Syracuse housing market
Typical home value
$269K
▲ 6.6% 1 yr
Typical rent
$1,627/mo
▲ 3.2% 1 yr
12-month forecast
+5.2%
#6 of 546 metros
Gross rent yield
7.3%
#97 of 546 · U.S. 6.3%
Days to pending
23 days
■ 0 days 1 yr
Listings with a price cut
20%
▼ −1.2 pts 1 yr
Key takeaways
- 1The typical home is worth $268,949, up 6.6% in a year and up 48% over five years.
- 2Zillow forecasts home values rising 5.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,627/mo (+3.2% YoY), a 7.3% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,478/mo in principal and interest, $149 less than renting.
- 5Homes go under contract in 23 days (0 days vs last year); 20% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 66/100, #8 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Syracuse compares
| Measure | Syracuse | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +6.6% | +1.2% | #21 |
| Home value, 5-yr change | +48.2% | +19.7% | |
| 12-month forecast | +5.2% | +1.1% | #6 |
| Rent, 1-yr change | +3.2% | +2.7% | #277 |
| Gross rent yield | 7.3% | 6.3% | #97 |
| Price-to-rent ratio | 13.8 | 15.8 | |
| Mortgage P&I on typical home | $1,478 | $2,012 | |
| Income needed to buy | $75,985 | $100,902 | |
| Days to pending | 23 | 56 |
Cities in the Syracuse metro
1 cities with home value and rent data.
| Syracuse | $223K | ▲ 5.5% | $1,566 | ▲ 3.6% | 8.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Syracuse rental ($269K, $1,627/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Syracuse home.
Rent vs buy
Is it cheaper to rent or buy in Syracuse?
Renting out a property in New York? See deposit limits, late fee rules and notice periods.
Other New York metros
New York, NY
$731K home$3,546 rent5.8% yield
▲ 4.9% 1 yr
Buffalo, NY
$287K home$1,451 rent6.1% yield
▲ 3.6% 1 yr
Rochester, NY
$281K home$1,532 rent6.5% yield
▲ 4.9% 1 yr
Albany, NY
$373K home$1,693 rent5.4% yield
▲ 5.0% 1 yr
Utica, NY
$231K home$1,424 rent7.4% yield
▲ 5.8% 1 yr
Binghamton, NY
$203K home$1,610 rent9.5% yield
▲ 6.9% 1 yr
Kingston, NY
$452K home$2,015 rent5.4% yield
▲ 3.6% 1 yr
Jamestown, NY
$181K home$1,078 rent7.2% yield
▲ 4.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.