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  1. Home
  2. /Browse ZIP Codes
  3. /New York
  4. /Syracuse
  5. /Downtown Syracuse, Syracuse, NY - 13202

Downtown Syracuse, Syracuse, NY—13202

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$381,000
3.1% YoY Growth
Household Income
$27,400
59.3% YoY Growth
Days on Market
68
337.0% Longer YoY
Home Price Forecast
3.2%
Median Rent
$1,880
3.5% YoY Growth
1-Bed Rent
$1,750
20.3% YoY Growth
2-Bed Rent
$1,880
7.9% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Downtown Syracuse, Syracuse, NY

As of May '26, the median home price in Downtown Syracuse, Syracuse, NY is $381,000, with a year-over-year change of 3.1%. This indicates that home prices in Downtown Syracuse, Syracuse, NY are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$381,0003.1%
Single Family $335,0004.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$149,0005.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    11.1%
    1 Bedroom
    36.7%
    2 Bedrooms
    32.3%
    3 Bedrooms
    18.8%
    4 Bedrooms
    1.0%

    Rental Trends — Downtown Syracuse, Syracuse, NY

    As of July '25, Rentcast reports the average rent in Downtown Syracuse, Syracuse, NY is $2,090, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Downtown Syracuse, Syracuse, NY is 1-bedrooms: $1,900, 2-bedrooms: $2,200, 4-bedrooms: $3,600. The most common rental property sizes in Downtown Syracuse, Syracuse, NY are 1-bedroom and 2-bedroom, accounting for 36.0% and 33.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,880$2,090
    Studio Rent N/AN/A
    1 Bed Rent $1,750$1,900
    2 Bed Rent $1,880$2,200
    3 Bed Rent N/AN/A
    4 Bed Rent $3,600$3,600
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    % of Rental Stock

    Studio
    12.4%
    1 Bedroom
    36.0%
    2 Bedrooms
    33.3%
    3 Bedrooms
    17.2%
    4 Bedrooms
    1.0%

    Property Listings — Downtown Syracuse, Syracuse, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Downtown Syracuse, Syracuse, NY is 68. This is a increase of 337.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$325,000-65.0%
    Listing Count
    		6156.0%
    Listings as % of HomesN/A156.0%
    Days on Market
    		68337.0%
    Loading chart...

    Demographics — Downtown Syracuse, Syracuse, NY

    As of the latest ACS Survey released in 2023, Downtown Syracuse, Syracuse, NY has a population of 6,840, which has increased by 4.0% over the past 5 years. Downtown Syracuse, Syracuse, NY is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 36.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,8404.0%
    % Under 18
    		21.6%-5.3%
    % Seniors
    		5.4%38.5%
    % WFH
    		11.4%147.8%
    % w/ College Degree
    		36.4%10.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Downtown Syracuse, Syracuse, NY is a predominantly black area, with 42.7% of the population identifying as black. The black population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Downtown Syracuse, Syracuse, NY is white, making up 31.7% of the population. Foreign-born residents account for 10.5% of the population in Downtown Syracuse, Syracuse, NY, and this percentage has decreased by 45.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		31.7%5.0%
    % Black
    		42.7%-13.7%
    % Hispanic
    		17.3%47.9%
    % Asian
    		5.6%-12.5%
    % Foreign Born
    		10.5%-45.3%
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    Mortgage and Risk — Downtown Syracuse, Syracuse, NY

    According to HUD data as of 2023, there were 13 mortgage originations in Downtown Syracuse, Syracuse, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Downtown Syracuse, Syracuse, NY. Investor activity is low, as 15.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		13
    % Conventional Loans
    		100.0%
    % Government Loans
    		0.0%
    % Investor Loans
    		15.0%
    % Second Loans
    		15.0%
    % Cash Out Refinance
    		0.0%
    Loading chart...
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    Rentals and Section 8 — Downtown Syracuse, Syracuse, NY

    Downtown Syracuse, Syracuse, NY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1,372
    Total Units Section 8
    		468
    % Rentals under Section 8
    		16.3%
    % Occupied Section 8
    		83.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$520$1,750$1,230
    2 Bedroom-$370$1,880$1,510
    3 BedroomN/AN/A$1,850
    4 Bedroom-$1,520$3,600$2,080

    Affordability — Downtown Syracuse, Syracuse, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio11.3
    Median Home Price$381,000
    Median Household Income$27,400

    Downtown Syracuse, Syracuse, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Near Northeast, Syracuse, NY

    13203

    University Hill, Syracuse, NY

    13210

    Westside, Syracuse, NY

    13204

    Strathmore, Syracuse, NY

    13207

    Northside, Syracuse, NY

    13208

    Frequently Asked Questions