Syracuse
New York · Ranked #8 of 102 metros
72Affordable
Median Home Price
🏠$190K
Need $55K income
Median Rent
🔑$1K
Need $40K income
Housing Shortage
📉6,000
units needed
Building Permits
🔨2,500
annual
Median Income
💰$56K
Pop: 650,502
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+7%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Syracuse | National |
|---|---|---|
| Price-to-Income Ratio | 3.4x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 63.0% | 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% |