 0.0%
Auto Club Trust, FSB $430,000 n/a 0.0%
CELEBRITY HOME LOANS, LLC $430,000 n/a 0.0%
SPIRE Credit Union $335,000 $425,000 26.9% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $205,000 $405,000 97.6% 0.0%
The Miners National Bank of Eveleth $405,000 n/a 0.0%
IDEAL $400,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $510,000 $400,000 -21.6% 0.0%
Hiawatha National Bank $390,000 n/a 0.0%
UIF CORPORATION $1,100,000 $390,000 -64.5% 0.0%
Ohnward Bank & Trust $385,000 n/a 0.0%
Low VA Rates, LLC $380,000 n/a 0.0%
Roundbank $2,230,000 $380,000 -83.0% 0.0%
American Bank of the North $1,020,000 $370,000 -63.7% 0.0%
PNC Bank $575,000 $370,000 -35.7% 0.0%
Central Bank & Trust Company $365,000 n/a 0.0%
Dieterich Bank $530,000 $355,000 -33.0% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $405,000 $340,000 -16.0% 0.0%
CMG MORTGAGE, INC. $595,000 $340,000 -42.9% 0.0%
BNC National Bank $1,030,000 $335,000 -67.5% 0.0%
SOUTHPOINT FINANCIAL $645,000 $330,000 -48.8% 0.0%
AMCAP MORTGAGE, LTD. $325,000 n/a 0.0%
Charter Bank $325,000 n/a 0.0%
Bank of the West $830,000 $320,000 -61.4% 0.0%
The First National Bank of Le Center $315,000 n/a 0.0%
DUPACO COMMUNITY $780,000 $310,000 -60.3% 0.0%
PHH Mortgage Corporation $365,000 $310,000 -15.1% 0.0%
First Federal Bank of Kansas City $305,000 n/a 0.0%
First Savings Bank $225,000 $295,000 31.1% 0.0%
TJC Mortgage, Inc. $295,000 n/a 0.0%
THOMPSON KANE & COMPANY, LLC $285,000 n/a 0.0%
INLANTA MORTGAGE, INC. $705,000 $280,000 -60.3% 0.0%
UNION HOME MORTGAGE CORP. $280,000 n/a 0.0%
Bridgewater Bank $370,000 $275,000 -25.7% 0.0%
Citibank $275,000 n/a 0.0%
First International Bank & Trust $275,000 n/a 0.0%
First National Bank of America $275,000 n/a 0.0%
AMERICAN ADVISORS GROUP $455,000 $265,000 -41.8% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $275,000 $265,000 -3.6% 0.0%
HOMESTEAD FUNDING CORP. $1,415,000 $265,000 -81.3% 0.0%
Kerndt Brothers Savings Bank $265,000 n/a 0.0%
United Nations Federal Credit Union $265,000 n/a 0.0%
ATHAS CAPITAL GROUP, INC. $255,000 n/a 0.0%
ATLANTA POSTAL $165,000 $255,000 54.5% 0.0%
Community Savings Bank $255,000 n/a 0.0%
Merchants Bank of Indiana $255,000 n/a 0.0%
Premier Bank $255,000 n/a 0.0%
Princeton Mortgage Corporation $255,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $255,000 n/a 0.0%
Northview Bank $250,000 n/a 0.0%
First Bank $175,000 $245,000 40.0% 0.0%
SUMMIT FUNDING, INC. $245,000 n/a 0.0%
Security Financial Bank $195,000 $240,000 23.1% 0.0%
ACADEMY MORTGAGE CORPORATION $320,000 $235,000 -26.6% 0.0%
DELMAR FINANCIAL COMPANY $235,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $235,000 n/a 0.0%
AXIA FINANCIAL, LLC $575,000 $225,000 -60.9% 0.0%
Choice Financial Group $155,000 $225,000 45.2% 0.0%
Mound City Bank $225,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $225,000 n/a 0.0%
Tradition Capital Bank $225,000 n/a 0.0%
WESTconsin Credit Union $790,000 $225,000 -71.5% 0.0%
