South Wedge, Rochester, NY—14620
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Wedge, Rochester, NY
As of Oct '25, the median home price in South Wedge, Rochester, NY is $263,000, with a year-over-year change of 1.8%. This indicates that home prices in South Wedge, 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 | $263,000 | 1.8% |
| Single Family | $263,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $174,000 | 1.2% |
2 Bed | $207,000 | 2.0% |
3 Bed | $267,000 | 1.5% |
4 Bed | $297,000 | 0.7% |
| 5 Bed | $382,000 | 3.0% |
% of Housing Stock
Rental Trends — South Wedge, Rochester, NY
As of July '25, Rentcast reports the average rent in South Wedge, Rochester, NY is $1,720, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in South Wedge, Rochester, NY is studios: $1,100, 1-bedrooms: $1,420, 2-bedrooms: $1,620, 3-bedrooms: $2,250, 4-bedrooms: $2,380. The most common rental property sizes in South Wedge, Rochester, NY are 1-bedroom and 2-bedroom, accounting for 40.6% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,720 |
| Studio Rent | $1,050 | $1,100 |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,500 | $1,620 |
| 3 Bed Rent | $2,200 | $2,250 |
| 4 Bed Rent | $2,450 | $2,380 |
% of Rental Stock
Property Listings — South Wedge, Rochester, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in South Wedge, Rochester, NY is 25. This is a increase of 9.0% 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 | $217,000 | 3.0% |
Listing Count | 35 | 40.0% |
| Listings as % of Homes | 0.0% | 40.0% |
Days on Market | 25 | 9.0% |
Demographics — South Wedge, Rochester, NY
As of the latest ACS Survey released in 2023, South Wedge, Rochester, NY has a population of 22,900, which has decreased by -6.8% over the past 5 years. South Wedge, Rochester, NY is a less popular place for families, as children make up 9.7% of the population. The area has a highly educated workforce, with 56.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | -6.8% |
% Under 18 | 9.7% | -11.0% |
% Seniors | 16.2% | 28.6% |
% WFH | 18.0% | 373.7% |
% w/ College Degree | 56.4% | 9.9% |
As of the latest ACS Survey released in 2023, South Wedge, Rochester, NY is a predominantly white area, with 67.5% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in South Wedge, Rochester, NY is black, making up 12.1% of the population. Foreign-born residents account for 13.2% of the population in South Wedge, Rochester, NY, and this percentage has decreased by 7.0% 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 | 67.5% | -1.7% |
% Black | 12.1% | -5.5% |
% Hispanic | 6.4% | -22.0% |
% Asian | 8.9% | 3.5% |
% Foreign Born | 13.2% | -7.0% |
Mortgage and Risk — South Wedge, Rochester, NY
According to HUD data as of 2023, there were 257 mortgage originations in South Wedge, Rochester, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in South Wedge, Rochester, NY. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — South Wedge, Rochester, NY
As of 2024, the percent of homes in South Wedge, Rochester, NY under the Section 8 program is 13.9%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in South Wedge, Rochester, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,165 |
Total Units Section 8 | 1,151 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,400 | $1,220 |
| 2 Bedroom | $20 | $1,500 | $1,520 |
| 3 Bedroom | -$370 | $2,200 | $1,830 |
| 4 Bedroom | -$430 | $2,450 | $2,020 |
Affordability — South Wedge, Rochester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $263,000 |
| Median Household Income | $59,500 |