Gates, Rochester, NY—14624
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gates, Rochester, NY
As of Nov '25, the median home price in Gates, Rochester, NY is $254,000, with a year-over-year change of 3.3%. This indicates that home prices in Gates, Rochester, NY are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 3.3% |
| Single Family | $255,000 | 3.2% |
| Condos | $195,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | 2.1% |
3 Bed | $247,000 | 2.9% |
4 Bed | $286,000 | 2.9% |
| 5 Bed | $314,078 | 3.1% |
% of Housing Stock
Rental Trends — Gates, Rochester, NY
As of July '25, Rentcast reports the average rent in Gates, Rochester, NY is $1,860, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Gates, Rochester, NY is 1-bedrooms: $1,400, 2-bedrooms: $1,830, 3-bedrooms: $2,320. The most common rental property sizes in Gates, Rochester, NY are 2-bedroom and 1-bedroom, accounting for 46.9% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,840 | $1,830 |
| 3 Bed Rent | $2,200 | $2,320 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gates, Rochester, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Gates, Rochester, NY is 47. This is a increase of 38.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | 2.0% |
Listing Count | 85 | -4.0% |
| Listings as % of Homes | 0.1% | -4.0% |
Days on Market | 47 | 38.0% |
Demographics — Gates, Rochester, NY
As of the latest ACS Survey released in 2023, Gates, Rochester, NY has a population of 38,800, which has increased by 8.2% over the past 5 years. Gates, Rochester, NY is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | 8.2% |
% Under 18 | 22.0% | 12.8% |
% Seniors | 18.5% | 7.6% |
% WFH | 12.0% | 233.3% |
% w/ College Degree | 33.5% | -0.9% |
As of the latest ACS Survey released in 2023, Gates, Rochester, NY is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Gates, Rochester, NY is black, making up 9.4% of the population. Foreign-born residents account for 7.3% of the population in Gates, Rochester, NY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.7% | -4.5% |
% Black | 9.4% | -16.1% |
% Hispanic | 6.4% | 68.4% |
% Asian | 3.2% | 77.8% |
% Foreign Born | 7.3% | 0.0% |
Mortgage and Risk — Gates, Rochester, NY
According to HUD data as of 2023, there were 974 mortgage originations in Gates, Rochester, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Gates, Rochester, NY. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 974 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Gates, Rochester, NY
Gates, Rochester, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 391 |
Total Units Section 8 | 391 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,400 | $1,300 |
| 2 Bedroom | -$220 | $1,840 | $1,620 |
| 3 Bedroom | -$250 | $2,200 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,150 |
Affordability — Gates, Rochester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $254,000 |
| Median Household Income | $86,000 |