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Monroe County, NY

RANK #235 / 996  ·  POP 756,406  ·  NY

PROJECTED GROWTH: +1.9%

Monroe County combines solid growth with real affordability — a rare combination.

[01] Why Monroe County?

Monroe County, New York, is often recognized for its extensive park system, with Mendon Ponds Park standing out as a National Natural Landmark spanning over 2,500 acres of woodlands, ponds, and wetlands. Located in upstate New York, the county is home to the city of Rochester and 19 towns and villages, offering a blend of urban amenities and suburban comfort. Commutes within the county are generally short, averaging around 20 minutes. The Genesee River bisects the county, flowing through Rochester and into Lake Ontario, providing waterfront access and natural scenery.

Life in Monroe County is characterized by access to cultural amenities, recreational activities, and a range of educational opportunities. Public schools in towns like Pittsford and Fairport are highly rated. The economy is diverse, with a focus on technology, manufacturing, and higher education institutions such as the University of Rochester and Rochester Institute of Technology. Recent economic developments include investments in workforce development programs and support for businesses, aiming to create job opportunities and retain talent. The county also addresses housing needs through initiatives to increase inventory across various price points.

[02] Market Snapshot

Housing Ratio
2.7x

Undervalued relative to economy

GDP Growth
+2.7%

Above national median

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
-0.8

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Monroe County U.S. National

The Numbers

DEMOGRAPHICS
Population
756,406
-0.12% YoY
Median Household Income
$71,450
Median Home Value
$182,700
+3.07% 12mo
Median Rent
$1,085
Average Annual Pay
$66,838
+3.8% YoY
Employment
382,138
+1.2% YoY
Income-to-Home-Value
0.3911
More affordable than average
Migration Inflow
2.43%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$243,000
Days on Market
12
Very hot — homes selling fast
Months of Supply
1.2
Seller's market
Sale-to-List Ratio
109.3%
Homes selling above asking
Sold Above List
64.7%
Listings w/ Price Drops
11.4%
Building Permits (2024)
1,156
Single-Family Permits
462

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,605M
TOTAL
PROJECT AMOUNT STATUS
Google Data Center Campus
Google
$1,100M Planned
Rochester-Monroe Transformation Initiative
New York State (with Monroe County and City of Rochester)
$300M Proposed
Eastwater Energy Storage
Undisclosed (Grid Connected Infrastructure likely)
$100M Planned
Applied Technology Center at Monroe Community College
Monroe Community College
$55M Under Construction
Community Solar Portfolio (Multiple Projects)
Various (AES Distributed Energy, Generate Capital, Avon Solar Farm LLC, etc.)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.7% 51 percentile
Population Growth -0.1% 24 percentile
Income Growth +7.7% 31 percentile
Vacancy Rate 1.3% 35 percentile
Home Price Change +3.1% 72 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 10x 88 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Monroe County, NY a good place to move to?

Monroe County has a Boom Town Index score of 76/100, ranking #235 among 996 U.S. counties. With job growth at +1.2% and a median household income of $71,450, it's an above-average county on economic indicators.

Is Monroe County affordable?

The median home value in Monroe County is $182,700 with median rent at $1,085/month. The income-to-home-value ratio is 0.3911, which is more affordable than the national average.

Is Monroe County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +1.2%. Home values changed +3.1% in the past 12 months.

Are people moving to Monroe County?

Yes — 2.43% of Monroe County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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