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Rochester

Learn about the people, housing, costs and businesses in Rochester

Median Home$210,548
Median Rent$1,192/month
Population1,058,413
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality31% public administration
Home Value Growth⬆⬆⬆+22.3% over 2 years
Retirees19% of residentsnear the national average
Homeowners67% of occupied units
NotableAmenity Score65/100 · highly walkable area
Rochester

Frequently Asked Questions

What are today's mortgage rates in Rochester?

Mortgage rates for Rochester are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Rochester
What is the median home price in Rochester?

The median home value in Rochester is $211k. The median monthly rent is $1,192. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rochester?

Home values in Rochester have increased 22.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rochester?

Based on a typical all-in ownership cost of $1,255/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rochester is $82k/year.

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What industries drive the economy in Rochester?

The largest employment sectors in Rochester are public administration (31%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.