Mortgage Rates in Rochester, New York: 2026 Guide
30-year fixed: 6.68%. Median home price: $230,000.
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Current Mortgage Rates in Rochester
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.760% | $1,185/mo |
| 15-Year Fixed | 6.16% | 6.230% | $1,569/mo |
| 5/1 ARM | 6.06% | 6.410% | $1,110/mo |
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6.68%
Avg 30yr Rate
$230,000
Median Home Price
210K
Population
1.72%
Property Tax
Rochester Market Insights
Rochester has built a reputation as one of the most affordable cities in the Northeast with a strong quality of life. The housing market remains accessible to first-time buyers, with median prices well below national averages. The University of Rochester, Rochester Institute of Technology, and strong healthcare sector provide economic stability. Neighborhoods like Park Avenue and the South Wedge offer urban living, while suburbs such as Pittsford and Brighton feature top-rated schools.
Frequently Asked Questions
What is the average mortgage rate in Rochester?+
The average 30-year fixed rate in Rochester is 6.68%.
Is Rochester affordable?+
Yes. The median home price is $230,000, making it very accessible. 20% down is $46,000.
What are property taxes in Rochester?+
NY property tax rate: 1.72%. Annual taxes: $3,956.