Rochester has one of the worst real-estate markets nationwide and the fourth worst midsize market, according to a new report from WalletHub.
Using 21 metrics to compare 300 cities across the country, WalletHub ranked Rochester 281st overall and 95th among midsize cities. Frisco, Texas, ranked first in the report.
Rochester ranked 292nd for its job growth and 278th for its population growth. The region ranked 264th for its percentage of delinquent mortgage holders and 228th for its average days until sale.
Rochester’s affordability and economic environment rank overall was 232nd, while its real estate market rank was 282nd.
Experts polled by WalletHub say the millennial homeownership rate is low, which may have an impact on the overall housing market. In some cases that results from high student loan debt and underemployment among the under-35 age group.
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