Bank of Deerfield $215,000 n/a 0.0%
COMPASS MORTGAGE, INC. $255,000 $215,000 -15.7% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $215,000 n/a 0.0%
First National Community Bank $215,000 $215,000 0.0% 0.0%
Flanagan State Bank $215,000 n/a 0.0%
Park Bank $215,000 n/a 0.0%
Western National Bank $215,000 n/a 0.0%
ILLINOIS STATE CREDIT UNION $205,000 n/a 0.0%
Luana Savings Bank $600,000 $205,000 -65.8% 0.0%
The State Bank of Faribault $195,000 $205,000 5.1% 0.0%
United Fidelity Funding Corp. $165,000 $205,000 24.2% 0.0%
Fidelity Bank & Trust $630,000 $195,000 -69.0% 0.0%
Lakeview Community Capital, LLC $195,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $360,000 $195,000 -45.8% 0.0%
RBC Bank, (Georgia) $195,000 n/a 0.0%
SOUTHWEST FUNDING, LP $545,000 $195,000 -64.2% 0.0%
CONTOUR MORTGAGE CORPORATION $420,000 $185,000 -56.0% 0.0%
Magnolia Bank $410,000 $185,000 -54.9% 0.0%
MICHIGAN MUTUAL, INC. $185,000 n/a 0.0%
VAN DYK MORTGAGE CORPORATION $185,000 n/a 0.0%
Lincoln Savings Bank $300,000 $175,000 -41.7% 0.0%
UNITED SECURITY FINANCIAL CORP $225,000 $175,000 -22.2% 0.0%
Bank Iowa $155,000 n/a 0.0%
Figure Lending LLC $45,000 $155,000 244.4% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $155,000 n/a 0.0%
UBS Bank USA $920,000 $155,000 -83.2% 0.0%
Watermark Capital, Inc. $360,000 $155,000 -56.9% 0.0%
LENDSURE MORTGAGE CORP. $145,000 n/a 0.0%
LOANPAL, LLC $145,000 n/a 0.0%
Mid-America Bank $145,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $145,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $145,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $145,000 n/a 0.0%
BLACK HILLS FEDERAL CREDIT UNION $135,000 n/a 0.0%
First Home Bank $575,000 $135,000 -76.5% 0.0%
Ixonia Bank $780,000 $135,000 -82.7% 0.0%
Minnesota Valley Federal Credit Union $135,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $205,000 $135,000 -34.1% 0.0%
SHAREPOINT CREDIT UNION $135,000 n/a 0.0%
The First National Bank of River Falls $175,000 $135,000 -22.9% 0.0%
CORTRUST MORTGAGE, INC. $400,000 $125,000 -68.8% 0.0%
First Resource Bank $125,000 n/a 0.0%
Neighborhood Loans, Inc. $125,000 n/a 0.0%
UMB Bank $125,000 n/a 0.0%
DATA MORTGAGE, INC. $120,000 n/a 0.0%
CorTrust Bank $115,000 n/a 0.0%
Manufacturers and Traders Trust Company $175,000 $115,000 -34.3% 0.0%
Amerifirst Financial, Inc. $105,000 n/a 0.0%
GSF Mortgage Corporation $105,000 n/a 0.0%
West Gate Bank $105,000 n/a 0.0%
American State Bank $115,000 $95,000 -17.4% 0.0%
St. Paul Federal Credit Union $95,000 n/a 0.0%
Centier Bank $75,000 n/a 0.0%
CO-OP Credit Union $75,000 n/a 0.0%
21ST MORTGAGE CORPORATION $70,000 n/a 0.0%
MEGASTAR FINANCIAL CORP. $420,000 $65,000 -84.5% 0.0%
NATIONAL COOPERATIVE BANK, N.A. $320,000 $65,000 -79.7% 0.0%
First Midwest Bank $35,000 n/a 0.0%
SKYONE Federal Credit Union $35,000 n/a 0.0%
CLEARPOINTE CAPITAL, LLC $25,000 $25,000 0.0% 0.0%
PURDUE FEDERAL CREDIT UNION $15,000 n/a 0.0%

