Rochester, IL—62563
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rochester, IL
As of Oct '25, the median home price in Rochester, IL is $286,000, with a year-over-year change of 7.8%. This indicates that home prices in Rochester, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 7.8% |
| Single Family | $287,000 | 8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rochester, IL
Rochester, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rochester, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Rochester, IL is 31. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -17.0% |
Listing Count | 13 | 31.0% |
| Listings as % of Homes | 0.3% | 31.0% |
Days on Market | 31 | 10.0% |
Demographics — Rochester, IL
As of the latest ACS Survey released in 2023, Rochester, IL has a population of 5,580, which has decreased by -2.0% over the past 5 years. Rochester, IL is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 46.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,580 | -2.0% |
% Under 18 | 23.1% | -18.9% |
% Seniors | 20.3% | 12.8% |
% WFH | 16.6% | 1,006.7% |
% w/ College Degree | 46.6% | -3.1% |
As of the latest ACS Survey released in 2023, Rochester, IL is a predominantly white area, with 95.0% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Rochester, IL is asian, making up 1.7% of the population. Foreign-born residents account for 0.8% of the population in Rochester, IL, and this percentage has decreased by 42.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.0% | 0.4% |
% Black | 0.3% | -85.0% |
% Hispanic | 1.1% | -21.4% |
% Asian | 1.7% | 142.9% |
% Foreign Born | 0.8% | -42.9% |
Mortgage and Risk — Rochester, IL
According to HUD data as of 2023, there were 170 mortgage originations in Rochester, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Rochester, IL. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Rochester, IL
Rochester, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 32.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,180 |
| 2 Bedroom | N/A | N/A | $1,450 |
| 3 Bedroom | N/A | N/A | $1,960 |
| 4 Bedroom | N/A | N/A | $2,000 |
Affordability — Rochester, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $286,000 |
| Median Household Income | $112,000 |