Syracuse, New York Real Estate & Housing Market

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Syracuse Housing Information

Index	Syracuse	New York	National
Median home price	$89,900	$286,300	$184,700
Median rent asked	$737	$1,159	$949
Avg. people per household	2.4	2.6	2.6
Owner occupied households	38.8%	53.6%	63.6%
Renter occupied households	61.2%	46.4%	36.4%

Above, you'll find an overview of the real estate market in Syracuse, NY. Generally, real estate in the Syracuse, NY area is more affordable in New York, as the median price of a home in Syracuse, NY is $89,900, which is 69% lower than the New York average. The median rental price in Syracuse, NY is $737. This is 36% lower than the average rental price in New York. Home owners comprise 38.8% of the population of Syracuse, NY, where an average of 2.4 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Syracuse, NY. Below, you can search for real estate listings in Syracuse, NY using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Syracuse Home Affordability

When searching for real estate in Syracuse, NY, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Syracuse, NY, the median house price is $89,900, while the median income for households in the area is $32,704. Therefore, the ratio of house price to income is 2.7x; this ratio is 42% lower than the average in New York. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Syracuse, NY.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Sand Ridge, NY	642	$74,800	60%
Cleveland, NY	708	$82,400	55%
Mattydale, NY	6,555	$83,800	55%
Nedrow, NY	2,236	$84,700	54%
Bridgeport, NY	1,593	$86,900	53%
Syracuse, NY	144,350	$89,900	51%

Cities with similar population

City, State	Population	Home Price	National Avg.
Savannah, GA	144,717	$145,100	21%
Metairie, LA	144,772	$219,300	19%
Mesquite, TX	143,771	$112,400	39%
Frisco, TX	145,646	$300,900	63%
Naperville, IL	145,789	$388,400	110%
Syracuse, NY	144,350	$89,900	51%

Source: The Syracuse, NY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).