Downtown Syracuse, Syracuse, NY—13202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Syracuse, Syracuse, NY
As of Oct '25, the median home price in Downtown Syracuse, Syracuse, NY is $368,000, with a year-over-year change of 3.0%. This indicates that home prices in Downtown Syracuse, Syracuse, NY are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 3.0% |
| Single Family | $321,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $138,000 | 0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Syracuse, Syracuse, NY
As of July '25, Rentcast reports the average rent in Downtown Syracuse, Syracuse, NY is $2,090, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Downtown Syracuse, Syracuse, NY is 1-bedrooms: $1,900, 2-bedrooms: $2,200, 4-bedrooms: $3,600. The most common rental property sizes in Downtown Syracuse, Syracuse, NY are 1-bedroom and 2-bedroom, accounting for 36.0% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,900 |
| 2 Bed Rent | $1,880 | $2,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,600 | $3,600 |
% of Rental Stock
Property Listings — Downtown Syracuse, Syracuse, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Syracuse, Syracuse, NY is 11. This is a decrease of -71.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $436,000 | 129.0% |
Listing Count | 5 | -7.0% |
| Listings as % of Homes | N/A | -7.0% |
Days on Market | 11 | -71.0% |
Demographics — Downtown Syracuse, Syracuse, NY
As of the latest ACS Survey released in 2023, Downtown Syracuse, Syracuse, NY has a population of 6,840, which has increased by 4.0% over the past 5 years. Downtown Syracuse, Syracuse, NY is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 36.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,840 | 4.0% |
% Under 18 | 21.6% | -5.3% |
% Seniors | 5.4% | 38.5% |
% WFH | 11.4% | 147.8% |
% w/ College Degree | 36.4% | 10.6% |
As of the latest ACS Survey released in 2023, Downtown Syracuse, Syracuse, NY is a predominantly black area, with 42.7% of the population identifying as black. The black population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Downtown Syracuse, Syracuse, NY is white, making up 31.7% of the population. Foreign-born residents account for 10.5% of the population in Downtown Syracuse, Syracuse, NY, and this percentage has decreased by 45.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 31.7% | 5.0% |
% Black | 42.7% | -13.7% |
% Hispanic | 17.3% | 47.9% |
% Asian | 5.6% | -12.5% |
% Foreign Born | 10.5% | -45.3% |
Mortgage and Risk — Downtown Syracuse, Syracuse, NY
According to HUD data as of 2023, there were 13 mortgage originations in Downtown Syracuse, Syracuse, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Downtown Syracuse, Syracuse, NY. Investor activity is low, as 15.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 13 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 15.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Downtown Syracuse, Syracuse, NY
Downtown Syracuse, Syracuse, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,372 |
Total Units Section 8 | 468 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 83.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$520 | $1,750 | $1,230 |
| 2 Bedroom | -$370 | $1,880 | $1,510 |
| 3 Bedroom | N/A | N/A | $1,850 |
| 4 Bedroom | -$1,520 | $3,600 | $2,080 |
Affordability — Downtown Syracuse, Syracuse, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.2 |
| Median Home Price | $368,000 |
| Median Household Income | $27,400 |