Affordability evidence
Rochester, NY home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Rochester, NY.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: In Rochester, NY, the 2024 ACS reports a median owner-occupied home value of $139,600, median household income of $47,213, and median selected monthly owner costs of $1,244 for owners with a mortgage. For borrower planning, together, those three reference points can nevertheless help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,244 measure combines recurring ownership expenses rather than real estate taxes alone. A useful affordability review starts with $139,600, $47,213, and $1,244, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Rochester, NY's $139,600 median home-value estimate is below the statewide $423,800 estimate, with a reported city-to-state gap of 67.1%.