Canandaigua, NY—14424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canandaigua, NY
As of Nov '25, the median home price in Canandaigua, NY is $351,000, with a year-over-year change of 3.4%. This indicates that home prices in Canandaigua, NY are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $351,000 | 3.4% |
| Single Family | $349,000 | 3.9% |
| Condos | $392,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $233,000 | 1.3% |
2 Bed | $305,000 | 2.3% |
3 Bed | $339,000 | 3.4% |
4 Bed | $424,000 | 5.2% |
| 5 Bed | $511,638 | 5.3% |
% of Housing Stock
Rental Trends — Canandaigua, NY
As of July '25, Rentcast reports the average rent in Canandaigua, NY is $2,010, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Canandaigua, NY is 1-bedrooms: $1,570, 2-bedrooms: $2,020, 3-bedrooms: $2,230. The most common rental property sizes in Canandaigua, NY are 2-bedroom and 1-bedroom, accounting for 37.1% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $2,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,340 | $1,570 |
| 2 Bed Rent | $1,600 | $2,020 |
| 3 Bed Rent | $2,000 | $2,230 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canandaigua, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Canandaigua, NY is 51. This is a increase of 10.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | 4.0% |
Listing Count | 108 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 51 | 10.0% |
Demographics — Canandaigua, NY
As of the latest ACS Survey released in 2023, Canandaigua, NY has a population of 28,900, which has increased by 4.1% over the past 5 years. Canandaigua, NY is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 4.1% |
% Under 18 | 16.9% | -10.1% |
% Seniors | 24.7% | 11.3% |
% WFH | 10.0% | 117.4% |
% w/ College Degree | 40.9% | 7.1% |
As of the latest ACS Survey released in 2023, Canandaigua, NY is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Canandaigua, NY is hispanic, making up 4.9% of the population. Foreign-born residents account for 3.2% of the population in Canandaigua, NY, and this percentage has decreased by 15.8% 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 | 90.5% | -3.3% |
% Black | 1.3% | -7.1% |
% Hispanic | 4.9% | 88.5% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 3.2% | -15.8% |
Mortgage and Risk — Canandaigua, NY
According to HUD data as of 2023, there were 508 mortgage originations in Canandaigua, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Canandaigua, NY. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 508 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Canandaigua, NY
Canandaigua, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 558 |
Total Units Section 8 | 558 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,340 | $1,160 |
| 2 Bedroom | -$160 | $1,600 | $1,440 |
| 3 Bedroom | -$260 | $2,000 | $1,740 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Canandaigua, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $351,000 |
| Median Household Income | $79,100 |