Rochester Real Estate Market Overview
Average Monthly Rent:
$1,058
Percentage Change in Home Price/Value:
4.30%
Median Home Value:
$157,364
Best Time To Sell Home:
August
Affordability Index:
High
Days To Sell House:
69.54
Job Market:
Weak
Public School Ranking:
24
Selling a House in Rochester
The average number of days it takes to sell a house in Rochester is 69.54, and the median home value is $157,364. The month of August is the suggested time to sell a home in this city, and as a homeowner, you have a couple of different options. You could use a real estate agent, you could be a FSBO (for sale by owner), or you could use an iBuyer. iBuyers are recommended to homeowners interested in managing a quick home sale. iBuyers will give you an offer for your home instantly, and will even handle repairs and showings. This means no realtor fees, no hassle, and no time-consuming responsibilities.
Location and Weather
Rochester is in western New York, located on the southern shore of Lake Ontario. The Genesee River runs through the city, which is around 73 miles northeast of Buffalo and 87 miles west of Syracuse. Rochester is in the Finger lakes wine country, offering more than 100 wineries in the region. With over 12,000 acres of parks, the Seneca Park Zoo, The Strong - National Museum of Play, and the Rochester Museum & Science Center, Rochester is also a suitable place for family entertainment.
In Rochester, the summers are warm and partly cloudy, while the winters are freezing and dry. Summer temperatures in the 70’s, with lows in the 60’s. The winter temperatures are in the 30’s, with lows in the teens.
Population, Job Market and Cost of Living
Rochester’s population in 2019 was 209,463, with a growth rate of 15%. The job growth has increased by 0.81% over the last year and in ten years, is predicted to have increased by 20.36%. The major industries are healthcare, social assistance, retail trade and manufacturing. The largest companies to work for are Wegmans Food Markets, Bausch + Lomb, University of Rochester, Global Crossing North America and Monro. The cost of living is low, due to the Rochester real estate market and cost of available housing.
With a scenic setting on one of the Great Lakes, consistent population growth and job growth, Rochester is a city attracting those looking to live or work in New York.
