Solvay, Syracuse, NY—13209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Solvay, Syracuse, NY
As of Oct '25, the median home price in Solvay, Syracuse, NY is $223,000, with a year-over-year change of 5.0%. This indicates that home prices in Solvay, Syracuse, NY are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 5.0% |
| Single Family | $222,000 | 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 | $211,000 | 6.0% |
3 Bed | $221,000 | 4.2% |
4 Bed | $253,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Solvay, Syracuse, NY
As of July '25, Rentcast reports the average rent in Solvay, Syracuse, NY is $1,640, with a year-over-year rent change of -15.5%. Per bedroom, the median rent as of July '25 in Solvay, Syracuse, NY is 1-bedrooms: $1,600, 2-bedrooms: $1,440, 3-bedrooms: $1,850. The most common rental property sizes in Solvay, Syracuse, NY are 2-bedroom and 3-bedroom, accounting for 43.1% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,400 | $1,440 |
| 3 Bed Rent | $1,750 | $1,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Solvay, Syracuse, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Solvay, Syracuse, NY is 30. This is a increase of 19.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 18.0% |
Listing Count | 40 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 30 | 19.0% |
Demographics — Solvay, Syracuse, NY
As of the latest ACS Survey released in 2023, Solvay, Syracuse, NY has a population of 13,000, which has remained stable by 0.4% over the past 5 years. Solvay, Syracuse, NY is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | 0.4% |
% Under 18 | 19.3% | -3.0% |
% Seniors | 21.4% | 4.4% |
% WFH | 7.1% | 121.9% |
% w/ College Degree | 29.2% | 31.5% |
As of the latest ACS Survey released in 2023, Solvay, Syracuse, NY is a predominantly white area, with 86.3% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Solvay, Syracuse, NY is hispanic, making up 5.6% of the population. Foreign-born residents account for 11.0% of the population in Solvay, Syracuse, NY, and this percentage has increased by 37.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.3% | 1.6% |
% Black | 3.6% | 44.0% |
% Hispanic | 5.6% | -1.8% |
% Asian | 1.0% | -28.6% |
% Foreign Born | 11.0% | 37.5% |
Mortgage and Risk — Solvay, Syracuse, NY
According to HUD data as of 2023, there were 199 mortgage originations in Solvay, Syracuse, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Solvay, Syracuse, NY. Investor activity is low, as 4.0% 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 | 199 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Solvay, Syracuse, NY
Solvay, Syracuse, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 211 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 85.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $1,600 | $1,040 |
| 2 Bedroom | -$120 | $1,400 | $1,280 |
| 3 Bedroom | -$180 | $1,750 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Solvay, Syracuse, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $223,000 |
| Median Household Income | $67,300 |