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Ontario County, NY

Victor

RANK #262 / 996 NAT  ·  #13 / 45 NY  ·  POP 112,288

1YR FORECAST: +2.2%

5YR OUTLOOK: +30%

#27 Best Rental Yield
Our model projects above-average housing market growth for Ontario County at +2.2% over the next year.

[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] 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

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
Bachelor's Degree+
37.2%
of residents (national avg: 33%)

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] 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

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.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 74/100, Ontario County sits in the upper half of all 996 ranked counties. Employment is expanding at +3.2%, and median household income stands at $76,603 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NY.

Is Ontario County affordable?

By national standards, Ontario County is quite affordable. Homes here have a median value of $192,800, and the income-to-home-value ratio of 0.40 is well above the U.S. average — especially with median rent at just $1,061/month. Residents can generally buy a home without being cost-burdened.

Is Ontario County growing or shrinking?

Employers in Ontario County are hiring — job growth of +3.2% — but the population is close to flat (+0.2% YoY). Home values moved +4.3% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Ontario County?

There's a moderate stream of newcomers. About 4.26% 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.

[09] Similar Counties by Size & Score

Fulton County, NY 74 Onondaga County, NY 73 Wayne County, NY 73 Chemung County, NY 73 Herkimer County, NY 72 Schenectady County, NY 72 Laramie County, WY 74 Marshall County, AL 74