ROCHESTER's top lender by overall market share is Think Mutual Bank, with 10.7% market share. In second place, with 5.5%, is Bell Bank, having originated $141,225,000 in loans. In third place, with 5.5%, is Home Federal Savings Bank, having originated $139,935,000 in loans. In fourth place, with 5.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $138,445,000 in loans. In fifth place, with 5.0%, is Bremer Bank, having originated $128,860,000 in loans.


ROCHESTER Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ROCHESTER (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $294,875 (20.5%) $330,136 (12.7%) 1.09 495
2018-02-01 $299,700 (21.1%) $341,746 (16.1%) 1.09 489
2018-03-01 $319,900 (26.7%) $360,613 (19.7%) 1.12 551
2018-04-01 $315,925 (12.9%) $363,578 (15.3%) 1.07 581
2018-05-01 $307,950 (12.0%) $359,415 (11.9%) 1.03 604
2018-06-01 $299,900 (10.1%) $354,093 (10.0%) 1.00 641
2018-07-01 $296,100 (9.3%) $348,041 (9.4%) 0.99 722
2018-08-01 $283,675 (3.2%) $334,360 (6.2%) 0.95 739
2018-09-01 $279,900 (7.7%) $329,024 (7.5%) 0.94 781
2018-10-01 $274,950 (2.8%) $322,233 (3.2%) 0.93 779
2018-11-01 $274,900 (-1.3%) $324,856 (3.9%) 0.93 730
2018-12-01 $295,800 (5.7%) $341,017 (7.6%) 1.02 637
2019-01-01 $308,175 (4.5%) $353,846 (7.2%) 1.06 489
2019-02-01 $301,225 (0.5%) $353,421 (3.4%) 1.02 380
2019-03-01 $313,900 (-1.9%) $358,982 (-0.5%) 1.03 507
2019-04-01 $319,900 (1.3%) $365,469 (0.5%) 1.02 655
2019-05-01 $319,400 (3.7%) $360,598 (0.3%) 1.00 699
2019-06-01 $309,900 (3.3%) $359,596 (1.6%) 0.97 710
2019-07-01 $309,450 (4.5%) $359,422 (3.3%) 0.97 745
2019-08-01 $307,173 (8.3%) $357,969 (7.1%) 0.97 752
2019-09-01 $303,082 (8.3%) $354,964 (7.9%) 0.97 766
2019-10-01 $298,575 (8.6%) $351,299 (9.0%) 0.96 767
2019-11-01 $294,900 (7.3%) $348,951 (7.4%) 0.97 726
2019-12-01 $299,900 (1.4%) $356,462 (4.5%) 1.00 602
2020-01-01 $309,900 (0.6%) $357,407 (1.0%) 1.04 529
2020-02-01 $320,950 (6.6%) $373,798 (5.8%) 1.05 478
2020-03-01 $317,450 (1.1%) $375,303 (4.6%) 0.99 509
2020-04-01 $320,575 (0.2%) $370,525 (1.4%) 1.00 555
2020-05-01 $322,500 (1.0%) $378,655 (5.0%) 0.98 564
2020-06-01 $329,950 (6.5%) $389,980 (8.5%) 0.97 538
2020-07-01 $329,900 (6.6%) $400,254 (11.4%) 0.96 488
2020-08-01 $321,900 (4.8%) $395,395 (10.5%) 0.92 483
2020-09-01 $309,975 (2.3%) $389,237 (9.7%) 0.89 454
2020-10-01 $298,500 (0.0%) $377,824 (7.6%) 0.86 450
2020-11-01 $287,400 (-2.5%) $386,595 (10.8%) 0.84 365
2020-12-01 $292,450 (-2.5%) $392,674 (10.2%) 0.87 295
2021-01-01 $304,950 (-1.6%) $405,591 (13.5%) 0.91 246
2021-02-01 $318,675 (-0.7%) $411,380 (10.1%) 0.93 246
2021-03-01 $332,050 (4.6%) $411,978 (9.8%) 0.94 264
2021-04-01 $334,875 (4.5%) $412,184 (11.2%) 0.91 242
2021-05-01 $339,700 (5.3%) $417,559 (10.3%) 0.90 227
2021-06-01 $339,450 (2.9%) $411,298 (5.5%) 0.89 257
2021-07-01 $338,500 (2.6%) $420,810 (5.1%) 0.89 329
2021-08-01 $322,450 (0.2%) $418,467 (5.8%) 0.86 369
2021-09-01 $327,450 (5.6%) $410,999 (5.6%) 0.87 406
2021-10-01 $339,000 (13.6%) $415,718 (10.0%) 0.90 428
2021-11-01 $347,450 (20.9%) $426,789 (10.4%) 0.93 380
2021-12-01 $353,675 (20.9%) $439,806 (12.0%) 0.96 308
2022-01-01 $359,900 (18.0%) $442,345 (9.1%) 0.97 247
2022-02-01 $379,900 (19.2%) $471,508 (14.6%) 0.99 210
2022-03-01 $380,675 (14.6%) $472,548 (14.7%) 0.95 229
2022-04-01 $390,000 (16.5%) $465,913 (13.0%) 0.93 260
2022-05-01 $394,250 (16.1%) $476,785 (14.2%) 0.90 298
2022-06-01 $379,900 (11.9%) $469,260 (14.1%) 0.85 338
2022-07-01 $365,000 (7.8%) $455,072 (8.1%) 0.83 399
2022-08-01 $382,400 (18.6%) $463,620 (10.8%) 0.88 419
2022-09-01 $372,500 (13.8%) $464,782 (13.1%) 0.87 434
2022-10-01 $384,900 (13.5%) $459,630 (10.6%) 0.91 466
ROCHESTER's median listing price for 2022-10-01 was $384,900, a difference of $45,900 (13.5%) versus the prior year and $12,400 versus the prior month.

