Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$281,279+4.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 8% have cut their price
Income needed to buy, per year$60,975About 0.8× the local median income ($76,591): affordable for a typical household
Days on market31 daysAbout the same pace as a year ago
Next 12 months+4.2%Zillow expects prices to rise strongly
The typical home in Rochester, NY is worth $281,279, up 4.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $229,803, so the area is 22.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 31 days to sell, listings are up 12% from a year ago, 8% of listings have had a price cut. Zillow expects prices to rise about 4.2% over the next year. A household needs about $60,975 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,591. Typical rent is $1,532 a month, or $2,134 for a house. In the latest IRS figures, 2,847 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$281,279
Change in 1 year
+4.9%
Overvalued %
+22.4%
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Fair home value
$229,803
Change in 5 years
+40.4%
Zillow forecast, next 12 months
+4.2%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,524
Income needed to afford it
$60,975
Property tax rate
2.52%
Rent and investing
Typical rent
$1,532
Typical rent for houses
$2,134
Price-to-rent ratio
15.3×
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HUD Fair Market Rent, 2 bedrooms
$1,416
Gross rental yield
6.53%
Cap rate (estimate)
4.25%
Market activity
Listings vs a year ago
+12.5%
Days on market
31
Listings with a price cut
8.2%
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Homes for sale
1,313
Pending sales per 100 listings
164
Asking price per sq ft
$175
People and jobs
Median household income
$76,591
Population change (1 year)
+0.1%
Unemployment rate
4.7%
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Population
1,056,149
Income adjusted for cost of living
$78,960
Net moves in (IRS)
−2,847
Cost of living (US = 100)
97.0
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
82.3
Unhealthy air days a year
6
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Flood risk score
89.2
Wildfire risk score
42.6
Walkability (1 to 20)
9.3
Road, rail and air noise
53 dB
Questions people ask
Is Rochester, NY overvalued?
Home prices in Rochester, NY are well above what local incomes have historically supported: fair value is about $229,803, so the area is 22.4% overvalued.
Is Rochester, NY a buyer's or seller's market?
Rochester, NY is a balanced market, leaning toward sellers: homes take about 31 days to sell, listings are up 12% from a year ago, 8% of listings have had a price cut.
Are home prices going down in Rochester, NY?
Home values in Rochester, NY are up 4.9% over the last year. Zillow's forecast for the next 12 months is +4.2%.
How much do you need to earn to buy a home in Rochester, NY?
A household needs about $60,975 a year to afford the typical home in Rochester, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,591.