Housing is an important asset to our region. Old and new developments offer a diverse mix of styles, materials and landscapes that make the region an attractive place to call home.
Despite the boom and bust of the housing bubble, national and state median home values increased overall during the past decade. Regional home values have been stable since 2000.
Housing tends to be more affordable here than elsewhere in the nation. The median price of purchasing a home is significantly lower than state and national averages while the cost of rental housing is also lower than state and national averages. However, lower incomes result in a less favorable affordability measure for our region's renters.
Nonetheless, some members of our community face significant housing challenges. Rates of homelessness appear to have increased, as evidenced by a 59% increase in emergency shelter placements in Monroe County since 2000.
Another concern is the age of the housing stock, which affects indicators such as healthy neighborhoods and elevated blood-lead levels in children. The issue of blood-lead levels are covered in detail in the Children and Youth section.
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Banner photo provided by Rochester Downtown Development Corp. Photo provided by Mary Holleran/Rochester Area Community Foundation.