Greece Ridge, Rochester, NY—14626
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greece Ridge, Rochester, NY
As of Oct '25, the median home price in Greece Ridge, Rochester, NY is $269,000, with a year-over-year change of 3.9%. This indicates that home prices in Greece Ridge, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 3.9% |
| Single Family | $269,000 | 3.9% |
| Condos | $232,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 3.8% |
3 Bed | $261,000 | 3.6% |
4 Bed | $301,000 | 4.2% |
| 5 Bed | $366,000 | 4.0% |
% of Housing Stock
Rental Trends — Greece Ridge, Rochester, NY
As of July '25, Rentcast reports the average rent in Greece Ridge, Rochester, NY is $1,920, with a year-over-year rent change of -10.7%. Per bedroom, the median rent as of July '25 in Greece Ridge, Rochester, NY is studios: $1,020, 1-bedrooms: $1,230, 2-bedrooms: $1,700, 3-bedrooms: $2,800, 4-bedrooms: $3,200. The most common rental property sizes in Greece Ridge, Rochester, NY are 1-bedroom and 2-bedroom, accounting for 45.5% and 39.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,920 |
| Studio Rent | $1,020 | $1,020 |
| 1 Bed Rent | $1,160 | $1,230 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $2,900 | $2,800 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Greece Ridge, Rochester, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Greece Ridge, Rochester, NY is 13. This is a decrease of -32.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | -4.0% |
Listing Count | 84 | -7.0% |
| Listings as % of Homes | 0.1% | -7.0% |
Days on Market | 13 | -32.0% |
Demographics — Greece Ridge, Rochester, NY
As of the latest ACS Survey released in 2023, Greece Ridge, Rochester, NY has a population of 29,200, which has decreased by -2.3% over the past 5 years. Greece Ridge, Rochester, NY is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,200 | -2.3% |
% Under 18 | 17.5% | -3.3% |
% Seniors | 24.8% | 5.1% |
% WFH | 11.0% | 266.7% |
% w/ College Degree | 32.0% | 4.9% |
As of the latest ACS Survey released in 2023, Greece Ridge, Rochester, NY is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Greece Ridge, Rochester, NY is black, making up 9.1% of the population. Foreign-born residents account for 9.0% of the population in Greece Ridge, Rochester, NY, and this percentage has decreased by 17.4% 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 | 77.0% | -5.9% |
% Black | 9.1% | 40.0% |
% Hispanic | 7.9% | 41.1% |
% Asian | 3.4% | 13.3% |
% Foreign Born | 9.0% | -17.4% |
Mortgage and Risk — Greece Ridge, Rochester, NY
According to HUD data as of 2023, there were 693 mortgage originations in Greece Ridge, Rochester, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Greece Ridge, Rochester, NY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 693 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Greece Ridge, Rochester, NY
As of 2024, the percent of homes in Greece Ridge, Rochester, NY under the Section 8 program is 11.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Greece Ridge, Rochester, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 438 |
Total Units Section 8 | 437 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,160 | $1,180 |
| 2 Bedroom | -$230 | $1,700 | $1,470 |
| 3 Bedroom | -$1,130 | $2,900 | $1,770 |
| 4 Bedroom | -$1,250 | $3,200 | $1,950 |
Affordability — Greece Ridge, Rochester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $269,000 |
| Median Household Income | $78,800 |