Market report · NY

Syracuse, NY

Balanced's market

Syracuse's market is in transition: +5.3% YoY, median DOM 7 days. Selective deals only.

DATA · Zillow Research (via scrape.do) · AS OF APRIL 2026

$215k
Typical home value
↑27.7%
+5.3%
YoY change
$1,592
Median rent
↑15.2%
8.88%
Gross yield
7
Median DOM
61/100
MDR score
Detail Value Detail Value
Median list price $179,783 Median sale price $196,633
Sale-to-list ratio 1.000 % sold below list +36.9%
Active inventory 243 New listings 112
Trends · 36-month series

How Syracuse has moved.

Typical home value $168k → $215k · ↑27.7% (36mo)
$168k $184k $200k $215k May 23Nov 24Apr 26
Median rent (ZORI) $1k → $2k · ↑15.2% (36mo)
$1k $1k $2k $2k May 23Nov 24Apr 26
Median days on market 13d → 7d · ↓46.2% (36mo)
7d 9d 11d 13d Feb 26Mar 26Apr 26
Sale-to-list ratio 1.016 → 1.000 · ↓1.5% (36mo)
1.000 1.005 1.011 1.016 Jan 26Feb 26Mar 26

Syracuse sits at a median home value of $215,134 as of the latest Zillow read, up 5.3% year-over-year — still in appreciation mode, which favors flippers willing to compete on speed.

The sale-to-list ratio of 1.000 signals a balanced market — neither bid wars nor fire sales dominate. 36.9% of closings land below list, leaving room to negotiate on the right deal but no broad discount across the board.

Rents tell a stronger story. The Zillow Observed Rent Index for Syracuse is $1,592/mo against a $215k median — that’s a 8.88% gross annual rent yield, well above the national 4-5% baseline. BRRRR and long-term rental strategies have real cushion here.

Median days-on-market is running around 7 days against 242.667 active listings — that’s a fast-moving market. Speed is the moat; pre-arranged proof of funds and a tight buyers list are the difference between getting under contract and getting outbid.

MDR’s composite investor score for Syracuse is 61/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. Solid mid-tier. A disciplined operator can build a real book here; a tourist will get hurt.

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FAQ

Syracuse for investors.

Is Syracuse a good market for real estate investors in 2026?

Metro Deal Report's composite investor score for Syracuse is 61/100, based on rent yield, sale-to-list ratio, motivated-seller proxies, and days on market. Syracuse is a solid mid-tier market — workable for disciplined operators but not a top-of-list pick.

What is the median home price in Syracuse?

The typical home value in Syracuse as of the most recent Zillow read is $215,134. Median list price is $179,783 and median sale price is $196,633. Year-over-year change: +5.3%.

What can a landlord expect to rent a property for in Syracuse?

Zillow's Observed Rent Index for Syracuse is $1,592/mo. Against the typical home value of $215k, that produces a gross annual rent yield of 8.88% — above the national 4-5% baseline, supportive of BRRRR and long-term rental strategies.

Is Syracuse a buyer's or seller's market?

Syracuse's current sale-to-list ratio is 1.000 with 36.9% of homes closing below list. That's a balanced market — neither side dominates. Median days on market: 7 days. Active inventory: 243 listings.

Which investment strategy works best in Syracuse?

Syracuse's data favors BRRRR and long-term rentals — strong gross yield with stable to appreciating prices. See the per-strategy breakdowns at /wholesaling/syracuse, /brrrr/syracuse, and /flipping/syracuse.

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