Park Avenue, Rochester, NY—14607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Park Avenue, Rochester, NY
As of Oct '25, the median home price in Park Avenue, Rochester, NY is $337,000, with a year-over-year change of 1.1%. This indicates that home prices in Park Avenue, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $337,000 | 1.1% |
| Single Family | $342,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 0.4% |
3 Bed | $311,000 | -0.6% |
4 Bed | $382,000 | 3.2% |
| 5 Bed | $485,000 | 4.5% |
% of Housing Stock
Rental Trends — Park Avenue, Rochester, NY
As of July '25, Rentcast reports the average rent in Park Avenue, Rochester, NY is $1,500, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Park Avenue, Rochester, NY is studios: $832, 1-bedrooms: $1,320, 2-bedrooms: $1,580, 3-bedrooms: $2,250, 4-bedrooms: $2,420. The most common rental property sizes in Park Avenue, Rochester, NY are 1-bedroom and 2-bedroom, accounting for 46.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,500 |
| Studio Rent | $825 | $832 |
| 1 Bed Rent | $1,200 | $1,320 |
| 2 Bed Rent | $1,450 | $1,580 |
| 3 Bed Rent | $2,100 | $2,250 |
| 4 Bed Rent | $2,500 | $2,420 |
% of Rental Stock
Property Listings — Park Avenue, Rochester, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Park Avenue, Rochester, NY is 54. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | -15.0% |
Listing Count | 25 | -7.0% |
| Listings as % of Homes | 0.0% | -7.0% |
Days on Market | 54 | 43.0% |
Demographics — Park Avenue, Rochester, NY
As of the latest ACS Survey released in 2023, Park Avenue, Rochester, NY has a population of 17,600, which has increased by 4.9% over the past 5 years. Park Avenue, Rochester, NY is a less popular place for families, as children make up 4.3% of the population. The area has a highly educated workforce, with 59.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,600 | 4.9% |
% Under 18 | 4.3% | -36.8% |
% Seniors | 11.9% | 17.8% |
% WFH | 19.4% | 304.2% |
% w/ College Degree | 59.5% | 11.0% |
As of the latest ACS Survey released in 2023, Park Avenue, Rochester, NY is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Park Avenue, Rochester, NY is black, making up 8.3% of the population. Foreign-born residents account for 7.2% of the population in Park Avenue, Rochester, NY, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.2% | -1.6% |
% Black | 8.3% | -23.1% |
% Hispanic | 6.1% | -3.2% |
% Asian | 2.2% | -33.3% |
% Foreign Born | 7.2% | 28.6% |
Mortgage and Risk — Park Avenue, Rochester, NY
According to HUD data as of 2023, there were 102 mortgage originations in Park Avenue, Rochester, NY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Park Avenue, Rochester, NY. Investor activity is low, as 10.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Park Avenue, Rochester, NY
As of 2024, the percent of homes in Park Avenue, Rochester, NY under the Section 8 program is 6.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Park Avenue, Rochester, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 701 |
Total Units Section 8 | 545 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 78.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,200 | $1,270 |
| 2 Bedroom | $130 | $1,450 | $1,580 |
| 3 Bedroom | -$200 | $2,100 | $1,900 |
| 4 Bedroom | -$410 | $2,500 | $2,090 |
Affordability — Park Avenue, Rochester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $337,000 |
| Median Household Income | $56,300 |