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Rochester real estate market overview
- Average Monthly Rent: $1,305
- Home Price/Value Percentage Change: 0.00%
- Median Home Value: $191,963
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 50
- Job Market: Weak
- Public School Ranking: 17
Location and weather
The lakeside city of Rochester is beautifully located in the Finger Lakes Region of New York. Rochester is the seat of Monroe County, in the north-western region of New York. This small-town city has access to big city amenities, which is one of the benefits of living in this particular area of New York. While Rochester might be a popular tourist destination, it's also a great place for future residents looking for a city with unique history, scenic out-door attractions, impressive restaurants, quality housing, and top-rated schools.
Like many cities in New York, Rochester's winters are freezing, snowy, and windy but summers can get as warm as mid-80 degrees. Overall, the city is typically cloudy year-round.
Population, job market and cost of living
Rochester population in 2023 is 211,556, with a growth rate of 0.04% annually.
The job growth has decreased by -5.2% 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, Rochester Regional Health, Paychex and Career Start.
The cost of living is moderate, 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.
Rochester real estate market details
- 19th Ward
- Maplewood
- Edgerton
- Lyell-Otis
- 14621 Community
The average monthly rent in Rochester is $1,305 for an average apartment size of 889 sq. feet.
There has been a 0.0% change in median home value over the last year. As of 2023, the median home value is $191,963.
On average, homes in Rochester sell after 50 days on the market.
In August, homes sell for the most amount of money. In July, homes sell the quickest.
The affordability index in Rochester is 83. This number indicates moderate affordability in this city.
The top ranked public schools are Brighton High School, Eastridge Senior High School, Rochester Academy Charter School, Allen Creek School and Vertus Charter School. This information is based on general educator statistics, school attendance, and the US Department of Education.