Monroe County, New York Housing Market Prices
Monroe County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 66% below the New York median$159,902
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Median rent 28% below the New York median$1,172
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,902 | $471,885 | $248,835 |
| Price Trend (Annual %) | 5.2% | 7.1% | 7.5% |
| Median Gross Rent | $1,172 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 66% lower than in New York. Rent is about 28% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Monroe County, up about 5.2% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 41.9% between 2015 and 2024, from $826 to $1,172. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 11.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Monroe County. The price-to-rent ratio in New York is about 24.3.
| Metric | Monroe County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,902 | $471,885 | $248,835 |
| Median Household Income | $76,570 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.1 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 37.2%, while median household income rose about 44.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Monroe County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.7% | 48.8% | 58.5% |
| Rental Rate | 34.1% | 41.1% | 31.2% |
| Vacancy Rate | 6.2% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Monroe County has a homeownership rate of 59.7%, higher than the New York average of 48.8%. Its housing vacancy rate is 6.2%, compared with 10.1% in New York.
Housing Stock
| Metric | Monroe County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1965 | 1960 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Monroe County was built around 1965. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Monroe County, NY Housing Compared With Nearby Counties
Monroe County, NY is the largest of the 6 counties compared here, 753,564 residents against a local median of 61,495. Monroe County, NY's median home price, at $159,902, runs 92% above the $83,371 typical of the counties around it.
Median rent tells the same story from another angle: $1,172 against a local median of $931, 26% above it. The one measure here that carries a verdict is homeownership, and at 17% below the local median it puts Monroe County, NY at the weaker end of the local range. The counties themselves spread $176,772 on median home price, so Monroe County, NY sits at one end of an already wide local range rather than apart from it. Monroe County, NY has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, NY | 753,564 | $159,902 #2/6 | $1,172 #1/6 | 63.7% #6/6 |
| Orleans County, NY | 39,608 | $251,667 | $873 | 77.2% |
| Livingston County, NY | 61,495 | $83,371 | $931 | 76.3% |
| Ontario County, NY | 112,625 | $133,854 | $1,149 | 73.7% |
| Genesee County, NY | 57,790 | $74,894 | $929 | 73.8% |
| Wayne County, NY | 90,929 | $77,413 | $937 | 79.9% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, New York.
What is the median home price in Monroe County, New York?
The median home price in Monroe County, New York is $159,902, lower than the New York average of $471,885.
What is the average home price in Monroe County, New York?
The typical home price in Monroe County, New York, reported as the median sale price, is $159,902. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Monroe County, New York?
The median gross rent in Monroe County, New York is $1,172 per month, lower than the New York average of $1,621.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, New York was $947 per month.
What is the price-to-rent ratio in Monroe County, New York?
The price-to-rent ratio in Monroe County, New York is about 11.4, meaning it would take roughly 11.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Monroe County.
Are home prices or rent rising faster in Monroe County, New York?
Both home prices and rent are rising in Monroe County, up about 5.2% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, New York?
59.7% of households in Monroe County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Monroe County, New York?
The housing vacancy rate in Monroe County, New York is 6.2%, lower than the New York average of 10.1%.
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