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Homeownership rate falls in Rochester, across upstate

The homeownership rate in the Rochester metropolitan area declined from 65 percent in 2015 to 58 percent in 2016—the largest percentage drop among the nation’s top 75 metro areas, according to U.S. Census data released Tuesday. Defined by the U.S. Census Bureau as the proportion of total households that are owners, the homeownership rate in the U.S. and New York was virtually flat year-over-year, but fell in all upstate metro areas.

2/24/2017 (c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

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