Near Northeast, Syracuse, NY—13203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Near Northeast, Syracuse, NY
As of Oct '25, the median home price in Near Northeast, Syracuse, NY is $178,000, with a year-over-year change of 5.7%. This indicates that home prices in Near Northeast, Syracuse, NY are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $178,000 | 5.7% |
| Single Family | $177,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 4.0% |
3 Bed | $163,000 | 4.5% |
4 Bed | $206,000 | 5.1% |
| 5 Bed | $388,000 | 7.5% |
% of Housing Stock
Rental Trends — Near Northeast, Syracuse, NY
As of July '25, Rentcast reports the average rent in Near Northeast, Syracuse, NY is $1,670, with a year-over-year rent change of 23.7%. Per bedroom, the median rent as of July '25 in Near Northeast, Syracuse, NY is studios: $1,000, 1-bedrooms: $1,150, 2-bedrooms: $1,470, 3-bedrooms: $1,900, 4-bedrooms: $2,300. The most common rental property sizes in Near Northeast, Syracuse, NY are 1-bedroom and 2-bedroom, accounting for 34.2% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,670 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $1,050 | $1,150 |
| 2 Bed Rent | $1,300 | $1,470 |
| 3 Bed Rent | $1,700 | $1,900 |
| 4 Bed Rent | $1,800 | $2,300 |
% of Rental Stock
Property Listings — Near Northeast, Syracuse, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Near Northeast, Syracuse, NY is 38. This is a decrease of -36.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $166,000 | -11.0% |
Listing Count | 34 | -18.0% |
| Listings as % of Homes | 0.2% | -18.0% |
Days on Market | 38 | -36.0% |
Demographics — Near Northeast, Syracuse, NY
As of the latest ACS Survey released in 2023, Near Northeast, Syracuse, NY has a population of 17,400, which has increased by 5.2% over the past 5 years. Near Northeast, Syracuse, NY is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | 5.2% |
% Under 18 | 21.7% | -11.8% |
% Seniors | 17.5% | 10.1% |
% WFH | 8.7% | 180.6% |
% w/ College Degree | 27.7% | 11.7% |
As of the latest ACS Survey released in 2023, Near Northeast, Syracuse, NY is a predominantly white area, with 51.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Near Northeast, Syracuse, NY is black, making up 26.5% of the population. Foreign-born residents account for 13.2% of the population in Near Northeast, Syracuse, NY, and this percentage has decreased by 26.3% 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 | 51.7% | -5.3% |
% Black | 26.5% | 31.8% |
% Hispanic | 11.0% | 18.3% |
% Asian | 7.3% | -14.1% |
% Foreign Born | 13.2% | -26.3% |
Mortgage and Risk — Near Northeast, Syracuse, NY
According to HUD data as of 2023, there were 146 mortgage originations in Near Northeast, Syracuse, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Near Northeast, Syracuse, NY. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 146 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Near Northeast, Syracuse, NY
As of 2024, the percent of homes in Near Northeast, Syracuse, NY under the Section 8 program is 13.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Near Northeast, Syracuse, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 840 |
Total Units Section 8 | 679 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,050 | $1,030 |
| 2 Bedroom | -$30 | $1,300 | $1,270 |
| 3 Bedroom | -$150 | $1,700 | $1,550 |
| 4 Bedroom | -$50 | $1,800 | $1,750 |
Affordability — Near Northeast, Syracuse, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $178,000 |
| Median Household Income | $46,500 |