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Ontario County, NY

RANK #108 / 996  ·  POP 112,288  ·  NY

PROJECTED GROWTH: +2.8%

Ontario County is one of America's fastest-growing metros, with explosive job creation driving its boom.

[01] Why Ontario County?

Canandaigua, a historic city on the lake of the same name, stands out in Ontario County, New York, known for its scenic beauty and role as the county seat. Located about 30 minutes southeast of Rochester, the county offers a blend of small-city, suburban, village, and rural living. The region is characterized by its glacial Finger Lakes, providing extensive outdoor recreation opportunities like hiking, biking, swimming, and boating. Commute options include regional bus services, and major roadways like the New York State Thruway, Routes 5 & 20, and Route 96 offer access to neighboring communities.

Life in Ontario County appeals to families and those seeking a quieter pace, with public schools generally performing above average. The local economy, historically rooted in agriculture and tourism, particularly the Finger Lakes wine region, is experiencing shifts. Recent economic developments show a focus on attracting new residents and businesses, with major investments in energy infrastructure and high-tech industries. However, housing development faces challenges due to electrical grid capacity issues, impacting the growth of new residential projects.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+4.3%

Well above national median

Home Prices
+4.3%

Outpacing national median

Climate & Terrain
-0.7

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 3.1x — 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

Ontario County U.S. National

The Numbers

DEMOGRAPHICS
Population
112,288
+0.2% YoY
Median Household Income
$76,603
Median Home Value
$192,800
+4.29% 12mo
Median Rent
$1,061
Average Annual Pay
$64,047
+4.2% YoY
Employment
53,913
+3.2% YoY
Income-to-Home-Value
0.3973
More affordable than average
Migration Inflow
4.26%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$252,500
Days on Market
22
Active market
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
104.7%
Homes selling above asking
Sold Above List
52.2%
Listings w/ Price Drops
11.5%
Building Permits (2024)
287
Single-Family Permits
216

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

[05] Capital Investment

$449M
TOTAL
PROJECT AMOUNT STATUS
Resilient New York Energy Storage
Undisclosed (Planned for Richmond, NY)
$349M Planned
Community Solar Portfolio (Multiple Projects)
Various (NY CDG Ontario 2, LLC, AEP Onsite Partners, Argos Solar LLC, Abundant Solar Power Inc., Forefront Power LLC, Environomics, etc.)
$50M Operating/Planned
Ontario County Freight Rail Corridor Development Plans
Genesee Transportation Council / Ontario County
$50M Planned

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

[06] Score Breakdown

GDP Growth +4.3% 76 percentile
Population Growth +0.2% 39 percentile
Income Growth +8.4% 45 percentile
Vacancy Rate 1.1% 51 percentile
Home Price Change +4.3% 85 percentile
Rent Growth +6.4% 88 percentile
Price/Rent 9x 97 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Ontario County has a Boom Town Index score of 89/100, ranking #108 among 996 U.S. counties. With job growth at +3.2% and a median household income of $76,603, it's an above-average county on economic indicators.

Is Ontario County affordable?

The median home value in Ontario County is $192,800 with median rent at $1,061/month. The income-to-home-value ratio is 0.3973, which is more affordable than the national average.

Is Ontario County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +3.2%. Home values changed +4.3% in the past 12 months.

Are people moving to Ontario County?

Yes — 4.26% of Ontario 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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