A recent study from Clear Capital found that the Rochester, New York, housing market enjoyed the fourth-highest year-over-year price gains nationwide in 2011, as we mentioned in a blog post last week. But, why does Rochester real estate have such strong price growth? The answer is, for those buying a home in New York, Rochester tops many people's lists as an ideal place to live.
One of the reasons is that Rochester has been consistently rated as having excellent quality of life standards, with especially divorce rates, crime rates and even average commute times, according to the Rochester Visitors Association. In additon, the Bureau of Labor Statistics reports that the city has an unemployment rate of 6.9 percent, significantly lower than the national average.
Located in the Finger Lakes region, Rochester is located in the midst of miles of parks, three bodies of water (Lake Ontario, the Genesee River and the Erie Canal) and mountains, making the options for outdoor activities endless, no matter the season – not to mention, the picturesque beauty and tranquility that living with these surroundings brings.
But, Rochester also places an emphasis on local business and economic development. It is a leader in the production of medical devices, as well as other aspects of the tech industry. The region is also home to nine colleges and universities, which further contribute to the intellectual, cultural and economic development of the community.
If you are interested in buying a home in Rochester, you may want to consider contacting one of your local real estate agents in New York to get a complete introduction to the city and find out what it can offer you and your family.
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