The housing market in Syracuse, IN has been booming over the past year. The median house value is higher than the US median house value at $302,300 compared to $338,100. Additionally, the one-year house appreciation rate in Syracuse was significantly higher than the US average of 8.27%, coming in at a whopping 13.05%. Clearly there is a strong demand for housing in this area and it looks like it will remain that way for some time.
The median home cost in Syracuse is $302,300. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Syracuse is up 16.4%.
Average Age of Homes
- The median age of Syracuse real estate is 44 years old
The Rental Market in Syracuse
- Renters make up 25.7% of the Syracuse population
- 2.2% 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.