Is Rochester, Minnesota a Good Place to Own Rental Property? Businesses like Mayo Clinic create strong housing demand. This is Rochester’s best competitive advantage. Mayo Clinic represents roughly 40% of jobs in Olmsted County. Mayo’s Bold Forward expansion is expected to continue through 2030 and includes around a $5 billion investment. This will bring in many new employees, construction workers, students, patients, and visiting professionals to our area each year. Based on Rochester housing studies, it is estimated that we will need approximately 5,124 more rental units through 2035.
The Minnesota Department of Transportation is preparing its fleet for winter weather as a super El Niño is expected to bring warmer-than-average temperatures.