Rochester, NY
Monroe County · Pop. 211,328
Ranked #41 of 243 cities
54Moderate
Median Home Price
🏠$160K
5.0% YoY
Median Rent
🔑$1,050
3.0% YoY
Median Income
💰$38K
Rent Burden
📊33.5%
% of income to rent
Income to Buy
🏦$46K
annual income needed
Income to Rent
📝$42K
annual income needed
Price-to-Income
⚖️4.2x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$852/mo
Est. mortgage (7%, 20% down)
Need $46K/yr income
Rent
$1,050/mo
Median rent
Need $42K/yr income
How Rochester Compares
| Metric | Rochester | New York | National |
|---|---|---|---|
| Home Price | $160K | $420K | $410K |
| Rent | $1,050 | $1,561 | $1,500 |
| Income | $38K | $82K | $75K |
| Rent Burden | 33.5% | 39.5% | 30.0% |
Key Takeaways
- • Home prices in Rochester are 61% lower than the national average.
- • Rent is 30% lower than the national average.
- • You need an income of $46K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.