Syracuse, IN—46567
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Syracuse, IN
As of Oct '25, the median home price in Syracuse, IN is $352,000, with a year-over-year change of 0.6%. This indicates that home prices in Syracuse, IN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 0.6% |
| Single Family | $345,000 | 1.2% |
| Condos | $410,000 | -14.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $193,000 | 0.0% |
2 Bed | $267,000 | 0.8% |
3 Bed | $353,000 | 2.6% |
4 Bed | $639,000 | 3.4% |
| 5 Bed | $1,547,000 | 5.4% |
% of Housing Stock
Rental Trends — Syracuse, IN
As of July '25, Rentcast reports the average rent in Syracuse, IN is $2,320, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Syracuse, IN is 1-bedrooms: $825, 2-bedrooms: $995, 3-bedrooms: $2,750. The most common rental property sizes in Syracuse, IN are 2-bedroom and 3-bedroom, accounting for 36.3% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $825 | $825 |
| 2 Bed Rent | $995 | $995 |
| 3 Bed Rent | $2,500 | $2,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Syracuse, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Syracuse, IN is 59. This is a decrease of -2.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $472,000 | 33.0% |
Listing Count | 52 | -22.0% |
| Listings as % of Homes | 0.2% | -22.0% |
Days on Market | 59 | -2.0% |
Demographics — Syracuse, IN
As of the latest ACS Survey released in 2023, Syracuse, IN has a population of 9,370, which has increased by 8.9% over the past 5 years. Syracuse, IN is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,370 | 8.9% |
% Under 18 | 20.4% | -6.4% |
% Seniors | 23.0% | 13.3% |
% WFH | 6.2% | 63.2% |
% w/ College Degree | 25.4% | -5.9% |
As of the latest ACS Survey released in 2023, Syracuse, IN is a predominantly white area, with 96.2% of the population identifying as white. The white population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in Syracuse, IN is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.9% of the population in Syracuse, IN, and this percentage has decreased by 70.0% 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 | 96.2% | 5.3% |
% Black | 0.2% | -66.7% |
% Hispanic | 1.5% | -65.1% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.9% | -70.0% |
Mortgage and Risk — Syracuse, IN
According to HUD data as of 2023, there were 212 mortgage originations in Syracuse, IN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Syracuse, IN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 212 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Syracuse, IN
Syracuse, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $825 | $860 |
| 2 Bedroom | $65 | $995 | $1,060 |
| 3 Bedroom | -$1,190 | $2,500 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Syracuse, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $352,000 |
| Median Household Income | $73,300 |