Real Estate Investing in Rochester, New York (14623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14623 (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: 8.1% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Rochester, NY (14623)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14623 Rochester
ZIP 14623 in Rochester, NY carries a solid set of headwinds. Home values near $269K and rents of $1,921/mo sit inside a market where underwriting has to be tight.
The 14623 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 14623 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 14623 includes headwinds that any investor should price in. Income distribution skews lower than Rochester averages, and tenant stability requires active management.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Rochester:
Property Strategy for 14623
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $208,174 | $1,740 | 6.0% | +8.9% | $104,087 |
| 3BR | $244,645 | $2,100 | 6.2% | +8.9% | $81,548 |
| 4BR | $269,594 | $2,300 | 6.1% | +8.5% | $67,398 |
| 5BR | $295,884 | — | — | +8.1% | $59,177 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14623 Compare?
| Metric | 14623 | Rochester | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $268,545 | $98,952 | N/A | $505,608 |
| 5-Year CAGR | 8.4% | 7.0% | N/A | 6.6% |
| Avg Rent | $1,921 | $1,517 | N/A | - |
| Cap Rate | 5.6% | 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 14623 (Rochester, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14623 (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 | $268,545 |
| Monthly Rent | $1,921 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | -7.6% ▼ |
| 3-Year CAGR | N/A |
| 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 14623
Population: 25,689
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 14623
Schools in This ZIP Code
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
How does Rochester, NY rate as a rental market?
Rochester, NY scores 3.0/5 for investability. Home values sit at $269K and rents near $1,921/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are rental rates like in Rochester, NY?
Average rent in Rochester, NY is approximately $1,921/mo per month. Against $269K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Rochester, NY?
In Rochester, NY the median home value sits at $269K. Against the broader NY market, that reads as reasonable for most investors.
What type of investing works in Rochester, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Rochester, NY. With home values at $269K and rents near $1,921/mo, other strategies can work but produce predictable rather than outsized returns.
Is Rochester, NY a good market for FHA house hackers?
Rochester, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $269K price point reasonable to enter.
You know 14623 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14623 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 14623 ranks in Rochester, NY
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