Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$268,949+6.6% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 10% have cut their price
Income needed to buy, per year$58,302About 0.8× the local median income ($75,965): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+5.2%Zillow expects prices to rise strongly
The typical home in Syracuse, NY is worth $268,949, up 6.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $213,261, so the area is 26.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are up 30% from a year ago, 10% of listings have had a price cut. Zillow expects prices to rise about 5.2% over the next year. A household needs about $58,302 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,965. Typical rent is $1,627 a month, or $2,219 for a house. In the latest IRS figures, 2,295 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$268,949
Change in 1 year
+6.6%
Overvalued %
+26.1%
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Fair home value
$213,261
Change in 5 years
+48.2%
Zillow forecast, next 12 months
+5.2%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,458
Income needed to afford it
$58,302
Property tax rate
2.43%
Rent and investing
Typical rent
$1,627
Typical rent for houses
$2,219
Price-to-rent ratio
13.8×
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HUD Fair Market Rent, 2 bedrooms
$1,493
Gross rental yield
7.26%
Cap rate (estimate)
4.72%
Market activity
Listings vs a year ago
+30.5%
Days on market
54
Listings with a price cut
10.4%
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Homes for sale
1,201
Pending sales per 100 listings
152
Asking price per sq ft
$184
People and jobs
Median household income
$75,965
Population change (1 year)
−0.2%
Unemployment rate
5.4%
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Population
652,273
Income adjusted for cost of living
$79,378
Net moves in (IRS)
−2,295
Cost of living (US = 100)
95.7
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
83.7
Unhealthy air days a year
3
Show 4 more
Flood risk score
91.0
Wildfire risk score
41.7
Walkability (1 to 20)
9.8
Road, rail and air noise
53 dB
Questions people ask
Is Syracuse, NY overvalued?
Home prices in Syracuse, NY are well above what local incomes have historically supported: fair value is about $213,261, so the area is 26.1% overvalued.
Is Syracuse, NY a buyer's or seller's market?
Syracuse, NY is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are up 30% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Syracuse, NY?
Home values in Syracuse, NY are up 6.6% over the last year. Zillow's forecast for the next 12 months is +5.2%.
How much do you need to earn to buy a home in Syracuse, NY?
A household needs about $58,302 a year to afford the typical home in Syracuse, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,965.