HomeMinnesotaOlmsted CountyRochester city
Rochester city, Minnesota: commercial real estate data.
Rochester city is a Census city of 122,330 people across 56.67 square miles of land, in Olmsted County. Median household income is $89,389, 65.1 percent of occupied homes are owned, and the SBA record carries 96 7(a) approvals to borrowers here worth $60.3 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Rochester
What Rochester is
- Census place typecity
- Land area56.67 sq mi
- Water area0.34 sq mi
- Population per square mile of land2,159
- County holding the largest share of its areaOlmsted County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rochester
How many people live in Rochester
- Population122,330
- Median age36.3
- Population under 1828,482
- Share under 1823.3 percent
- Population 65 and over19,980
- Share 65 and over16.3 percent
- Households51,131
- Family households29,437
- Share of households that are families57.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rochester
Income and work in Rochester
- Median household income$89,389
- Per capita income$52,671
- Civilian labor force68,144
- Employed65,603
- Unemployed2,541
- Unemployment rate3.7 percent
- Adults 25 and over83,224
- Adults 25 and over with a high school diploma or higher94.7 percent
- Adults 25 and over with a bachelor degree or higher50.9 percent
- Adults 25 and over with a graduate degree22.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rochester
Housing in Rochester
- Housing units54,492
- Occupied units51,131
- Vacant units3,361
- Vacancy rate6.2 percent
- Owner occupied33,270
- Renter occupied17,861
- Ownership rate65.1 percent
- Median owner-occupied home value$310,500
- Median gross rent, monthly$1,399
- Annual rent as a share of median income18.8 percent
- Single family units36,701
- Share single family67.4 percent
- Units in buildings of two or more16,865
- Share in buildings of two or more30.9 percent
- Mobile homes845 plus or minus 256
- Median year structure built1989
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rochester
How Rochester gets to work
- Workers 16 and over who commute54,862
- Commuting under 15 minutes25,905
- Share commuting under 15 minutes47.2 percent
- Commuting 30 minutes or more7,064
- Share commuting 30 minutes or more12.9 percent
- Drove alone64.8 percent
- Carpooled10.2 percent
- Public transport3.7 percent
- Walked4.5 percent
- Worked from home14.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rochester
SBA loans in Rochester (7(a))
- Approvals96
- Gross approval$60,274,700
- Average approval$627,861
- Median approval$340,000
- Ninetieth percentile approval$1,946,300
- Largest approval$4,150,000
- Jobs supported1,673
- Jobs per approval17.4
- Loans with a final outcome30
- Paid in full24
- Charged off6
- Charge-off rate over resolved loans20.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more9.4 percent
- Share to franchises17.7 percent
- Distinct lenders34
- Distinct industries by NAICS52
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Rochester
SBA loans in Rochester (504)
- Approvals70
- Gross approval$47,952,000
- Average approval$685,029
- Median approval$475,000
- Largest approval$2,746,000
- Jobs supported663
- Loans with a final outcome23
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs6
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Olmsted County, not Rochester
Olmsted County context, not Rochester figures
These are Olmsted County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Rochester measurements.
- Establishments in Olmsted County3,754
- Employment at those establishments, Olmsted County107,285
- Covered employment, Olmsted County103,905
- Average annual pay, Olmsted County$79,579
- Average weekly wage, Olmsted County$1,530
- Housing units permitted, Olmsted County1,239
- Of those, single family, Olmsted County314
- County product, 2024, Olmsted County$15,729,002,000
- County product change over the prior year, Olmsted County6.2 percent
- Average income of an arriving household, Olmsted County$67,588
Every figure in this section is published for Olmsted County as a whole and is not a measurement of Rochester. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Rochester questions, answered from the record.
How many people live in Rochester, Minnesota?
122,330, in 51,131 households. Rochester city covers 56.67 square miles of land, which is 2,159 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Rochester in?
Olmsted County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Rochester?
$89,389. The median owner-occupied home is valued at $310,500. Median gross rent is $1,399 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Rochester businesses?
96 7(a) approvals totalling $60.3 m, across 34 lenders, median approval $340,000, plus 70 504 approvals worth $48.0 m. These count approvals to borrowers whose address is in Rochester, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Rochester borrowers get paid back?
Of the 30 loans that have reached a final outcome, 24 were paid in full and 6 charged off, a charge off rate of 20.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Rochester figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Olmsted County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Rochester.
Is zoning published for Rochester?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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