Real Estate Investing in Rochester, New York (14605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14605 (Rochester, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 40.2% poverty rate — can affect rent collection.
- Higher unemployment: 7.6% unemployment — tenant risk signal.
What’s happening in Rochester, NY (14605)?
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Market Analysis: 14605 Rochester
Homes in the 14605 ZIP trade near $98K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,350/mo support the pro forma.
ZIP 14605 favors investors with a contractor on speed dial. From a cash-flow lens, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $1,350/mo average.
Statewide, NY value-add investors migrate toward ZIPs with 14605's profile — older stock, soft but real rent growth, and $98K pricing that keeps rehab math workable.
Demographically, 14605 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
Experienced operators with contractor networks find 14605 an appealing option for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Rochester:
Property Strategy for 14605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,395 | $1,310 | 13.0% | +5.3% | $36,198 |
| 3BR | $94,499 | $1,580 | 12.0% | +6.1% | $31,500 |
| 4BR | $88,699 | $1,730 | 14.0% | +5.2% | $22,175 |
| 5BR | $89,941 | — | — | +7.2% | $17,988 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14605 Compare?
| Metric | 14605 | Rochester | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $97,648 | $98,952 | N/A | $505,608 |
| 5-Year CAGR | 2.5% | 7.0% | N/A | 6.6% |
| Avg Rent | $1,350 | $1,517 | N/A | - |
| Cap Rate | 10.8% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14605 (Rochester, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14605 (Rochester, NY)?
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Property managers serving Monroe County
Manage rentals here? List your business →Turn-Key Property Management is a full-service company specializing in residential properties of all sizes, serving the community since 1983. summary from their website
Gallagher Property Management helps individuals find their perfect rental home and provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $97,648 |
| Monthly Rent | $1,350 |
| Price-to-Rent | 6.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.6% |
| Cap Rate | 10.8% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14605
Population: 11,796
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 14605
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
EAST IRONDEQUOIT MIDDLE SCHOOL
EAST LOWER SCHOOL
EAST UPPER HIGH SCHOOL
HELENDALE ROAD PRIMARY SCHOOL
JAMES MONROE UPPER SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,149 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Rochester, NY suited for a house hack?
The house hack math an attractive in Rochester, NY. Owner-occupant buyers benefit from the $1,350/mo rents and $98K home values.
Is Rochester, NY a smart market for rental property?
Rochester, NY scores 5.0/5 for investability. Home values sit at $98K and rents near $1,350/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the 1% rule achievable in Rochester, NY?
The 1% rule in Rochester, NY is reasonable to achieve. Rent-to-price at the median ($1,350/mo on $98K) lands around 1.38%.
Can you recycle capital via BRRRR in Rochester, NY?
Investors running BRRRR in Rochester, NY see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
What approach is best for Rochester, NY real estate?
Investors usually favor value-add and BRRRR deals in Rochester, NY. With home values at $98K and rents near $1,350/mo, other strategies can work but produce predictable rather than outsized returns.
You know 14605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14605 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 14605 ranks in Rochester, NY
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