Mortgage Calculator & Closing Costs: Rochester, NY
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rochester, New York.
Median Home Price
$185K
Population
211K
Avg Monthly Rent
$1,120
Property Tax Rate
1.72% *
* Property tax shown is the New York state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Rochester.
Rochester vs New York Median
The median home price in Rochester is $185,000, which is 57% below the New York state median of $430,000.
Mortgage Calculator — Rochester, NY
Pre-filled with Rochester median home price and New York tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $185K home using New York's 1.72% tax rate and $2,100/yr insurance.
5% Down
$1,654/mo
Down: $9,250
Loan: $176K
P&I: $1,111
Tax: $265
Insurance: $175
PMI: $103
10% Down
$1,590/mo
Down: $18,500
Loan: $167K
P&I: $1,052
Tax: $265
Insurance: $175
PMI: $97
20% Down (No PMI)
$1,376/mo
Down: $37,000
Loan: $148K
P&I: $935
Tax: $265
Insurance: $175
Income needed (28% rule): $59K/year with 20% down, $68K/year with 10% down.
Rent vs Buy in Rochester
Rent
$1,120/mo
vs
Buy (10% down)
$1,590/mo
Price-to-rent ratio: 13.8 — With a ratio under 15, buying in Rochester is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $470 more than renting, but you build equity with every payment.
The median home price in Rochester is $185,000, 57% below the New York state median of $430,000. With a population of 211,328, Rochester is a mid-size city where home prices tend to be more accessible than in many parts of New York.
Property taxes in New York average 1.72% annually. This higher-than-average tax rate means a $185,000 home in Rochester would carry roughly $265/month in property taxes alone — plan accordingly. Homeowners insurance in New York runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Rochester is $1,120/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Rochester over the long term.
Rochester offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with New York's SONYMA Achieving the Dream program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Rochester.