Syracuse Metro Area, NY Housing

The housing market in the Syracuse, NY Metro Area is thriving. The median value of homes in this area is currently $194,800, significantly lower than the national median house value of $338,100. Furthermore, the 1 year appreciation rate for houses in Syracuse has been 10.96%, higher than the national rate of 8.27%. This indicates that the housing market in this area is strong and reflects positively on local economy and job prospects.

The median home cost in Syracuse Metro Area is $194,800. Home appreciation the last 10 years has been 64.1%. Home Appreciation in Syracuse Metro Area is up 14.3%.

Average Age of Homes

- The median age of Syracuse Metro Area real estate is 55 years old

The Rental Market in Syracuse Metro Area

- Renters make up 28.9% of the Syracuse Metro Area population
- 2.1% of houses and apartments in Syracuse Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Syracuse, New York	United States
	296,026.0	139,647,020.0
	58	42
	$194,800	$338,100
	14.3%	16.6%
	48.3%	57.0%
	64.1%	101.1%
	$27.93	$10.98
	$4,042	$2,690
	60.1%	57.4%
	11.5%	11.2%
	28.3%	31.4%
Vacant Housing
	2.1%	1.9%
	0.6%	0.4%
	1.0%	0.7%
	0.4%	0.4%
	3.2%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	2.0%	2.4%
	3.8%	2.8%
	7.7%	3.9%
	10.4%	4.5%
	25.3%	11.3%
	19.8%	13.0%
	17.7%	20.1%
	6.3%	13.6%
	2.2%	8.3%
	1.6%	9.7%
	0.6%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.4%	13.6%
	6.4%	13.6%
	8.4%	13.6%
	11.2%	13.2%
	12.6%	14.8%
	8.4%	13.6%
	14.6%	10.0%
	6.3%	4.7%
	25.0%	12.2%

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