Webresidents are seeing the effects in their property values. Economist kent gardner recently wrote about the effects of the market. We discuss how the last five. Webdespite a drop in mortgage rates, some housing markets are still seeing mild home price declines, according to zillow data. Webthe average home value in rochester, ny is $226,005. Learn more about the rochester housing market and real estate trends. Webhome prices have been surging here, a fact captured in the city of rochester’s controversial recent property reassessments. When property values rise, it.