Mill Race, Rochester, MN
Mill Race — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Mill Race, Rochester, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Mill Race Neighborhood Overview
Mill Race is a residential neighborhood in Rochester, Minnesota, known for its connection to the city's historic milling industry. The area offers a quiet, community-focused atmosphere within the 55901 ZIP code. Its location provides residents with a blend of suburban tranquility and convenient access to Rochester's urban amenities.
Lifestyle & Amenities
Residents enjoy proximity to the Zumbro River and associated parkland, which provides scenic walking and biking paths. The neighborhood is just minutes from downtown Rochester, granting easy access to shopping, dining, and cultural venues. This balance of natural space and city convenience defines the daily lifestyle in Mill Race.
Real Estate Market
The real estate in Mill Race primarily consists of single-family homes that reflect its established character. According to U.S. Census data, the median home value in the area is $270,300. This positions the neighborhood as an accessible market within the broader Rochester area.
Schools & Education
Families in Mill Race are served by the highly regarded Rochester Public Schools district. Specific school assignments depend on the exact location within the neighborhood. The area's strong educational system is a key draw for households with children.
Transportation & Connectivity
The neighborhood is well-connected by major roads like Civic Center Drive NW and 2nd Street NW, facilitating quick commutes. Public bus service through Rochester Public Transit provides additional options for getting around the city. Its central location makes reaching the Mayo Clinic campus and other major employers straightforward.
Why Choose Mill Race
Mill Race appeals to those seeking a stable, established community with a median household income of $85,890. It is ideal for residents who value riverfront green space while wanting to be close to the heart of Rochester. The neighborhood represents a practical and pleasant choice for professionals, families, and retirees alike.
Mill Race Market Data
| Metric | Value |
|---|---|
| Median Home Price | $270K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $86K |
| Homeownership Rate | 64.3% |
| Renter-Occupied | 35.7% |
| Rental Vacancy Rate | 6.5% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 55901 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Mill Race, Rochester
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Mill Race, Rochester, MN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12