POPULATION
Population (2006): 96,975
Male: 49.2%
Female: 50.8%
Households: 39,177
Population Density (per square mile): 892.4
AGE
24.6% Under 18 years
9.0% 18-24 years
15.5% 25-34 years
14.5% 35-44 years
15.3% 45-54 years
8.9% 55-64 years
12.1% 65 years and over
Median Age: 35.3 years
RACIAL MAKEUP
85.5% White
5.3% Black or African American
6.8% Asian
1.5% Multiracial (2 or more races)
0.7% Other races
3.7% Hispanic
INCOME
Number of Households: 39,177
Average household size: 2.4
Average salary $43,444
Median household income $58,096
Median family income: $72,015
Unemployment rate: 4.2%
EDUCATION
Population 25 years and over:
12th grade or less, no diploma 7.2%
High school graduate 22%
Some college, no degree 20.5%
Associate's degree 12.2%
Bachelor's degree 22.6%
Graduate or professional degree 15.5%
HOUSING
Number of housing units: 41,925
Median value of a home $159,200
Owner-occupied homes 72.9%
Renter-occupied homes 27.1%
Vacant housing 6.6%
Median monthly rent $666
QUALITY OF LIFE Health
Population with health plan 94.8%
Average Body Mass Index of residents: 27
Number of Elder-care facilities: 17
Crime Rate
Personal crime incidents (per 1,000): 3
Property crime incidents (per 1,000): 26
Commute
Median commute time: 12.4 minutes
Population who walk or bike to work 5.7%
Source: U.S Census Bureau 2006 Population Estimates, Census 2000, 1990 Census.
Scott Finley Broker Associate serving all of South East Minnesota. Scott has been providing Full Service Real Estate for over 27 years. Follow current Market conditions for Rochester, MN and surrounding communities.
Saturday, January 17, 2009
SHOVEL SNOW FOR ELDERLY NEIGHBORS
How to Make a Difference in a Few Hours!!
Snow shoveling can be hazardous to the health of senior citizens.
The average weight of snow on a shovel is 16 pounds. For a typical path, sidewalk, and driveway, multiply 16 pounds by 50 or 100 shovels full. It's quite startling to calculate the amount of weight lifting involved in "routine" snow shoveling.
For an elderly neighbor, injury can result from the lifting and twisting involved in shoveling snow. Worse, heart attacks can occur from over exertion, especially for an elderly person.
Extra strain is added on the body from cold air, which makes it more difficult to breathe and move. Icy conditions also promote the chance of falling and injury to an elderly neighbor who may not walk as stably as you.
Despite these considerable dangers, an elderly neighbor might risk shoveling snow due to fear of entrapment, worried that they could not get out of their home, or that someone could not get to them. Financial constraints may discourage an elderly person on a fixed income from calling someone to plow and shovel snow for them, or from purchasing a snow blower.
If you shovel snow for elderly neighbors, they are likely to be very thankful for your kindness. If they are not home, you may consider leaving a note. While this is a wonderful random act of kindness, you may also be saving a life. You might even be offered a tasty cup of hot chocolate from a grateful neighbor.
Make sure that you are in good physical condition for snow shoveling. You may be at increased risk of heart attack while shoveling snow if you have a history of smoking, heart trouble, other health problems, or just a sedentary lifestyle. Be careful not to over exert yourself, by resting for a few minutes every now and then.
Next, consider who is elderly in your neighborhood. If you don't know, ask a neighbor. That conversation might inspire your neighbor to join you.
Shoveling walks and driveways is a great opportunity to help the elderly, as well as get to know them better. Rarely would anyone refuse your offer to shovel snow for them, but if there is a concern, simply introduce yourself and explain that you're a neighbor who wants to help. Or, seek an introduction from a mutual friend.
A Tip to Help You Help Them: By applying liquid floor wax on the shovel, friction is greatly reduced. Snow doesn't stick to the shovel, making the work lighter.
Snow shoveling can be hazardous to the health of senior citizens.
The average weight of snow on a shovel is 16 pounds. For a typical path, sidewalk, and driveway, multiply 16 pounds by 50 or 100 shovels full. It's quite startling to calculate the amount of weight lifting involved in "routine" snow shoveling.
For an elderly neighbor, injury can result from the lifting and twisting involved in shoveling snow. Worse, heart attacks can occur from over exertion, especially for an elderly person.
