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These days, finding an affordable place to live in the Rochester area can be challenging. Home prices in Rochester are now at a median cost of $214,658, lower than the New York average of $610,895.
The average cost of rent is $1,225/mo in Rochester, primarily driven by the current value of real estate in the Rochester area. In Rochester, 32.67% of households rent, and 40.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rochester is $7,085 per month. Households that rent pay about 17.30% of their income on rent here. Rochester’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Gates, NY: less expensive homes
- Irondequoit, NY: less expensive homes
- Greece, NY: less expensive homes
- Brighton, NY: higher priced homes
- South Greece, NY: higher priced homes
- Spencerport, NY: equally priced homes
- East Rochester, NY: equally priced homes
- Henrietta, NY: equally priced homes
- Parma Corners, NY: equally priced homes
- West Henrietta, NY: higher priced homes
Cities with Similar Populations
- Indianapolis, IN: higher priced homes
- Jackson, MI: less expensive homes
- Kansas City, KS: less expensive homes
- Joliet, IL: equally priced homes
- Kansas City, MO: higher priced homes
- Jupiter, FL: higher priced homes
- Indio, CA: higher priced homes
- Katy, TX: higher priced homes
- Huntington Park, CA: higher priced homes
- Hoover, AL: higher priced homes
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