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Syracuse

Learn about the people, housing, costs and businesses in Syracuse

Median Home$194,616
Median Rent$1,115/month
Population656,410
Leading IndustriesPublic Administration · Professional Services31% public administration
Home Value Growth⬆⬆⬆+23.1% over 2 years
Retirees19% of residentsnear the national average
Homeowners68% of occupied units
Syracuse

Frequently Asked Questions

What are today's mortgage rates in Syracuse?

Mortgage rates for Syracuse are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Syracuse?

The median home value in Syracuse is $195k. The median monthly rent is $1,115. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Syracuse?

Home values in Syracuse have increased 23.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Syracuse?

Based on a typical all-in ownership cost of $1,195/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Syracuse is $79k/year.

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What industries drive the economy in Syracuse?

The largest employment sectors in Syracuse are public administration (31%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.