ROCHESTER's median listing price comes in at 91% of the national average.

ROCHESTER's average listing price for 2022-10-01 was $459,630, a difference of $43,912 (10.6%) versus the prior year and $-5,152 versus the prior month.

For the 2022-10-01 period, ROCHESTER had 466 MLS listings, a difference of 32 listings (7%) versus the prior month and 38 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ROCHESTER (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 92 days 2,570 sqft
2018-02-01 94 days 2,605 sqft
2018-03-01 53 days 2,801 sqft
2018-04-01 46 days 2,786 sqft
2018-05-01 50 days 2,728 sqft
2018-06-01 49 days 2,730 sqft
2018-07-01 51 days 2,729 sqft
2018-08-01 58 days 2,616 sqft
2018-09-01 59 days 2,598 sqft
2018-10-01 63 days 2,522 sqft
2018-11-01 69 days 2,528 sqft
2018-12-01 86 days 2,536 sqft
2019-01-01 99 days 2,103 sqft
2019-02-01 67 days 2,095 sqft
2019-03-01 60 days 2,164 sqft
2019-04-01 52 days 2,208 sqft
2019-05-01 52 days 2,211 sqft
2019-06-01 56 days 2,240 sqft
2019-07-01 56 days 2,250 sqft
2019-08-01 54 days 2,253 sqft
2019-09-01 57 days 2,224 sqft
2019-10-01 63 days 2,198 sqft
2019-11-01 73 days 2,163 sqft
2019-12-01 91 days 2,157 sqft
2020-01-01 90 days 2,130 sqft
2020-02-01 94 days 2,222 sqft
2020-03-01 49 days 2,183 sqft
2020-04-01 44 days 2,189 sqft
2020-05-01 52 days 2,241 sqft
2020-06-01 57 days 2,264 sqft
2020-07-01 53 days 2,321 sqft
2020-08-01 50 days 2,213 sqft
2020-09-01 50 days 2,176 sqft
2020-10-01 49 days 2,122 sqft
2020-11-01 56 days 2,053 sqft
2020-12-01 61 days 2,085 sqft
2021-01-01 65 days 1,990 sqft
2021-02-01 54 days 2,032 sqft
2021-03-01 34 days 2,107 sqft
2021-04-01 33 days 2,050 sqft
2021-05-01 37 days 2,100 sqft
2021-06-01 34 days 2,106 sqft
2021-07-01 36 days 2,100 sqft
2021-08-01 37 days 2,103 sqft
2021-09-01 43 days 2,095 sqft
2021-10-01 43 days 2,134 sqft
2021-11-01 46 days 2,092 sqft
2021-12-01 59 days 2,091 sqft
2022-01-01 67 days 2,212 sqft
2022-02-01 43 days 2,567 sqft
2022-03-01 33 days 2,535 sqft
2022-04-01 31 days 2,579 sqft
2022-05-01 33 days 2,346 sqft
2022-06-01 37 days 2,193 sqft
2022-07-01 37 days 2,147 sqft
2022-08-01 40 days 2,157 sqft
2022-09-01 47 days 2,136 sqft
2022-10-01 49 days 2,163 sqft
ROCHESTER's median listing age (time on market) for 2022-10-01 was 49 days. This is 13% longer than the same period one year ago.

