Syracuse
New York · Ranked #216 of 373 metros
72Affordable
💡
Housing in Syracuse costs 2.59× the median income, below the national average of 4.5×. The median home price is $189K and median rent is $1,067/month. Syracuse ranks #216 of 373 metros for affordability.
Median Home Price
🏠$189K
Need $55K income
Median Rent
🔑$1,067
Need $40K income
Housing Shortage
📉6,000
units needed
Building Permits
🔨936
annual
Median Income
💰$73K
Pop: 650,502
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+7%
Homeownership
🏡69.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Syracuse | National |
|---|---|---|
| Price-to-Income Ratio | 2.59x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 69.0% | 65.5% |
| YoY Price Change | +7% | +3.5% |
| YoY Rent Change | +5% | +2.8% |
| Mortgage Denial Rate | 14.5% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +82.4%Since 2000: +206.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$995/mo
1 Bedroom$1,123/mo
2 Bedroom$1,392/mo
3 Bedroom$1,691/mo
4 Bedroom$1,848/mo
Zillow Market Data
Home Value (ZHVI)
$248K
1yr: +5.1%5yr: +52.7%
Rent (ZORI)
$1,620/mo
1yr: +3.7%5yr: +40.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$175K
Active Inventory
63
Days on Market
29
Sold Above List
42.1%
Price Drops
9.5%