Lyell Otis, Rochester, NY—14606
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lyell Otis, Rochester, NY
As of Oct '25, the median home price in Lyell Otis, Rochester, NY is $201,000, with a year-over-year change of 3.2%. This indicates that home prices in Lyell Otis, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 3.2% |
| Single Family | $202,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 2.2% |
3 Bed | $212,000 | 2.9% |
4 Bed | $212,000 | 2.9% |
| 5 Bed | $183,000 | 1.7% |
% of Housing Stock
Rental Trends — Lyell Otis, Rochester, NY
As of July '25, Rentcast reports the average rent in Lyell Otis, Rochester, NY is $1,400, with a year-over-year rent change of -13.6%. Per bedroom, the median rent as of July '25 in Lyell Otis, Rochester, NY is studios: $1,060, 1-bedrooms: $1,100, 2-bedrooms: $1,240, 3-bedrooms: $1,500, 4-bedrooms: $1,860. The most common rental property sizes in Lyell Otis, Rochester, NY are 2-bedroom and 3-bedroom, accounting for 32.2% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,400 |
| Studio Rent | $1,060 | $1,060 |
| 1 Bed Rent | $1,000 | $1,100 |
| 2 Bed Rent | $1,050 | $1,240 |
| 3 Bed Rent | $1,450 | $1,500 |
| 4 Bed Rent | $1,940 | $1,860 |
% of Rental Stock
Property Listings — Lyell Otis, Rochester, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lyell Otis, Rochester, NY is 32. This is a decrease of -4.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $114,000 | -15.0% |
Listing Count | 94 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 32 | -4.0% |
Demographics — Lyell Otis, Rochester, NY
As of the latest ACS Survey released in 2023, Lyell Otis, Rochester, NY has a population of 27,500, which has decreased by -2.6% over the past 5 years. Lyell Otis, Rochester, NY is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -2.6% |
% Under 18 | 23.7% | -0.8% |
% Seniors | 16.5% | 10.7% |
% WFH | 9.5% | 400.0% |
% w/ College Degree | 22.5% | 27.8% |
As of the latest ACS Survey released in 2023, Lyell Otis, Rochester, NY is a predominantly white area, with 51.1% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Lyell Otis, Rochester, NY is black, making up 26.3% of the population. Foreign-born residents account for 10.1% of the population in Lyell Otis, Rochester, NY, and this percentage has decreased by 4.7% 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 | 51.1% | -7.6% |
% Black | 26.3% | 14.3% |
% Hispanic | 16.9% | 20.7% |
% Asian | 3.5% | -32.7% |
% Foreign Born | 10.1% | -4.7% |
Mortgage and Risk — Lyell Otis, Rochester, NY
According to HUD data as of 2023, there were 595 mortgage originations in Lyell Otis, Rochester, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Lyell Otis, Rochester, NY. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 595 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lyell Otis, Rochester, NY
As of 2024, the percent of homes in Lyell Otis, Rochester, NY under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lyell Otis, Rochester, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 966 |
Total Units Section 8 | 600 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 84.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,000 | $1,050 |
| 2 Bedroom | $260 | $1,050 | $1,310 |
| 3 Bedroom | $130 | $1,450 | $1,580 |
| 4 Bedroom | -$200 | $1,940 | $1,740 |
Affordability — Lyell Otis, Rochester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $201,000 |
| Median Household Income | $57,300 |