There are currently 56,604 real estate properties in Syracuse, NY, with a median automated valuation model (AVM) price of $118,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Syracuse, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Syracuse, NY, is $131,653.00, with the most expensive house in Syracuse, NY, topping out at $3,509,300.00 and the cheapest home in Syracuse, NY, clocking in at $27,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Syracuse, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Syracuse, NY, is on a rollercoaster ride. The average rent price in Syracuse, NY, is $1,332.00. Indeed, when looking to rent in Syracuse, NY, you can expect to pay as little as $550.00 or as much as $4,470.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Syracuse, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Syracuse, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Syracuse, NY and much more. Save thousands at closing with home foreclosure listings in Syracuse, NY — up to 75% off market value!
Syracuse is located in Onondaga, New York, with an estimated municipal population of 142,327 residents. All of the best foreclosed homes for sale in Syracuse are located in the following zip code areas on Foreclosure.com: 13210 13214 13290 13224 13207 13206 13205 13204 13203 13202 13208 13201 13217 13218 13221 13235 13244 13252 13261. The estimated population per square kilometer (.62 miles) in Syracuse is 2,195.
So, about how much do homes cost in Syracuse? The most recent median value of resident-owned homes in Syracuse is 94,055. An estimated 38.9 percent of households in Syracuse own their homes, with an average family size of 3.18. The median household income in Syracuse is 38,276, with14.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Syracuse, the median commute time of resident workers (in minutes) is 18. And last, but certainly not least, are you looking for homes to rent in Syracuse? If so, the average rent price paid by renters in Syracuse is 814, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Syracuse, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Syracuse is 31.2, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Syracuse is 26.9, with an average family size of 3.18.
The percentage of residents who report their race in Syracuse is as follows:
|Black / African American||30%|
|American Indian / Alaskan Native||1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Syracuse? Or maybe you are searching for 55+ active adult communities in and/or near Syracuse?
The percentage of residents who report their age in Syracuse is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Syracuse with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Syracuse.
How do you know that living in -- or moving to -- Syracuse is right where you need to be? Perhaps you grew up in Syracuse or already live nearby; therefore, the decision to buy a home in Syracuse is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Syracuse for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Syracuse:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Syracuse.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Syracuse can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Syracuse, meanwhile, can field multiple offers from more qualified buyers.