Syracuse, UT—84075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Syracuse, UT
As of Oct '25, the median home price in Syracuse, UT is $575,000, with a year-over-year change of 2.2%. This indicates that home prices in Syracuse, UT are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $575,000 | 2.2% |
| Single Family | $576,000 | 2.3% |
| Condos | $447,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $484,000 | 5.2% |
3 Bed | $531,000 | 2.7% |
4 Bed | $571,000 | 2.7% |
| 5 Bed | $645,000 | 2.5% |
% of Housing Stock
Rental Trends — Syracuse, UT
As of July '25, Rentcast reports the average rent in Syracuse, UT is $2,520, with a year-over-year rent change of 13.0%. Per bedroom, the median rent as of July '25 in Syracuse, UT is 1-bedrooms: $1,400, 2-bedrooms: $1,670, 3-bedrooms: $2,380, 4-bedrooms: $2,720. The most common rental property sizes in Syracuse, UT are 5+ bedroom and 3-bedroom, accounting for 31.4% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,620 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,400 |
| 2 Bed Rent | $1,500 | $1,670 |
| 3 Bed Rent | $2,400 | $2,380 |
| 4 Bed Rent | $2,700 | $2,720 |
% of Rental Stock
Property Listings — Syracuse, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Syracuse, UT is 54. This is a decrease of -9.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $585,000 | -2.0% |
Listing Count | 127 | 8.0% |
| Listings as % of Homes | 1.4% | 8.0% |
Days on Market | 54 | -9.0% |
Demographics — Syracuse, UT
As of the latest ACS Survey released in 2023, Syracuse, UT has a population of 34,100, which has increased by 19.8% over the past 5 years. Syracuse, UT is a popular place for families, as children make up 37.4% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,100 | 19.8% |
% Under 18 | 37.4% | -0.8% |
% Seniors | 7.6% | 8.6% |
% WFH | 15.3% | 146.8% |
% w/ College Degree | 38.3% | 2.7% |
As of the latest ACS Survey released in 2023, Syracuse, UT is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Syracuse, UT is hispanic, making up 8.5% of the population. Foreign-born residents account for 3.0% of the population in Syracuse, UT, and this percentage has increased by 7.1% 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 | 85.5% | -2.1% |
% Black | 0.8% | -74.2% |
% Hispanic | 8.5% | 41.7% |
% Asian | 1.8% | 50.0% |
% Foreign Born | 3.0% | 7.1% |
Mortgage and Risk — Syracuse, UT
According to HUD data as of 2023, there were 1318 mortgage originations in Syracuse, UT, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Syracuse, UT. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,318 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Syracuse, UT
As of 2024, the percent of homes in Syracuse, UT under the Section 8 program is 6.8%. 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 Syracuse, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 100 |
Total Units Section 8 | 100 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,300 | $1,860 |
| 2 Bedroom | $800 | $1,500 | $2,300 |
| 3 Bedroom | $690 | $2,400 | $3,090 |
| 4 Bedroom | $1,040 | $2,700 | $3,740 |
Affordability — Syracuse, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $575,000 |
| Median Household Income | $132,000 |