Park Avenue

Rochester, NY

Neighborhood Market Analysis

Q3 2025 Report
$238,000 (Rochester citywide, Park Ave typically 10-20% higher)
Median Home Price
85–90 (Very Walkable)
Walkability Score
Public schools are average; School of the Arts is highly regarded. Private options available nearby.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Alexander Street (west), Culver Road (east), East Avenue (south), and University Avenue (north).

Zip Codes

14607

Market Data Summary

Price Range$180,000–$400,000+ (Park Ave area)
Price per Sq Ft$151–$175 (Park Ave area, June 2025)
Inventory LevelsLow; average days on market 9–16 days. Move-in-ready homes especially scarce.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesCondosDuplexesTownhomes

Architectural Styles

VictorianColonial RevivalCraftsmanTudorEarly 20th-century apartments

Property Details

Typical Lot Sizes0.08–0.15 acres (urban lots)
Home Age RangeBuilt 1890–1930, with some modern infill
Construction QualityGenerally high, with many well-maintained historic properties; some homes require updates or restoration.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, artists, academics, and small families. Median age skewed younger than city average.

Community Vibe

Vibrant, walkable, artsy, and social. Strong sense of neighborhood identity and pride.

Typical Residents

  • Young professionals
  • Small families
  • Artists/creatives
  • Academics
  • Empty nesters

Family Friendly

Moderately family-friendly; more popular with singles, couples, and small families due to lot/home size and urban setting.

Amenities & Lifestyle

Parks & Recreation

  • Meigs-Park
  • Goodman Street Playground
  • Cobbs Hill Park (nearby)

Dining Options

  • Trendy cafes
  • International cuisine
  • Gastropubs
  • Bakeries

Shopping Centers

  • Village Gate Square
  • Parkleigh
  • Small local boutiques

Local Businesses

  • Independent coffee shops
  • Boutique retailers
  • Yoga studios
  • Bookstores

Education & Schools

Public schools are average; School of the Arts is highly regarded. Private options available nearby.
Overall School Rating

Elementary Schools

  • School 23 (Francis Parker)

Middle Schools

  • School of the Arts (lottery/admission)

High Schools

  • School of the Arts
  • East High School

Private Schools

  • Nazareth Elementary
  • The Harley School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • RTS bus lines along Park Ave, Goodman St, and East Ave

Major Roads

  • Park Avenue
  • East Avenue
  • Culver Road
  • Alexander Street

Commute & Walkability

Commute Times10–15 minutes to downtown Rochester by car or bike; 20–30 minutes by bus.
WalkabilityExcellent; daily errands possible without a car.
ParkingStreet parking is common; some homes have off-street parking but it is limited.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Small families
  • Investors
  • Empty nesters seeking walkability

Key Selling Points

  • Historic architecture
  • Vibrant local scene
  • Walkability
  • Strong rental demand

Pricing Considerations

Price competitively based on recent sales and condition; updated homes command premium.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Provide inspection reports, highlight recent upgrades, and connect buyers with local contractors.

Objection: Limited parking options.

Response Strategy:

Emphasize walkability, proximity to transit, and available off-street parking where applicable.

Objection: Smaller lot sizes and less yard space.

Response Strategy:

Showcase nearby parks and community green spaces.

Objection: Average public school ratings.

Response Strategy:

Highlight School of the Arts, private options, and enrichment opportunities in the neighborhood.

Investment Insights

Investment Potential

Appreciation Potential

Strong; historic homes and walkability drive steady demand. 3–5% annual appreciation forecast for 2025.

Rental Demand

Very high; popular with young professionals and grad students. Low vacancy rates for quality rentals.

Buyer Competition

Intense for move-in-ready and updated historic homes. Multiple offers common.

Best For

  • Young professionals
  • Investors seeking stable rental income
  • Buyers seeking urban lifestyle

Potential Concerns

  • Older homes may require significant maintenance
  • Limited yard/lot size
  • Parking challenges

Professional Recommendations

1

Leverage hyperlocal data and recent sales to set pricing expectations.

2

Stage homes to highlight historic features and flexible living spaces.

3

Educate buyers on the realities of older home maintenance and local contractor resources.

4

Promote the neighborhood’s walkability, amenities, and community events.

5

Prepare buyers for competitive offers and fast-moving market conditions.

6

Network with local business owners to cross-promote listings and neighborhood lifestyle.

Competitive Analysis

Comparable Markets

  • South Wedge
  • East Avenue
  • NOTA (Neighborhood of the Arts)

Market Positioning

Premium urban neighborhood with strong lifestyle appeal and stable investment potential.

Competitive Advantages

  • Superior walkability
  • Historic charm
  • Thriving local business scene

Price Comparison

Park Ave homes typically command a 10–20% premium over Rochester citywide averages.

Investment Metrics

5–6% for well-maintained rentals
Cap Rates
5–7% gross yield
Rental Yields
16–18 (favorable for investors)
Price-to-Rent
Positive for updated multi-family or well-located single-family rentals
Cash Flow
3–5% annual growth expected in 2025
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by vibrant lifestyle and walkability; may face competition and need to act quickly.

Move-Up Buyers

Drawn to larger historic homes; limited inventory can make move-up challenging.

Downsizers

Appeal of low-maintenance living and walkable amenities; smaller homes and condos are ideal.

Investors

Strong rental demand and appreciation; focus on updated multi-family or single-family homes.

Relocators

Urban amenities and proximity to downtown/universities are key draws; may need orientation to local market dynamics.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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