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Study: Monroe County housing market less vulnerable than most

Monroe County’s housing market should be fairly resilient in the wake of the coronavirus pandemic, according to a recent statistical analysis by Attom Data Solutions.

Attom Data Solutions, a national property database curator, used fourth quarter foreclosure activity, estimated home equity and homeowner costs to rank the most and least vulnerable of 483 counties in the United States.

Monroe County was ranked 389th in vulnerability, based on low foreclosure activity (just 0.09 percent, or 306 of 325,818 total housing units), comparatively fewer underwater mortgages (9.3 percent) and the percentage of income required for a home purchase (24.5 percent).

Among the 22 largest counties in New York, Monroe ranked second-best. Only Niagara County was less vulnerable.

Of the 50 most vulnerable counties, 24 are in just two states, New Jersey (14) and Florida (10).

The most vulnerable counties in New York are Rockland (fifth nationally) and Orange (ranked 12th).

koklobzija@bridgetowermedia.com/(585) 653-4020

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