Extra strain is added on the body from cold air, which makes it more difficult to breathe and move. Icy conditions also promote the chance of falling and injury to an elderly neighbor who may not walk as stably as you.
Despite these considerable dangers, an elderly neighbor might risk shoveling snow due to fear of entrapment, worried that they could not get out of their home, or that someone could not get to them. Financial constraints may discourage an elderly person on a fixed income from calling someone to plow and shovel snow for them, or from purchasing a snow blower.
If you shovel snow for elderly neighbors, they are likely to be very thankful for your kindness. If they are not home, you may consider leaving a note. While this is a wonderful random act of kindness, you may also be saving a life. You might even be offered a tasty cup of hot chocolate from a grateful neighbor.
Make sure that you are in good physical condition for snow shoveling. You may be at increased risk of heart attack while shoveling snow if you have a history of smoking, heart trouble, other health problems, or just a sedentary lifestyle. Be careful not to over exert yourself, by resting for a few minutes every now and then.
Next, consider who is elderly in your neighborhood. If you don't know, ask a neighbor. That conversation might inspire your neighbor to join you.
Shoveling walks and driveways is a great opportunity to help the elderly, as well as get to know them better. Rarely would anyone refuse your offer to shovel snow for them, but if there is a concern, simply introduce yourself and explain that you're a neighbor who wants to help. Or, seek an introduction from a mutual friend.
A Tip to Help You Help Them: By applying liquid floor wax on the shovel, friction is greatly reduced. Snow doesn't stick to the shovel, making the work lighter.
Shoveling the sidewalk is no one’s favorite job but the City of Rochester is giving us a bit of extra incentive to get the task done sooner than later. When home owners fail to remove snow and ice from their sidewalks, the city has done the job for them. The cost has been just $15 per occasion, somewhat of a deal! However, the city council recently voted to substantially increase the fees. First time residential offenders will be charged $30. The second offense will be $60 and the third offense a whopping $120.
Hopefully homeowners will promptly remove snow and ice themselves. Be neighborly if you can and offer to help your elder neighbors with their snow removal. Remember to arrange for snow removal services if you plan to be out of town for an extended period of time. If you need assistance, we are happy to arrange this service. Remember, shoveling snow is great exercise too, but for those who may not be in good physical condition. Here is some good advise. watch video on proper way to shovel snow. http//www.cbsnews.com/video/watch/?id=591607n
Hopefully homeowners will promptly remove snow and ice themselves. Be neighborly if you can and offer to help your elder neighbors with their snow removal. Remember to arrange for snow removal services if you plan to be out of town for an extended period of time. If you need assistance, we are happy to arrange this service. Remember, shoveling snow is great exercise too, but for those who may not be in good physical condition. Here is some good advise. watch video on proper way to shovel snow. http//www.cbsnews.com/video/watch/?id=591607n
Friday, January 16, 2009
Would Rochester Be a Good Place to Invest in Your First Piece of Real Estate?
View Rochester MN Real Estate Listings. You can modify the search to see all types of listings. Data is obtained from the SouthEast Minnesota Association of REALTORS. Please call me for more comprehensive listing information and sales data at (507) 280-8000. Do you have special needs? Ask for a personalized dataset of Rochester MN MLS listings.
Would Rochester Be a Good Place to Invest in Your First Piece of Real Estate?
Named “Best Small City” in America by Money Magazine, Rochester has received similar accolades from other prestigious national publications. Small wonder! The city offers a clean environment, excellent municipal services, and a school system with a great reputation. The economy? Well, consider this: Rochester is home to the Mayo Clinic, which provides the majority of jobs for the residents. Countless numbers of people from all over the world have been treated here. They keep coming in mulitudes. On top of that, the city is home to the largest IBM complex under one roof. Will the economy continue to grow? No one really has a crystal ball, so I can’t make an iron-clad forecast. But I would bet money on the future of Rochester Minnesota.
Taking all of that into consideration, the smart money will be invested in Rochester MN real estate. After all, that’s what your landlord did. Actually, your rent is paying for his housing. You are paying for the profits on his investment. That’s probably what you will be thinking about when you grit your teeth and write that next rent check. Why not invest in your own piece of Rochester MN real estate instead of your landlord’s property? Maybe you can’t afford your dream home right now. But if you want one in the future, get into a Rochester MN starter home now. That’s probably what all those luxury home owners did a few years ago.
The net cost of ownership is probably less than what you pay now, considering the tax benefits and equity gains. There are plenty of excellent starter homes out there on the Rochester MN MLS. You can get everything from major fixer-uppers to some that are in excellent shape.
