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Ontario County, NY

RANK #443 / 1001 NAT  ·  #34 / 45 NY  ·  POP 112,625

1YR FORECAST: +2.3%

5YR OUTLOOK: +29%

#23 Best Rental Yield
Ontario County's housing market is projected to grow +2.3% over the next year, tracking near the national average.

[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.

MARKET PROFILE

Heartland Steady Growth

Ontario County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +5.8% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
7.0x

Overvalued relative to economy

Home Prices
+5.8%

Outpacing national median

Climate & Terrain
-0.7

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks overvalued at 7.0x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Thompson Health (University of Rochester Medical Center affiliate) Healthcare
    1,000+
  2. 2
    Ontario County Government Government
  3. 3
    Canandaigua VA Medical Center Healthcare
    500+
  4. 4
    Clifton Springs Hospital & Clinic (Rochester Regional Health affiliate) Healthcare
  5. 5
    Finger Lakes Community College Education
    250+
  6. 6
    Hobart and William Smith Colleges Education
  7. 7
    GW Lisk Co Inc. Manufacturing
  8. 8
    Coopervision Inc. Manufacturing
  9. 9
    Canandaigua National Bank & Trust Finance
  10. 10
    Eastman Kodak Co. Manufacturing
    100+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Ontario County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
112,625
+0.2% YoY
Median Household Income
$82,324
Median Home Value
$222,900
+5.76% 12mo
Median Rent
$1,150
Average Annual Pay
$66,345
+3.6% YoY
Employment
53,693
-0.4% YoY
Income-to-Home-Value
0.3693
More affordable than average
Migration Inflow
3.88%
of pop. from another state
Bachelor's Degree+
38.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$330,000
Days on Market
11
Very hot — homes selling fast
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
104.4%
Homes selling above asking
Sold Above List
62.5%
Listings w/ Price Drops
20.6%
Building Permits (2025)
467
Single-Family Permits
375

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

[05] Crime & Safety

B+
SAFETY
GRADE
Firearm Fatalities
6.3
per 100K · nat avg 14.8
Injury Deaths
63.4
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] Score Breakdown

Population Growth +0.2% 31 percentile
Income Growth +3.1% 60 percentile
Vacancy Rate 0.8% 72 percentile
Home Price Change +5.8% 91 percentile
Rent Growth +2.9% 50 percentile
Price/Rent 10x 98 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

Ontario County scores 55/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#443). Median household income is $82,324 and job growth is running at -0.4%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Ontario County affordable?

By national standards, Ontario County is quite affordable. Homes here have a median value of $222,900, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,150/month. Residents can generally buy a home without being cost-burdened.

Is Ontario County growing or shrinking?

Population and employment in Ontario County are both close to flat — population +0.2% YoY and jobs -0.4%. Home values shifted +5.8% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Ontario County?

There's a moderate stream of newcomers. About 3.88% of residents moved from another state, which is above average and suggests Ontario County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Ontario County?

Home values climbed +5.8% year-over-year, which is a solid pace of appreciation. The median home in Ontario County is now valued at $222,900. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Dutchess County, NY 54 Richmond County, NY 57 Rensselaer County, NY 57 Onondaga County, NY 58 Cayuga County, NY 59 Monroe County, NY 60 Lowndes County, GA 55 Wood County, OH 55