Penfield, Rochester, NY—14625
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penfield, Rochester, NY
As of Oct '25, the median home price in Penfield, Rochester, NY is $355,000, with a year-over-year change of 3.7%. This indicates that home prices in Penfield, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $355,000 | 3.7% |
| Single Family | $356,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | 3.3% |
3 Bed | $327,000 | 2.2% |
4 Bed | $425,000 | 3.4% |
| 5 Bed | $502,000 | 4.1% |
% of Housing Stock
Rental Trends — Penfield, Rochester, NY
As of July '25, Rentcast reports the average rent in Penfield, Rochester, NY is $1,590, with a year-over-year rent change of -29.6%. Per bedroom, the median rent as of July '25 in Penfield, Rochester, NY is 1-bedrooms: $1,480, 3-bedrooms: $1,700. The most common rental property sizes in Penfield, Rochester, NY are 2-bedroom and 3-bedroom, accounting for 54.1% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,480 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Penfield, Rochester, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Penfield, Rochester, NY is 37. 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 | $307,000 | 7.0% |
Listing Count | 18 | 9.0% |
| Listings as % of Homes | 0.1% | 9.0% |
Days on Market | 37 | 9.0% |
Demographics — Penfield, Rochester, NY
As of the latest ACS Survey released in 2023, Penfield, Rochester, NY has a population of 10,700, which has increased by 5.4% over the past 5 years. Penfield, Rochester, NY is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | 5.4% |
% Under 18 | 18.0% | -6.2% |
% Seniors | 22.3% | -6.3% |
% WFH | 21.8% | 179.5% |
% w/ College Degree | 60.0% | 14.9% |
As of the latest ACS Survey released in 2023, Penfield, Rochester, NY is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Penfield, Rochester, NY is hispanic, making up 6.4% of the population. Foreign-born residents account for 6.6% of the population in Penfield, Rochester, NY, and this percentage has increased by 73.7% 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 | 85.2% | -10.1% |
% Black | 1.6% | 166.7% |
% Hispanic | 6.4% | 166.7% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 6.6% | 73.7% |
Mortgage and Risk — Penfield, Rochester, NY
According to HUD data as of 2023, there were 201 mortgage originations in Penfield, Rochester, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Penfield, Rochester, NY. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Penfield, Rochester, NY
Penfield, Rochester, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,480 | $1,400 |
| 2 Bedroom | N/A | N/A | $1,740 |
| 3 Bedroom | $400 | $1,700 | $2,100 |
| 4 Bedroom | N/A | N/A | $2,310 |
Affordability — Penfield, Rochester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $355,000 |
| Median Household Income | $107,000 |