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  4. /Syracuse, IN - 46567

Syracuse, IN—46567

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$387,000
6.6% YoY Growth
Household Income
$73,300
27.7% YoY Growth
Days on Market
37
31.0% Shorter YoY
Home Price Forecast
2.9%
Median Rent
$2,350
4.5% YoY Growth
1-Bed Rent
$825
N/A
2-Bed Rent
$995
4.5% YoY Growth
3-Bed Rent
$2,500
5.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Syracuse, IN

As of May '26, the median home price in Syracuse, IN is $387,000, with a year-over-year change of 6.6%. This indicates that home prices in Syracuse, IN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$387,0006.6%
Single Family $379,0007.1%
Condos $446,00010.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $218,000
    9.0%
    2 Bed
    		$295,0009.3%
    3 Bed
    		$384,0008.2%
    4 Bed
    		$693,0009.1%
    5 Bed $1,679,05111.4%
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    % of Housing Stock

    1 Bedroom
    6.5%
    2 Bedrooms
    26.0%
    3 Bedrooms
    40.3%
    4 Bedrooms
    20.0%
    5+ Bedrooms
    7.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,350$2,320
    Studio Rent N/AN/A
    1 Bed Rent $825$825
    2 Bed Rent $995$995
    3 Bed Rent $2,500$2,750
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    19.5%
    2 Bedrooms
    36.3%
    3 Bedrooms
    22.5%
    4 Bedrooms
    16.7%
    5+ Bedrooms
    5.0%

    Property Listings — Syracuse, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Syracuse, IN is 37. This is a decrease of -31.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$627,00024.0%
    Listing Count
    		6211.0%
    Listings as % of Homes0.2%11.0%
    Days on Market
    		37-31.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		9,3708.9%
    % Under 18
    		20.4%-6.4%
    % Seniors
    		23.0%13.3%
    % WFH
    		6.2%63.2%
    % w/ College Degree
    		25.4%-5.9%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$35$825$860
    2 Bedroom$65$995$1,060
    3 Bedroom-$1,190$2,500$1,310
    4 BedroomN/AN/A$1,470

    Affordability — Syracuse, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$387,000
    Median Household Income$73,300

    Syracuse, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Webster, IN

    46555

    Cromwell, IN

    46732

    Leesburg, IN

    46538

    Millersburg, IN

    46543

    New Paris, IN

    46553

    Frequently Asked Questions