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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 $282,005, higher than the Syracuse average of $194,604.
The average cost of rent is $1,402/mo in Downtown Syracuse, primarily driven by the current value of real estate in the Downtown Syracuse area. In Downtown Syracuse, 95.79% of households rent, and 62.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Syracuse is $4,643 per month. Households that rent pay about 30.21% of their income on rent here. Downtown Syracuse’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Near Northeast, Syracuse, NY: less expensive homes
- Southwest, Syracuse, NY: less expensive homes
- Near Westside, Syracuse, NY: less expensive homes
- University Hill, Syracuse, NY: less expensive homes
- Near Eastside, Syracuse, NY: less expensive homes
- Westside, Syracuse, NY: less expensive homes
- Washington Square, Syracuse, NY: less expensive homes
- Lincoln Park-Syracuse, Syracuse, NY: less expensive homes
- Westcott, Syracuse, NY: less expensive homes
- Skunk City, Syracuse, NY: less expensive homes
Neighborhoods with Similar Populations
- Ventana Lakes, Peoria, AZ: higher priced homes
- Gateway Center, Sacramento, CA: higher priced homes
- Sherwood Forest, Charlotte, NC: higher priced homes
- Mlk Park, Buffalo, NY: less expensive homes
- Mountain View, Vancouver, WA: higher priced homes
- University Park-Jacksonville, Jacksonville, FL: equally priced homes
- North Central, Wichita, KS: less expensive homes
- East Hills, Pittsburgh, PA: less expensive homes
- US Navy Little Creek Amphibious Base, Norfolk, VA: higher priced homes
- Santa Rita, San Angelo, TX: less expensive homes
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