Compare Rochester, NY mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Rochester.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Rochester. Plus, shopping lenders is free and there is no obligation.
August 13, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Rochester. Understand how much you need to earn to afford a home in Rochester, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Rochester fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Rochester is right for you.
The median home value for Rochester, NY (Monroe County) is $197,473
Based on current mortgage rates and a 10% down payment, you need to make $41,196 per year to buy the median priced home in Rochester
With this income, you could qualify for a $177,725 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Rochester is $954
The median household income for Rochester, NY (Monroe County) is $66,920
Based on this income, you can afford a home valued at approximately $320,780
The home price you can afford to buy based on household income in Rochester is 162% of the median home value which means housing prices are average. Rochester (Monroe County) ranks 37 out of 62 counties in New York and 1,571 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Rochester, NY is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Rochester (Monroe County) below.
Conforming loan limits for Rochester, NY
FHA loan limits for Rochester, NY