Fairport, NY—14450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairport, NY
As of Oct '25, the median home price in Fairport, NY is $383,000, with a year-over-year change of 5.2%. This indicates that home prices in Fairport, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $383,000 | 5.2% |
| Single Family | $387,000 | 4.6% |
| Condos | $233,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $159,000 | 2.6% |
2 Bed | $269,000 | 5.9% |
3 Bed | $350,000 | 4.2% |
4 Bed | $428,000 | 4.9% |
| 5 Bed | $533,000 | 6.8% |
% of Housing Stock
Rental Trends — Fairport, NY
As of July '25, Rentcast reports the average rent in Fairport, NY is $2,120, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Fairport, NY is studios: $1,090, 1-bedrooms: $1,550, 2-bedrooms: $2,200, 3-bedrooms: $2,600, 4-bedrooms: $3,650. The most common rental property sizes in Fairport, NY are 2-bedroom and 1-bedroom, accounting for 45.8% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,120 |
| Studio Rent | $1,090 | $1,090 |
| 1 Bed Rent | $1,540 | $1,550 |
| 2 Bed Rent | $2,230 | $2,200 |
| 3 Bed Rent | $2,500 | $2,600 |
| 4 Bed Rent | $3,500 | $3,650 |
% of Rental Stock
Property Listings — Fairport, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairport, NY is 34. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | -8.0% |
Listing Count | 87 | -21.0% |
| Listings as % of Homes | 0.1% | -21.0% |
Days on Market | 34 | -2.0% |
Demographics — Fairport, NY
As of the latest ACS Survey released in 2023, Fairport, NY has a population of 43,100, which has increased by 4.9% over the past 5 years. Fairport, NY is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 59.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,100 | 4.9% |
% Under 18 | 20.5% | -1.4% |
% Seniors | 22.5% | 5.6% |
% WFH | 17.9% | 138.7% |
% w/ College Degree | 59.9% | 7.3% |
As of the latest ACS Survey released in 2023, Fairport, NY is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Fairport, NY is hispanic, making up 2.7% of the population. Foreign-born residents account for 5.7% of the population in Fairport, NY, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.4% | -0.7% |
% Black | 1.6% | 0.0% |
% Hispanic | 2.7% | -27.0% |
% Asian | 2.4% | -33.3% |
% Foreign Born | 5.7% | -25.0% |
Mortgage and Risk — Fairport, NY
According to HUD data as of 2023, there were 955 mortgage originations in Fairport, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairport, NY. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 955 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fairport, NY
As of 2024, the percent of homes in Fairport, NY under the Section 8 program is 10.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fairport, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 432 |
Total Units Section 8 | 414 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 82.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,540 | $1,280 |
| 2 Bedroom | -$640 | $2,230 | $1,590 |
| 3 Bedroom | -$580 | $2,500 | $1,920 |
| 4 Bedroom | -$1,390 | $3,500 | $2,110 |
Affordability — Fairport, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $383,000 |
| Median Household Income | $110,000 |