ROCHESTER's median square footage for active listings during the 2022-10-01 period was 2,163 sqft. One year prior, the average listing was 2,134 sqft.

ROCHESTER, MN Average Rent (2022)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
55901 Rochester, MN $780 $920 $1,160 $1,650 $1,990
55902 Rochester, MN $840 $990 $1,250 $1,780 $2,140
55903 Rochester, MN $740 $880 $1,110 $1,580 $1,900
55904 Rochester, MN $670 $790 $1,000 $1,420 $1,710
55905 Rochester, MN $740 $880 $1,110 $1,580 $1,900
55906 Rochester, MN $660 $770 $980 $1,390 $1,680
55917 Rochester, MN $610 $720 $920 $1,310 $1,590
55920 Rochester, MN $740 $880 $1,110 $1,580 $1,900
55923 Rochester, MN $640 $720 $920 $1,310 $1,590
55924 Rochester, MN $610 $720 $920 $1,310 $1,590
55927 Rochester, MN $610 $720 $920 $1,310 $1,590
55929 Rochester, MN $610 $720 $920 $1,310 $1,590
55932 Rochester, MN $610 $720 $920 $1,310 $1,590
55934 Rochester, MN $610 $720 $920 $1,310 $1,590
55940 Rochester, MN $610 $720 $920 $1,310 $1,590
55944 Rochester, MN $610 $720 $920 $1,310 $1,590
55946 Rochester, MN $610 $720 $920 $1,310 $1,590
55955 Rochester, MN $650 $770 $970 $1,380 $1,660
55956 Rochester, MN $610 $740 $920 $1,310 $1,590
55960 Rochester, MN $740 $870 $1,090 $1,550 $1,860
55963 Rochester, MN $790 $930 $1,180 $1,680 $2,020
55964 Rochester, MN $610 $720 $920 $1,310 $1,590
55972 Rochester, MN $610 $720 $920 $1,310 $1,590
55973 Rochester, MN $610 $720 $920 $1,310 $1,590
55976 Rochester, MN $680 $800 $1,010 $1,430 $1,730
55982 Rochester, MN $610 $720 $920 $1,310 $1,590
55985 Rochester, MN $720 $850 $1,080 $1,530 $1,850
55991 Rochester, MN $610 $720 $920 $1,310 $1,590

2022 Average & Median Rent Data Statistics
ROCHESTER, MN average 1BR rent: $781, median: $720
ROCHESTER, MN average 2BR rent: $992, median: $920
ROCHESTER, MN average 3BR rent: $1,411, median: $1,310

ROCHESTER, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,200 $1,164,850,000 $277,345
Refi 3,890 $850,160,000 $218,550
Cash Out Refi 2,289 $473,475,000 $206,848
Home Improvement 507 $46,465,000 $91,647
Other 281 $26,545,000 $94,466
NA 1 $105,000 $105,000

Rochester's most frequently cited loan purpose was Home Purchase, with 4,200 originations. The 2nd most popular reason was Refi, with 3,890 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 4,404 $1,074,120,000 $243,896
3-4% 3,317 $796,255,000 $240,053
<2.5% 2,361 $503,985,000 $213,463
4-5% 297 $34,625,000 $116,582
5-6% 139 $9,345,000 $67,230
Over 8% 55 $2,945,000 $53,545
6-7% 32 $1,640,000 $51,250
7-8% 20 $1,930,000 $96,500

During 2021, Rochester's most frequently originated rate bucket was 2.5-3%, with 4,404 originations.

Loan Sizing (ROCHESTER, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 4,554 $1,235,360,000 $271,269
$100k-200k 3,983 $606,085,000 $152,168
$100,000 or less 1,715 $94,725,000 $55,233
$400k-600k 704 $333,760,000 $474,091
$600k-1000k 147 $107,955,000 $734,388
$Over $1MM 65 $183,715,000 $2,826,385

ROCHESTER's loan sizing saw the bucket of loans from $200k-400k with 4,554 originations, totaling $1,235,360,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 3,628 $926,070,000 $255,256
80-100% 3,458 $971,270,000 $280,876
40-60% 1,715 $313,945,000 $183,058
Under 20% 809 $33,265,000 $41,119
20-40% 702 $109,960,000 $156,638
Over 100% 55 $16,875,000 $306,818

ROCHESTER's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 3,628 originations, totaling $926,070,000 in origination value.