It's probably more stagnant/shrinking population that necessarily something explicitly wrong with it. It's like a midsized city and what's nearby are other midsized cities with probably similar population trends. Not close enough to NYC to be a commuter city. I think the usual pressures for housing prices are regional population growth or getting somehow becoming another city's de facto suburb.

Its not a growing place, but it is probably due for ppl to move back. Its got an old town core and low prices.

I went to college in Rochester and stayed for a total of about 15 years - the housing market didn't crash in 2008 because it never was booming in the first place.

Now I'm in the Midwest with racist assholes and over priced homes. If it weren't for the 9-10 months of non-stop overcast weather, I'd strongly consider moving back to Rochester and keep working remotely.