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  5. /Lyell Otis, Rochester, NY - 14606

Lyell Otis, Rochester, NY—14606

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$221,000
5.2% YoY Growth
Household Income
$57,300
32.5% YoY Growth
Days on Market
37
16.0% Shorter YoY
Home Price Forecast
3.7%
Median Rent
$1,300
13.6% YoY Growth
1-Bed Rent
$1,000
36.1% YoY Growth
2-Bed Rent
$1,050
0.0% YoY Growth
3-Bed Rent
$1,450
26.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lyell Otis, Rochester, NY

As of May '26, the median home price in Lyell Otis, Rochester, NY is $221,000, with a year-over-year change of 5.2%. This indicates that home prices in Lyell Otis, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$221,0005.2%
Single Family $222,0005.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$151,0004.1%
    3 Bed
    		$234,0005.9%
    4 Bed
    		$232,0005.5%
    5 Bed $202,1722.8%
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    10.8%
    2 Bedrooms
    21.9%
    3 Bedrooms
    54.4%
    4 Bedrooms
    7.9%
    5+ Bedrooms
    2.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.1%
    1 Bedroom
    25.6%
    2 Bedrooms
    32.2%
    3 Bedrooms
    27.3%
    4 Bedrooms
    6.7%
    5+ Bedrooms
    2.0%

    Property Listings — Lyell Otis, Rochester, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Lyell Otis, Rochester, NY is 37. This is a decrease of -16.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$125,0000.0%
    Listing Count
    		6913.0%
    Listings as % of Homes0.2%13.0%
    Days on Market
    		37-16.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$221,000
    Median Household Income$57,300

    Lyell Otis, Rochester, NY — ZIP Code Boundary Map

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