Rochester is located in upstate New York on the southern shore of Lake Ontario. It is the 3rd most populous city in the state of New York. Rochester was one of Americas first boomtowns and was built on manufacturing. However, as manufacturing declined it rebuilt itself as an international centre of higher education, medical and technological development. Excellent investment opportunities are available in Rochester, but investors should be mindful that like many American cities, it is very pocketed. Know your neighbourhoods before investing here so you can enjoy stable returns and great cashflow.
Statistics for Single Family Homes and Condos in Rochester, NY
Employment by Sector and TrendsNote: Recessions shown in grey