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Rochester, NY Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,417
Monthly Cash Flow
-$3
Principal + Equity
$178
Annual Total Gain
$2,098
Cash on Cash
-0.06%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$165
Occupancy Rate
56.67%
Monthly Revenue
$2,043
Monthly Cash Flow
$317
Principal + Equity
$178
Annual Total Gain
$5,935
Cash on Cash %
6.57%
Net ROI %
Market Health & Growth
Median Income
$46,628
Population
209,720
LTR Renter %
62.81%
Forecast (1 yr)
1.76%
Appreciation (1 yr)
3.06%
Appreciation (5 yr)
0%
Appreciation (10 yr)
0%
Job Growth
1.69%
LTR Rentability
Moderate
STR Demand
69
STR Rentals
1,194
Top Public Schools
BRush-Henrietta Senior High School
BMary K. Vollmer Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#25out of 229 markets
Best Cities for Young Professionals in America
#77out of 229 markets
Cities with the Lowest Cost of Living in America
#73out of 229 markets
C-
Public School
D
Crime And Safety
C-
Housing
A
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Rochester, NY.
As of September 2021, Rochester, NY does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
It is recommended that investors research the current zoning laws and regulations in Rochester to ensure that short term rentals are allowed in the desired area. Additionally, investors should be aware of any potential licensing requirements or taxes that may apply to STRs in the city.
It is also important for investors to consider the potential impact of STRs on the local community and to be prepared to address any concerns from neighbors or local officials. Building good relationships with neighbors and being a responsible host can help mitigate any potential issues that may arise.
Overall, investors should carefully consider the potential risks and rewards of investing in short term rentals in Rochester, NY and stay informed about any changes in regulations that may affect their investment.
Market Trends Over Time
Explore 25 years of market data for Rochester, NY, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Rochester, NY.
The LTR Genie Score of Rochester, NY is 56 and STR Genie Score is 67. The LTR Rentability is moderate, indicating that the long-term rental market in Rochester may not be as strong as the short-term rental market. The LTR Rent Growth Rate is relatively low at 0.0549%, which could be a contributing factor to the lower LTR Genie Score. On the other hand, the STR Net ROI is significantly higher at 10.25%, which is reflected in the higher STR Genie Score. The 1-Year Price Appreciation Forecast is 1.76%, suggesting potential growth in property values.
Rochester, NY is known for its strong economy driven by industries such as healthcare, education, and technology. The city also boasts a diverse housing market with a mix of historic homes and modern developments. Additionally, Rochester is home to several colleges and universities, providing a steady demand for rental properties.
Based on the metrics provided, Rochester, NY appears to be more attractive for short-term rental investment due to the higher STR Genie Score and Net ROI. The STR Occupancy rate of 56.67% and STR Revenue of 2043 further support the potential for success in the short-term rental market. However, investors should also consider the 1-Year Price Appreciation Forecast and overall market conditions before making a decision. Ultimately, Rochester, NY may be a suitable market for both long-term and short-term rental investments, but short-term rentals may offer higher returns in the current market environment.
LTR Genie Score 93
$244,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,747 sqft.🏠 SINGLE FAMILY
