Rochester is the third largest city in NY state. It was America’s first boomtown, largely due to it being the biggest flour producing city in the world in the 19th century. Median Income levels are low, making it a city of renter’s rather than home owners. It’s home to a large number of international businesses, and is the world capital of imaging technology and optical science, with the University of Rochester ranked number 1 in the country for optical science services. The real estate market expects capital gains of above 5% this year, and Rochester has the distinction of being named in the top 10 places to own real estate in the USA. (CNN). Rochester-is an area for pure rental yield, and was also ranked No1 for business location and quality of life out of 362 metropolitan areas USA wide.