Strathmore, Syracuse, NY—13207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Strathmore, Syracuse, NY
As of Oct '25, the median home price in Strathmore, Syracuse, NY is $171,000, with a year-over-year change of 5.2%. This indicates that home prices in Strathmore, Syracuse, NY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 5.2% |
| Single Family | $171,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $145,000 | 4.3% |
3 Bed | $170,000 | 4.3% |
4 Bed | $196,000 | 4.3% |
| 5 Bed | $249,000 | 1.6% |
% of Housing Stock
Rental Trends — Strathmore, Syracuse, NY
As of July '25, Rentcast reports the average rent in Strathmore, Syracuse, NY is $1,560, with a year-over-year rent change of 18.2%. Per bedroom, the median rent as of July '25 in Strathmore, Syracuse, NY is studios: $775, 1-bedrooms: $998, 2-bedrooms: $1,240, 3-bedrooms: $1,590, 4-bedrooms: $2,350. The most common rental property sizes in Strathmore, Syracuse, NY are 2-bedroom and 3-bedroom, accounting for 41.0% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,560 |
| Studio Rent | $775 | $775 |
| 1 Bed Rent | $995 | $998 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,500 | $1,590 |
| 4 Bed Rent | $2,200 | $2,350 |
% of Rental Stock
Property Listings — Strathmore, Syracuse, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Strathmore, Syracuse, NY is 27. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | -12.0% |
Listing Count | 65 | 4.0% |
| Listings as % of Homes | 0.6% | 4.0% |
Days on Market | 27 | 4.0% |
Demographics — Strathmore, Syracuse, NY
As of the latest ACS Survey released in 2023, Strathmore, Syracuse, NY has a population of 12,400, which has decreased by -5.7% over the past 5 years. Strathmore, Syracuse, NY is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | -5.7% |
% Under 18 | 23.8% | -3.6% |
% Seniors | 17.9% | 37.7% |
% WFH | 7.8% | 81.4% |
% w/ College Degree | 32.7% | 25.3% |
As of the latest ACS Survey released in 2023, Strathmore, Syracuse, NY is a predominantly white area, with 43.2% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Strathmore, Syracuse, NY is black, making up 36.6% of the population. Foreign-born residents account for 3.6% of the population in Strathmore, Syracuse, NY, and this percentage has decreased by 2.7% 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 | 43.2% | -6.7% |
% Black | 36.6% | -12.9% |
% Hispanic | 17.2% | 135.6% |
% Asian | 1.4% | 0.0% |
% Foreign Born | 3.6% | -2.7% |
Mortgage and Risk — Strathmore, Syracuse, NY
According to HUD data as of 2023, there were 187 mortgage originations in Strathmore, Syracuse, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Strathmore, Syracuse, NY. Investor activity is low, as 2.0% 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 | 187 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Strathmore, Syracuse, NY
As of 2024, the percent of homes in Strathmore, Syracuse, NY under the Section 8 program is 27.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Strathmore, Syracuse, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 450 |
Total Units Section 8 | 445 |
% Rentals under Section 8 | 27.0% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $995 | $1,100 |
| 2 Bedroom | $150 | $1,200 | $1,350 |
| 3 Bedroom | $150 | $1,500 | $1,650 |
| 4 Bedroom | -$340 | $2,200 | $1,860 |
Affordability — Strathmore, Syracuse, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $171,000 |
| Median Household Income | $59,500 |