Housing

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Source: U.S. Census Bureau

What does this measure?

The ratio of the median home value divided by the median household income, adjusted for inflation.

Why is this important?

This ratio provides a rough estimate of the affordability of homes in a community. A ratio less than 2 or 3 is considered affordable.

How is our region performing?

The regional ratio of median home value to median household income was much more affordable than the overall state and nation in 2016-20. The regional ratio increased slightly, from 2.1 to 2.3, between 2000 and 2016-20. In comparison, the statewide ratio increased from 3.4 to 4.6, and the nation, from 2.7 to 3.5.

Among individual counties in the region, Ontario and Yates had the least affordable ratios (at 2.5 and 2.6, respectively), followed closely by Monroe (2.4). Orleans was most affordable, at 1.9, followed by Seneca and Wyoming (both at 2.0). From 2000 to 2016-20, the ratio increased in a majority of the region's counties, with the largest increases in Ontario (from 2.0 to 2.5) and Yates (from 2.2 to 2.6). All counties saw increases from 2006-10 to 2011-15 except Wyoming, where the ratio was flat.

In 2016-20, Rochester's ratio was 2.4, higher than Batavia (2.0), on par with Geneva (2.4), and quite a bit lower than Canandaigua (3.7). Within Monroe County, ratios were lowest in the Towns of Hamlin and Chili and the Town / Village of East Rochester (all at 1.9) and highest in the Village of Fairport (3.0), the Town of Brighton and the Village of Webster (both at 2.9).

Notes about the data

Multi-year figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator are expected to be released in the fourth quarter.

Housing Affordability - Owning
20002006-102011-152016-20
NYS3.45.54.84.6
NYS (excluding NYC)2.63.63.33.2
Region2.12.32.52.3
Monroe2.22.52.62.4
Surrounding Counties2.02.12.22.2
Genesee2.02.02.12.1
Livingston2.12.22.32.2
Ontario2.02.32.52.5
Orleans1.91.82.01.9
Seneca1.91.92.02.0
Wayne1.92.02.22.1
Wyoming1.91.91.92.0
Yates2.22.42.52.6
Monroe County Local Areas
Rochester2.32.42.52.4
Spencerport (V)2.02.22.22.0
Henrietta1.92.22.32.2
Churchville (V)1.62.12.12.2
Riga1.82.02.42.0
Scottsville (V)1.71.92.42.2
Hamlin1.82.01.91.9
Pittsford2.12.42.52.3
Greece2.12.32.32.1
Perinton2.12.52.42.3
Gates1.92.12.32.0
Penfield2.12.42.32.3
Pittsford (V)2.42.62.82.4
Wheatland1.82.02.42.0
East Rochester2.02.02.01.9
Parma1.92.12.12.1
Honeoye Falls (V)2.62.92.72.6
Webster2.12.52.52.5
Clarkson1.92.12.02.6
Ogden1.92.12.12.1
Hilton (V)1.82.22.22.1
Chili1.92.12.21.9
Mendon2.42.72.72.4
Sweden2.22.32.62.5
Brighton2.42.72.62.7
Webster (V)2.73.43.82.7
Brockport (V)2.32.52.72.1
Irondequoit2.02.22.22.0
Fairport (V)2.32.62.43.0
Rush2.02.32.12.1
Regional Cities
Batavia2.32.42.32.0
Canandaigua2.63.13.63.7
Geneva2.22.32.32.4

Source: U.S. Census Bureau
Notes: Ratio of median home value to median household income. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.











Worse than NYS by 10% or more
Up to 10% worse than NYS
Equal to or better than NYS


INDICATORS - Grouped by Topic REGIONAL VALUE YEAR NYS COMPARISON TREND | REGION
*No or multiple regional values for this indicator


Worse than NYS by 10% or more
Up to 10% worse than NYS
Equal to or better than NYS





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