Decreasing
What does this measure?
The most recent monthly rent plus the average monthly payments for utilities and fuel, as reported to the Census Bureau, adjusted for inflation. The median represents the mid-point of monthly rents (half the values are above the median and half below).
Why is this important?
For those who do not own a home, rent is a necessary expense. The higher a family's rental expenses, the less they have to spend on their other needs. However, higher median rental values can also be indicative of a better home and community.
How is our region performing?
In 2017-21, the median monthly rent in the region was $936, lower than the statewide median of $1,390 and the national median of $1,163. The median for the region decreased 5% from 2000 to 2007-11, was flat from 2007-11 to 2012-16, and increased 3% from 2012-16 to 2017-21. Overall, the region's median rent was down slightly (2%) in 2017-21 compared to 2000 after adjusting for inflation. In contrast, state and national median rents increased 27% and 19%, respectively, from 2000 to 2017-21.
Between 2000 and 2017-21, median rents in most counties in the region decreased slightly after adjusting for inflation, with the greatest drops in Wyoming (9%) and Wayne (6%). Only Ontario saw a slight increase since 2000 (5%). The median rent for Monroe County was flat during this timeframe.
Among the region's counties, Monroe had the highest median rent in 2017-21 at about $991 per month, followed closely by Ontario, at $962. Wyoming had the lowest, at $713. The City of Rochester had a median rent of $915, which was among the lowest within Monroe County; the median was highest in 2017-21 in the Town and Village of Pittsford, both slightly over $1,300. Rochester's median rent was higher than in Canandaigua ($903), Geneva ($857) and Batavia ($818).
Notes about the data
Data are presented in 2021 dollars. 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. Figures for the region and surrounding counties were calculated by aggregating county medians based on each county's share of the region's population. Data for this indicator are expected to be released in the fourth quarter.
| 2000 | 2007-11 | 2012-16 | 2017-21 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NYS | $1,093 | $1,235 | $1,309 | $1,390 | |||||||||||||||
| NYS (excluding NYC) | $990 | $1,023 | $1,018 | $1,027 | |||||||||||||||
| Region | $953 | $906 | $908 | $936 | |||||||||||||||
| Monroe | $995 | $937 | $952 | $991 | |||||||||||||||
| Surrounding Counties | $854 | $818 | $817 | $830 | |||||||||||||||
| Genesee | $841 | $825 | $808 | $808 | |||||||||||||||
| Livingston | $880 | $817 | $815 | $843 | |||||||||||||||
| Ontario | $917 | $889 | $927 | $962 | |||||||||||||||
| Orleans | $844 | $749 | $743 | $802 | |||||||||||||||
| Seneca | $847 | $800 | $830 | $828 | |||||||||||||||
| Wayne | $857 | $814 | $808 | $810 | |||||||||||||||
| Wyoming | $784 | $757 | $693 | $713 | |||||||||||||||
| Yates | $760 | $717 | $791 | $723 | |||||||||||||||
| Monroe County Local Areas | |||||||||||||||||||
| Regional Cities | |||||||||||||||||||
Notes: Figures in 2021 dollars. 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 |
|---|---|---|---|---|
| Median Home Value | $151,405 | 2017-21 |
1
|
1
Increasing
|
| Median Rental Prices | $936 | 2017-21 |
3
|
-1
Decreasing
|
| Housing Affordability for Homeowners | 2.3 | 2017-21 |
3
|
0
Maintaining
|
| Housing Affordability for Homeowners by Race/Ethnicity | 2017-21 | 0 | 10 Not Applicable* | |
| Overall Housing Cost Burden | 28% | 2017-21 |
3
|
-1
Decreasing
|
| Housing Affordability for Renters | 32% | 2017-21 |
3
|
10 Not Applicable* |
| Rent Burdened Households | 48% | 2017-21 |
3
|
-1
Decreasing
|
| Housing Affordability for Renters by Race/Ethnicity | 2017-21 | 0 | 10 Not Applicable* | |
| Homeownership Rate | 68% | 2017-21 |
3
|
-1
Decreasing
|
| Homeownership Rate by Race/Ethnicity | 2017-21 | 0 | 10 Not Applicable* | |
| Vacant Housing Units | 9% | 2017-21 |
3
|
1
Increasing
|
| Homeless Persons | 0 | 10 Not Applicable* |
Worse than NYS by 10% or more Up to 10% worse than NYS Equal to or better than NYS
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