The housing market in Syracuse, NY is booming compared to the national average. According to recent data, the median house value in Syracuse is $162,700, while the US median house value is $338,100. Additionally, over the past year there has been a 14.28% increase in home values in Syracuse compared to just 8.27% nationally. This means that many potential homeowners and investors are flocking to the area for its promising real estate market. With such impressive year-over-year growth and an affordable median price point, it’s no wonder why Syracuse is becoming increasingly popular for housing purposes.
The median home cost in Syracuse is $162,700. Home appreciation the last 10 years has been 63.4%. Home Appreciation in Syracuse is up 13.6%.
Average Age of Homes
- The median age of Syracuse real estate is 72 years old
The Rental Market in Syracuse
- Renters make up 52.3% of the Syracuse population
- 5.7% of houses and apartments in Syracuse, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.