Rochester, New York Housing Market Prices
Rochester 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 70% below the New York median$143,577
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Median rent 33% below the New York median$1,081
Housing Market Overview
| Metric | Rochester | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,577 | $471,885 | $248,835 |
| Price Trend (Annual %) | 10.9% | 7.1% | 7.5% |
| Median Gross Rent | $1,081 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rochester is about 70% lower than in New York. Rent is about 33% 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 Rochester, up about 10.9% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Rochester rose about 40.5% between 2015 and 2024, from $769 to $1,081. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Rochester.
Buying the median-priced home in Rochester costs roughly 11.1 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 Rochester. The price-to-rent ratio in New York is about 24.3.
| Metric | Rochester | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,577 | $471,885 | $248,835 |
| Median Household Income | $47,174 | $86,556 | $80,455 |
| Price-to-Income Ratio | 3.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rochester rose about 100.7%, while median household income rose about 48.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rochester | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 34.1% | 48.8% | 58.5% |
| Rental Rate | 55.2% | 41.1% | 31.2% |
| Vacancy Rate | 10.7% | 10.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
Rochester has a homeownership rate of 34.1%, lower than the New York average of 48.8%. Its housing vacancy rate is 10.7%, compared with 10.1% in New York.
Housing Stock
| Metric | Rochester | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1947 | 1960 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in Rochester was built around 1947. On average, 2.1 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Rochester, NY Housing Compared With Nearby Cities
How Rochester, NY compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rochester, NY | 208,823 | $143,577 #3/3 | $1,081 #3/3 | 38.2% #3/3 |
| Brighton, NY | 36,809 | $338,022 | $1,350 | 56.4% |
| Irondequoit, NY | 50,494 | $143,662 | $1,160 | 78.9% |
Frequently Asked Questions
Common questions about the housing market in Rochester, New York.
What is the median home price in Rochester, New York?
The median home price in Rochester, New York is $143,577, lower than the New York average of $471,885.
What is the average home price in Rochester, New York?
The typical home price in Rochester, New York, reported as the median sale price, is $143,577. 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 Rochester, New York?
The median gross rent in Rochester, New York is $1,081 per month, lower than the New York average of $1,621.
What was the median gross rent in Rochester in 2020?
In 2020, the median gross rent in Rochester, New York was $874 per month.
What is the price-to-rent ratio in Rochester, New York?
The price-to-rent ratio in Rochester, New York is about 11.1, meaning it would take roughly 11.1 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 Rochester.
Are home prices or rent rising faster in Rochester, New York?
Both home prices and rent are rising in Rochester, up about 10.9% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rochester, New York?
34.1% of households in Rochester, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Rochester, New York?
The housing vacancy rate in Rochester, New York is 10.7%, higher than the New York average of 10.1%.
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