Real Estate Investing in Rochester, New York (14609)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14609 (Rochester, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Rochester, NY (14609)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14609 Rochester
From an investor standpoint, ZIP 14609 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $213K median. It rewards specialists, not generalists.
Rent of $1,521/mo on a $213K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 14609 sits below the stated 0.0% once reality is priced in.
The gap between 14609 and stronger Rochester ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 14609 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 14609 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Rochester:
Property Strategy for 14609
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $137,211 | $1,180 | 6.2% | — | $137,211 |
| 2BR | $173,711 | $1,480 | 6.1% | +9.7% | $86,856 |
| 3BR | $205,509 | $1,780 | 6.2% | +9.8% | $68,503 |
| 4BR | $185,211 | $1,960 | 7.6% | +9.0% | $46,303 |
| 5BR | $182,558 | — | — | +7.8% | $36,512 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14609 Compare?
| Metric | 14609 | Rochester | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $213,081 | $98,952 | N/A | $505,608 |
| 5-Year CAGR | 8.3% | 7.0% | N/A | 6.6% |
| Avg Rent | $1,521 | $1,517 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14609 (Rochester, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14609 (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 | $213,081 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 13.9% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14609
Population: 40,171
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 14609
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DURAND-EASTMAN INTERMEDIATE SCHOOL
IVAN L GREEN PRIMARY SCHOOL
JAMES MONROE UPPER SCHOOL
SCHOOL 15-CHILDREN'S SCHOOL OF ROCHESTER (THE)
SCHOOL 23-FRANCIS PARKER
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
Frequently Asked Questions
Is vacancy a concern in Rochester, NY?
Rental vacancy in Rochester, NY is elevated. Investors should budget normal turnover but not chronic empty units.
How does Rochester, NY rate as a rental market?
Rochester, NY rates 3.0/5 for investability. With median values at $213K and rents near $1,521/mo, the market offers reasonable fundamentals for rental investors.
How strong is tenant demand in Rochester, NY?
Rochester, NY draws a even-keeled base of working renters. Demand at the $1,521/mo rent level is reasonable for standard single-family and small multi rentals.
Is Rochester, NY a friendly market for rental owners?
Rochester, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What type of investing works in Rochester, NY?
A careful cash-flow rentals with hands-on management strategy Rochester, NY best. The market produces stable results for that approach at the $213K price point.
You know 14609 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14609 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 14609 ranks in Rochester, NY
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