Home Values in Rochester, New York — 2026 Market Report
Updated March 2026 | Buyer's Market | +2.1% YoY
The median home value in Rochester, New York is $135,000 as of March 2026, which is below the national median of $400,000. Home values in Rochester have increased by 2.1% over the past year and 11% over the last five years. With a population of 211,328 and a median household income of $38,225, the price-to-income ratio stands at 3.5x, making Rochester affordable for the average household.
Rochester Housing Market Conditions
| Metric | Rochester | National Avg |
|---|---|---|
| Median Home Value | $135,000 | $400,000 |
| YoY Appreciation | +2.1% | +3.8% |
| 5-Year Appreciation | +11% | +22.4% |
| Price per Sq Ft | $79 | $222 |
| Days on Market | 63 days | 45 days |
| Months of Supply | 5 | 3.5 |
| List-to-Sale Ratio | 96.6% | 98.5% |
| Monthly Homes Sold | 188 | — |
| Foreclosure Rate | 0.71% | 0.3% |
Home Value Trends in Rochester
A homeowner who purchased at the median price of $121,622 five years ago in Rochester would have gained approximately $13,378 in equity, representing a 11% return on investment. Over the past year alone, the typical homeowner gained $2,777 in home equity.
Affordability in Rochester, NY
With a median household income of $38,225 and a median home price of $135,000, the price-to-income ratio in Rochester is 3.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $829 compared to estimated monthly ownership costs of $831 gives a rent-vs-buy ratio of 1.00. In Rochester, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Rochester
The effective property tax rate in New York is 1.69%. On a home valued at $135,000, the estimated annual property tax bill is $2,282, or approximately $190/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Rochester is 88.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Rochester, NY?
The median home value in Rochester, New York is $135,000 as of March 2026. Home values have changed +2.1% over the past year, with a 5-year appreciation of 11%.
Is Rochester a buyer's or seller's market?
Rochester is currently a buyer's market with 5 months of housing supply. Homes spend an average of 63 days on market, and the list-to-sale price ratio is 96.6%. Supply and demand are relatively balanced.
Are home values going up in Rochester?
Yes, home values in Rochester have increased by 2.1% over the past year. The 5-year appreciation rate is 11%, meaning a home worth $121,622 five years ago is now worth $135,000.
Is it better to rent or buy in Rochester?
The average monthly rent in Rochester is $829, while estimated monthly homeownership costs are approximately $831. The price-to-rent ratio is 13.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other New York Cities
Related Resources
Disclaimer: Home value data for Rochester, New York is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.