Rochester, NY
Overall rank: 20
The Rochester metropolitan area, near Lake Ontario, is home to Eastman Kodak and the University of Rochester. Employment in the Rochester metro peaked in the third quarter of last year. Gross metropolitan product in the fourth quarter was down 5% from the peak in the fourth quarter of last year. Home prices grew 3.1% in the second quarter compared with the same period a year earlier. And the unemployment rate in June was 8.4%, up 3.1 points from a year earlier. (Please see below for the various criteria used by the Brookings Institution to determine the overall ranking.)
Job growth (since peak) rank: 10
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Gross Metro Product (since peak) rank: 67
Unemployment change (year over year) rank: 32
Home price change (year over year) rank: 9
Home values will hold well in Rochester. See the related post
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