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Monroe County No. 2 for home ownership

Monroe County ranks among the best places to own a home in New York, according to research from a financial technology company.

Monroe County ranks second in the state, following Allegany County, according to Smart Asset’s third annual study. The study compares average rent and home prices in counties across the United States.

According to the study, Monroe County posted an average monthly mortgage payment of $548, average monthly rent of $1,215 and average home price of $203,873. Its rent versus buy index was 89.5.

No. 10 Genesee County was the  other area county in the top 10. It had an average monthly mortgage payment of $423, average monthly rent of $1,117 and average home price of $165,081. Its rent versus buy index was 83.3.

Follow Andrea Deckert on Twitter: @andrea_deckert

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email madams@bridgetowermedia.com.

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