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  5. /Near Northeast, Syracuse, NY - 13203

Near Northeast, Syracuse, NY—13203

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$193,000
2.1% YoY Growth
Household Income
$46,500
31.6% YoY Growth
Days on Market
32
40.0% Shorter YoY
Home Price Forecast
4.3%
Median Rent
$1,600
23.7% YoY Growth
1-Bed Rent
$1,050
19.8% YoY Growth
2-Bed Rent
$1,300
27.8% YoY Growth
3-Bed Rent
$1,700
1.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Near Northeast, Syracuse, NY

As of May '26, the median home price in Near Northeast, Syracuse, NY is $193,000, with a year-over-year change of 2.1%. This indicates that home prices in Near Northeast, Syracuse, NY are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$193,0002.1%
Single Family $191,0002.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$139,0000.0%
    3 Bed
    		$175,0000.0%
    4 Bed
    		$224,0003.2%
    5 Bed $412,6884.9%
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    % of Housing Stock

    Studio
    9.4%
    1 Bedroom
    25.4%
    2 Bedrooms
    22.8%
    3 Bedrooms
    30.4%
    4 Bedrooms
    6.7%
    5+ Bedrooms
    5.2%

    Rental Trends — Near Northeast, Syracuse, NY

    As of July '25, Rentcast reports the average rent in Near Northeast, Syracuse, NY is $1,670, with a year-over-year rent change of 23.7%. Per bedroom, the median rent as of July '25 in Near Northeast, Syracuse, NY is studios: $1,000, 1-bedrooms: $1,150, 2-bedrooms: $1,470, 3-bedrooms: $1,900, 4-bedrooms: $2,300. The most common rental property sizes in Near Northeast, Syracuse, NY are 1-bedroom and 2-bedroom, accounting for 34.2% and 27.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,670
    Studio Rent $1,000$1,000
    1 Bed Rent $1,050$1,150
    2 Bed Rent $1,300$1,470
    3 Bed Rent $1,700$1,900
    4 Bed Rent $1,800$2,300
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    % of Rental Stock

    Studio
    13.9%
    1 Bedroom
    34.2%
    2 Bedrooms
    27.1%
    3 Bedrooms
    21.9%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    0.3%

    Property Listings — Near Northeast, Syracuse, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Near Northeast, Syracuse, NY is 32. This is a decrease of -40.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$187,0008.0%
    Listing Count
    		363.0%
    Listings as % of Homes0.2%3.0%
    Days on Market
    		32-40.0%
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    Demographics — Near Northeast, Syracuse, NY

    As of the latest ACS Survey released in 2023, Near Northeast, Syracuse, NY has a population of 17,400, which has increased by 5.2% over the past 5 years. Near Northeast, Syracuse, NY is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,4005.2%
    % Under 18
    		21.7%-11.8%
    % Seniors
    		17.5%10.1%
    % WFH
    		8.7%180.6%
    % w/ College Degree
    		27.7%11.7%
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    As of the latest ACS Survey released in 2023, Near Northeast, Syracuse, NY is a predominantly white area, with 51.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Near Northeast, Syracuse, NY is black, making up 26.5% of the population. Foreign-born residents account for 13.2% of the population in Near Northeast, Syracuse, NY, and this percentage has decreased by 26.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		51.7%-5.3%
    % Black
    		26.5%31.8%
    % Hispanic
    		11.0%18.3%
    % Asian
    		7.3%-14.1%
    % Foreign Born
    		13.2%-26.3%
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    Mortgage and Risk — Near Northeast, Syracuse, NY

    According to HUD data as of 2023, there were 146 mortgage originations in Near Northeast, Syracuse, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Near Northeast, Syracuse, NY. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		146
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		10.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Near Northeast, Syracuse, NY

    As of 2024, the percent of homes in Near Northeast, Syracuse, NY under the Section 8 program is 13.7%. 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 Near Northeast, Syracuse, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		840
    Total Units Section 8
    		679
    % Rentals under Section 8
    		13.7%
    % Occupied Section 8
    		83.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$20$1,050$1,030
    2 Bedroom-$30$1,300$1,270
    3 Bedroom-$150$1,700$1,550
    4 Bedroom-$50$1,800$1,750

    Affordability — Near Northeast, Syracuse, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$193,000
    Median Household Income$46,500

    Near Northeast, Syracuse, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Northside, Syracuse, NY

    13208

    Downtown Syracuse, Syracuse, NY

    13202

    University Hill, Syracuse, NY

    13210

    Eastwood, Syracuse, NY

    13206

    Meadowbrook, Syracuse, NY

    13224

    Frequently Asked Questions