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Rochester, NY mortgage & affordability calculator

The typical home in Rochester, NY is worth about $220,000. With 20% down that's a loan near $176,000 — the calculator is pre-filled with that figure. Like much of upstate New York, Monroe County pairs low home prices with one of the highest effective property tax rates in the nation, so taxes can rival principal and interest on a modest house. Kodak's decline reshaped the local economy, but healthcare and imaging/optics firms have filled much of the gap.

$1,142.70 / month

Total interest
$235,375
Total paid
$411,375
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$44k$88k$132k$176k0612182430Year

How much you need to earn

Rochester, NY's median household income is about $65,000 a year. Under standard 28/36 lending rules that supports a home price around $188,780 with 20% down — below the $220,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$188,743 max home price

Max loan amount
$144,743
Housing payment budget
$1,517
P&I budget
$940
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Rochester, NY is about $1,350 a month, so owning the median home costs roughly $369 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Rochester, NY?
On the metro's roughly $220,000 typical home with 20% down, the loan is about $176,000. Principal and interest run near $1,143 a month at today's rate, and Rochester, NY's property tax plus insurance add about $577, for a full payment near $1,719.
Can I afford a home in Rochester, NY on the median income?
The median household income is about $65,000 a year. Under standard 28/36 lending rules that supports a home price around $188,780 with 20% down — below the $220,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Rochester, NY?
Typical asking rent is about $1,350 a month. The full owner payment on a median home is near $1,719, so owning costs roughly $369 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Rochester, NY?
The effective property tax rate in the core county is about 2.60% of market value — roughly $5,720 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Rochester, NY rising or falling?
Home values are up about 6% over the past year. Like much of upstate New York, Monroe County pairs low home prices with one of the highest effective property tax rates in the nation, so taxes can rival principal and interest on a modest house. Kodak's decline reshaped the local economy, but healthcare and imaging/optics firms have filled much of the gap.

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