The Most Affordable Neighborhoods in Downtown Syracuse, Syracuse, NY by Home Value

 

Downtown Syracuse, Syracuse, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown Syracuse area can be challenging. Home prices in Downtown Syracuse are now at a median cost of $270,293, higher than the Syracuse average of $155,472.

The average cost of rent is $1,070/mo in Downtown Syracuse, primarily driven by the current value of real estate in the Downtown Syracuse area. While nearly 67.72% of residents own their homes outright in Downtown Syracuse, 96.05% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown Syracuse is $3,169 per month. Households that rent pay about 33.78% of their income on rent here. Downtown Syracuse's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the neighborhood.


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