Housing

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Source: U.S. Census Bureau

What does this measure?

The ratio of the median home value divided by the median household income, adjusted for inflation, and shown for homeowners in various racial and ethnic groups.

Why is this important?

This ratio provides a rough estimate of the affordability of homes in a community. A ratio less than 2 or 3 is considered affordable.

How is our region performing?

Housing in Monroe County was considered affordable in 2013-17 for all racial and ethnic groups, with all ethnicities below 2.0. All racial/ethnic groups had more affordable housing in our region than compared to their respective groups in the state or nation. The affordability ratios for Asian and white homeowners (2.0 and 1.7 respectively) were somewhat higher than for African American and Hispanic homeowners (1.2 and 1.5 respectively).

In 2013-17, Asian and white residents had the highest median home values in Monroe County, at about $183,000 and $152,400 respectively. African Americans had the lowest median home values in the county at $81,400, while Hispanic home values were at $105,500. Although there are similar disparities at the national level, the differences between ethnic groups were less in Monroe County. The City of Rochester had a smaller discrepancy between races, though lower values overall; all median home values were within the range of $68,600 to $89,500 in 2013-17.

Notes about the data

Multiyear data are from the Census Bureau's American Community Survey, Public Use Microdata Sample, which paired up four counties (Orleans/Genesee, Wyoming/Livingston) due to relatively small populations. The American Community Survey combines five years of responses to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator are expected to be released in the first quarter.

Housing Affordability - Owning by Race/Ethnicity, 2013-17
AsianBlack or African AmericanLatino or HispanicWhite
United States3.52.22.62.5
NYS5.03.93.62.9
NYS (excluding NYC)3.42.93.02.5
Region2.01.31.61.8
Monroe2.01.21.51.7
Surrounding Counties2.12.11.61.7
Ontario/Yates2.61.81.42.0
Orleans/Genesee1.62.01.21.6
Wayne/Seneca1.62.22.11.7
Wyoming/Livingston2.82.11.51.6
Rochester0.91.11.41.4

Source: U.S. Census Bureau
Notes: The Census Bureau asks people to identify their race (white, African-American, etc.) separate from their ethnicity (Hispanic or non-Hispanic). So the totals for these categories cannot be added together, as people show up in both a racial and ethnic group.




Median Home Value by Race/Ethnicity, 2013-17
AsianBlack or African AmericanLatino or HispanicWhite
United States$390,549$148,579$178,212$205,738
NYS$524,942$376,069$362,915$286,857
NYS (excluding NYC)$428,028$290,735$309,277$234,609
Region$182,605$84,387$101,633$141,738
Monroe$183,034$81,442$105,482$152,353
Surrounding Counties$177,662$119,414$94,063$125,847
Ontario/Yates$223,234$112,083$97,124$159,660
Orleans/Genesee$174,292$124,809$75,432$108,755
Wayne/Seneca$152,776$111,443$97,235$117,037
Wyoming/Livingston$161,964$146,868$81,939$119,392
Rochester$68,552$64,521$64,112$89,484

Source: U.S. Census Bureau
Notes: Figures are in constant 2016 Dollars.











Worse than NYS by 10% or more
Up to 10% worse than NYS
Equal to or better than NYS


INDICATORS - Grouped by Topic REGIONAL VALUE YEAR NYS COMPARISON TREND | REGION
*No or multiple regional values for this indicator


Worse than NYS by 10% or more
Up to 10% worse than NYS
Equal to or better than NYS





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