Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,405, 1,591 total housing units (homes and apartments), and a median house value of $119,148, house prices in Rochester are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Rochester, accounting for 57.27% of the borough's housing units. Other types of housing that are prevalent in Rochester include large apartment complexes or high rise apartments ( 28.63%), duplexes, homes converted to apartments or other small apartment buildings ( 11.85%), and a few row houses and other attached homes ( 2.25%).
People in Rochester primarily live in small (one, two or no bedroom) single-family detached homes. Rochester has a mixture of owner-occupied and renter-occupied housing.
The housing in Rochester was primarily built before 1939 ( 44.38%), making the housing stock in Rochester some of the oldest overall in America, although there is a range of ages of homes in Rochester. The next most important housing age is between 1940-1969 ( 43.17%), followed by between 1970-1999 ( 10.64%). There's also some housing in Rochester built between 2000 and later ( 1.81%).
Vacant housing appears to be an issue in Rochester. Fully 12.73% of the housing stock is classified as vacant. Left unchecked, vacant Rochester homes and apartments can be a drag on the real estate market, holding Rochester real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Rochester, where house values have increased just 54.35%, which is annualized rate of 4.44%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Rochester appreciation rates have trailed the rest of the nation. In the last twelve months, Rochester's appreciation rate has been 0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rochester were at 1.11%, which equates to an annual appreciation rate of 4.52%.
Relative to Pennsylvania, our data show that Rochester's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
$119,148
for Pennsylvania
for nation
1,591
$1,186 / per month