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  1. Home
  2. /Browse ZIP Codes
  3. /New York
  4. /Rochester
  5. /Park Avenue, Rochester, NY - 14607

Park Avenue, Rochester, NY—14607

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$360,000
2.2% YoY Growth
Household Income
$56,300
24.2% YoY Growth
Days on Market
29
59.0% Shorter YoY
Home Price Forecast
1.7%
Median Rent
$1,320
17.2% YoY Growth
1-Bed Rent
$1,200
26.9% YoY Growth
2-Bed Rent
$1,450
5.3% YoY Growth
3-Bed Rent
$2,100
19.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Park Avenue, Rochester, NY

As of May '26, the median home price in Park Avenue, Rochester, NY is $360,000, with a year-over-year change of 2.2%. This indicates that home prices in Park Avenue, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$360,0002.2%
Single Family $364,0002.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$275,0003.0%
    3 Bed
    		$333,0002.5%
    4 Bed
    		$404,0004.4%
    5 Bed $510,6055.1%
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    % of Housing Stock

    Studio
    13.2%
    1 Bedroom
    38.8%
    2 Bedrooms
    28.6%
    3 Bedrooms
    13.5%
    4 Bedrooms
    4.3%
    5+ Bedrooms
    1.6%

    Rental Trends — Park Avenue, Rochester, NY

    As of July '25, Rentcast reports the average rent in Park Avenue, Rochester, NY is $1,500, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Park Avenue, Rochester, NY is studios: $832, 1-bedrooms: $1,320, 2-bedrooms: $1,580, 3-bedrooms: $2,250, 4-bedrooms: $2,420. The most common rental property sizes in Park Avenue, Rochester, NY are 1-bedroom and 2-bedroom, accounting for 46.8% and 27.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,320$1,500
    Studio Rent $825$832
    1 Bed Rent $1,200$1,320
    2 Bed Rent $1,450$1,580
    3 Bed Rent $2,100$2,250
    4 Bed Rent $2,500$2,420
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    % of Rental Stock

    Studio
    15.1%
    1 Bedroom
    46.8%
    2 Bedrooms
    27.4%
    3 Bedrooms
    9.5%
    4 Bedrooms
    0.8%
    5+ Bedrooms
    0.5%

    Property Listings — Park Avenue, Rochester, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Park Avenue, Rochester, NY is 29. This is a decrease of -59.0% 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
    		$475,0008.0%
    Listing Count
    		209.0%
    Listings as % of Homes0.0%9.0%
    Days on Market
    		29-59.0%
    Loading chart...

    Demographics — Park Avenue, Rochester, NY

    As of the latest ACS Survey released in 2023, Park Avenue, Rochester, NY has a population of 17,600, which has increased by 4.9% over the past 5 years. Park Avenue, Rochester, NY is a less popular place for families, as children make up 4.3% of the population. The area has a highly educated workforce, with 59.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,6004.9%
    % Under 18
    		4.3%-36.8%
    % Seniors
    		11.9%17.8%
    % WFH
    		19.4%304.2%
    % w/ College Degree
    		59.5%11.0%
    Loading chart...

    As of the latest ACS Survey released in 2023, Park Avenue, Rochester, NY is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Park Avenue, Rochester, NY is black, making up 8.3% of the population. Foreign-born residents account for 7.2% of the population in Park Avenue, Rochester, NY, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.2%-1.6%
    % Black
    		8.3%-23.1%
    % Hispanic
    		6.1%-3.2%
    % Asian
    		2.2%-33.3%
    % Foreign Born
    		7.2%28.6%
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    Mortgage and Risk — Park Avenue, Rochester, NY

    According to HUD data as of 2023, there were 102 mortgage originations in Park Avenue, Rochester, NY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Park Avenue, Rochester, NY. Investor activity is low, as 10.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		102
    % Conventional Loans
    		93.0%
    % Government Loans
    		7.0%
    % Investor Loans
    		10.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Park Avenue, Rochester, NY

    As of 2024, the percent of homes in Park Avenue, Rochester, NY under the Section 8 program is 6.1%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Park Avenue, Rochester, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		701
    Total Units Section 8
    		545
    % Rentals under Section 8
    		6.1%
    % Occupied Section 8
    		78.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$1,200$1,270
    2 Bedroom$130$1,450$1,580
    3 Bedroom-$200$2,100$1,900
    4 Bedroom-$410$2,500$2,090

    Affordability — Park Avenue, Rochester, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.5
    Median Home Price$360,000
    Median Household Income$56,300

    Park Avenue, Rochester, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    14604

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    Frequently Asked Questions