Market Analysis
Rochester Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$349,900
Average Monthly Rent
$1,405
Estimated Cap Rate
4.8%
Rent-to-Price Ratio
0.4%
Below 1% Rule
Rent ÷ price by zip code
1 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 14611 | $119,900 | $1,300 | 1.08% |
| 14620 | $249,900 | $1,650 | 0.66% |
| 14607 | $449,900 | $1,295 | 0.29% |
| 14604 | $575,000 | $1,375 | 0.24% |
Context · FRED home price index
Market Trends
Rochester metro area — % change since 2018
Home Prices
+105.8%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $1,280/mo |
| Condo | $1,448/mo |
| Single Family | $1,618/mo |
| Multi-Family | $1,688/mo |
| Townhouse | $1,788/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$349,900
Down Payment (20%)$69,980
Monthly P&I$1,825
Monthly Rent$1,405
Est. NOI$10,116/yr
Est. Cash Flow-$982/mo
Cash on Cash-15.3%
The Rochester market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Rochester
- 1Compressed cap rates below 5% — focus on appreciation or value-add deals
- 21% Rule fails at median prices — need rent of $3,499/mo to pass
- 3Below-average rents keep entry costs low for new investors
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