Foreclosure Homes in Rochester, NY 14620

Current Market Conditions in Rochester, NY

The Rochester real estate market is currently characterized by a steady increase in home values and a growing demand for rental properties. Investors are increasingly attracted to the area due to its low median home prices, making it an ideal location for those looking to enter the housing market with a lower initial investment.

Additionally, the city’s population has shown signs of growth, which is anticipated to continue as more businesses establish themselves in the region. This trend contributes to a promising outlook for appreciation in property values, making Rochester a compelling option for real estate investors.

Rent Prices In Rochester, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rochester, NY, is on a rollercoaster ride. The average rent price in Rochester, NY, is $1,435.00. Indeed, when looking to rent in Rochester, NY, you can expect to pay as little as $600.00 or as much as $3,880.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Rochester, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.