In a recent CNNMoney.com article, Rochester also made the “10 Best cities to buy a rental property”. Rochester is surrounded by educational institutes such as The University of Rochester, RIT and many SUNY schools which uphold the rental market. Similarly to the housing market, the rental market has remained stable and is projected the get stronger through the next few years as more businesses join the area.
Rochester: One of the Best Places to Buy a Rental Property
Over the last couple of years, Rochester has remained one of the most stable housing markets in the country. Home prices have not depreciated like other areas, which is why last week MSN named Rochester as the #1 most livable markets in the country. Along with home prices remaining stable, unemployment is at 7.1%, which is well below the national level.