Isn’t it time to kiss your landlord goodbye?
Call me for more information on Rochester MN real estate.
(507) 280-8000
Would Rochester Be a Good Place to Invest in Your First Piece of Real Estate?
Named “Best Small City” in America by Money Magazine, Rochester has received similar accolades from other prestigious national publications. Small wonder! The city offers a clean environment, excellent municipal services, and a school system with a great reputation. The economy? Well, consider this: Rochester is home to the Mayo Clinic, which provides the majority of jobs for the residents. Countless numbers of people from all over the world have been treated here. They keep coming in mulitudes. On top of that, the city is home to the largest IBM complex under one roof. Will the economy continue to grow? No one really has a crystal ball, so I can’t make an iron-clad forecast. But I would bet money on the future of Rochester Minnesota.
Taking all of that into consideration, the smart money will be invested in Rochester MN real estate. After all, that’s what your landlord did. Actually, your rent is paying for his housing. You are paying for the profits on his investment. That’s probably what you will be thinking about when you grit your teeth and write that next rent check. Why not invest in your own piece of Rochester MN real estate instead of your landlord’s property? Maybe you can’t afford your dream home right now. But if you want one in the future, get into a Rochester MN starter home now. That’s probably what all those luxury home owners did a few years ago.
The net cost of ownership is probably less than what you pay now, considering the tax benefits and equity gains. There are plenty of excellent starter homes out there on the Rochester MN MLS. You can get everything from major fixer-uppers to some that are in excellent shape.
Isn’t it time to kiss your landlord goodbye?
Call me for more information on Rochester MN real estate.
(507) 280-8000
Thursday, January 15, 2009
January 12, 2009 Rochester, MN Market Update
There are currently 800 residential properties for sale in Rochester, Minnesota with an average list price of $223,072 (median $174,900) and average of 185 days on the market.
Last week (January 5-11, 2009) there were 816 residential properties for sale. Average list price was $224,025 (median $174,900) and average market time was 183 days.
There were 30 new listings last week with an average list price of $218,158 (median $177,000). Twenty-three listings came back on the market; average list price for these properties was $261,795 (median $179,900) and average market time was 209 days.
The average list price of the 25 homes that went to pending (under contract) last week was $151,423 ($150,900). These properties had an average of 112 days on the market.
Nine homes sold (closed). The average sold price of $145,288 (median $118,000) was 97.52% of the list price (average $148,988/median $110,000), 93.81% of the original asking price. Average market time to sold was 128 days.
Three listings were withdrawn, 7 canceled, 7 expired, and 30 listings were extended.
Wednesday, January 14, 2009
Rochester MN 2008 Year End Stats
Here are the final numbers from the Southeast Minnesota Multiple Listing Service. The market saw a 15.3% decrease in overall single family sales in Rochester down from 1,792 in 2007 to 1,547 for 2008. Despite the lagging sales, prices held up much better then the rest of the country. The median sale price was down from $172,500 in 2007 to $169,900 in 2008 or a decrease of 1.5%. The average sales price was down 2.8% in 2008 with the average sales price in 2007 of $207,065 to an average sales price of $201,233 in 2008. How does it look for 2009? Currently the average listing price is down over 3% from this time last year. Inventory levels are showing signs of stabilizing which will help stem the equity losses the market has been seeing the past two years. The unknown factor is how the upcoming foreclosures will affect the prices of the market. Stay tuned for more updates throughout the year.
Rochester, MN Market Conditions Week January 5-11
There are currently 800 residential properties for sale in Rochester, Minnesota with an average list price of $223,072 (median $174,900) and average of 185 days on the market.
Last week (January 5-11, 2009) there were 816 residential properties for sale. Average list price was $224,025 (median $174,900) and average market time was 183 days.
There were 30 new listings last week with an average list price of $218,158 (median $177,000). Twenty-three listings came back on the market; average list price for these properties was $261,795 (median $179,900) and average market time was 209 days.
The average list price of the 25 homes that went to pending (under contract) last week was $151,423 ($150,900). These properties had an average of 112 days on the market.
Nine homes sold (closed). The average sold price of $145,288 (median $118,000) was 97.52% of the list price (average $148,988/median $110,000), 93.81% of the original asking price. Average market time to sold was 128 days.
Three listings were withdrawn, 7 canceled, 7 expired, and 30 listings were extended.
Subscribe to:
Posts (Atom)