Real Estate in Rochester
Things to do
Real Estate in Rochester, Minnesota
Rochester is one of the largest cities in the Upper Midwest region. Home to a wide range of attractions, Rochester is a thriving city with over 100,000 residents. This beautiful city has been on multiple occasions rated one of the best to live in the United States. With access to great amenities, the city is a great destination for those looking to enjoy the exciting outdoors.
Distinguished by its spirit of innovation, the culture of caring, and captivating history, the city is renowned for its scenic beauty and abundant amenities. While here, you will have plenty of shopping, dining, and entertainment options. All these great amenities make real estate in Rochester, Minnesota, a great investment. Its thriving local economy also makes it a top attraction in Minnesota.
History of Rochester
History of Rochester
The city of Rochester was established by white settlers migrating from the eastern parts of the United States. The land that Rochester currently occupies belonged to the Wahpeton tribe who were part of an establishment known as Oceti Sakowin. Rochester's strategic location contributed to its early development. It was a stagecoach between Minnesota, Saint Paul, and Dubuque, near the Zumbro River. George Head and his wife Henrietta founded the Rochester community by becoming the earliest permanent settlers. He built a log cabin named Head's Tavern in 1854 and named the area after his hometown of Rochester, New York. This explains why there are two cities named Rochester in the United States. The city's early development was based on its strategic location near some of the major urban areas in Minnesota. When St Peter and Winona Railroad initiated service in October 1864, it triggered a major population increase in Rochester. Many people moved into the city looking for jobs and better living conditions. As a result, real estate in Rochester, Minnesota, experienced a drastic surge, with developers building the earliest residential apartments in the city. With a booming economy, Rochester became one of the transport and logistics hubs in the state. Even though the city suffered a significant economic drop during the Great Depression, it recovered in the 1980s, thanks to the efforts of the state government. Today, it remains a top economic hub in the Upper Midwest region.
Things to do in Rochester
Things to do in Rochester
Being one of the most established cities in Minnesota, there is a lot to see and do in Rochester. One of the great attractions in the city is the Plummer Building. Opened in 1928, the building is now an iconic symbol of the famous Mayo Clinic. It is also a National Historic Landmark, making it one of the top attractions in the city. It is named after Henry S. Plummer who designed it and helped create procedures and systems still in use at the clinic. Dr. Plummer wanted the clinic to be as efficient as the building is pleasant to the eye. On the building's third floor, you will find the offices of Dr. Will and Dr. Charlie Mayo. These were the founders of Mayo Clinic.
Another great place to visit is the Quarry Hill Nature Center. The facility offers visitors a great place to observe live animals, fish, birds, and other living species. There is also a taxidermy collection that will excite tourists. The facility is home to about 35 species of live animals native to Minnesota. You will also be thrilled by the huge aquarium that has about eight varieties of fish.
There are two raptors in the aquarium that give you a spectacular view with routine movements. Kids will love the open playground found within the facility. The facility is also listed on the National Register of Historic Places, making it a major attraction in Minnesota. It is located near residential neighborhoods in the city, making it ideal to invest in Rochester real estate.
The Rochester Art Center is another great place to visit in Rochester. It is a non-collection institution that features local, national, and international artists. It is also a great area to learn about art history in Minnesota and beyond. The availability of various amenities near the art center makes it a great place to visit.
Rochester is located alongside the South Fork of the Zumbro River. Covering over 57 miles long, the river is one of the longest in the region. Rochester is largely surrounded by farmland within a deciduous forest area and ringed by gentle hills. The Zumbro River flows through about 1,422 square miles of urban and agricultural lands. The city lies at the western edge of the Driftless Area. This area was never glaciated and contains deeply-carved river valleys. Besides, the southern part of the city borders a forested area, with locals around here participating in wood farming. Rochester is found in Olmsted County, one of the four counties in the state that don't have a natural lake. However, there are several artificial lakes in the city. A good example is Silver Lake, which is a dammed portion of the Zumbro River.
A good location for real estate should have a sufficient population. It makes no sense to buy houses in areas where the demand for them is low. Rochester ranks as one of the best locations for real estate due to its favorable population. In the 2020 census, the city had a population of 121,737 people, making it one of the most populous in Minnesota. This was a 24% increase from the 87,003 people recorded in 2010. The sharp increase in population means that more people are moving into the city, making it a great area for real estate investment.
There are also about 43,832 households in Rochester, alongside 42,133 families. The city had a housing density of 828.8 per square mile. This means that there is a need to develop more housing units in the city, given its massive area and population. Of all the households in Rochester, 31.4% had children aged under 18 years living there. This is a high number that makes it necessary for real estate developers to consider investing in homes that accommodate children. Married couples, mostly living in apartments, made up 49.6% of the population. Besides, 9% of the households had female householders with no husbands present. There are several housing options in Rochester. Whether you want to invest in townhouses, condos, or standard apartments, Rochester has all of them available.
In terms of economic development, Rochester is one of the most developed in the state. The city is home to some of the major companies in the country, creating plenty of employment opportunities for locals. The most popular company based in Rochester is Mayo Clinic. This company is one of the key pillars of the city's economy. As of 2020, Mayo Clinic employs 42,833 people and attracts over 3 million visitors annually. The clinic has a wide range of amenities including restaurants, hotels, and retail stores, among other facilities. All of these facilities are based in the city's downtown, contributing to Rochester's economic expansion.
Apart from the state government of Minnesota, Mayo Clinic is the largest employer. With the many employment opportunities in the city, those looking for jobs will find Rochester a great place to live. The thriving local economy also increases the value of real estate for sale in Rochester, Minnesota.
Arts in Rochester
Arts in Rochester
Rochester has a lot to offer when it comes to arts and entertainment. One of the most prominent art facilities is the Rochester Art Center found in the city's downtown. Located a walking distance from Mayo Clinic, this facility is known for its great collection of art pieces. It is a unique blend of both informal and formal art spaces and attracts thousands of tourists annually.
If you enjoy art performances, you will love the Rochester Symphony Chorale and Orchestra, which has been in operation since 1919. It is a professional performing arts organization that entertains locals in theaters across the city. The city is also home to the Rochester Public Library located near the Civic Center.
Schools in Rochester
Schools in Rochester
The Rochester Public Schools District is in charge of all public schools in the city. The district enrolls 16,500 students across 24 public schools in Rochester. There are three public high school attendance zones in Rochester: Mayo, John Marshall, and Century. Some of the private schools in the city include Schaefer Academy, Lourdes, and Rochester Central School.
Being one of the most populous cities in Minnesota, Rochester is a great place to live and invest. With a thriving local economy and steady population, real estate in Rochester, Minnesota, is a great investment opportunity. The city offers ideal living conditions thanks to the affordable standards. Whether you are looking to start a family or invest in a business, Rochester is a great location to settle.
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