Syracuse, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Syracuse Neighborhoods Since 2000




Syracuse, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Syracuse Housing Market Information

With a population of 2,877, 1,195 total housing units (homes and apartments), and a median house value of $171,534, Syracuse real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Syracuse, accounting for 62.47% of the town's housing units. Other types of housing that are prevalent in Syracuse include duplexes, homes converted to apartments or other small apartment buildings ( 18.39%), mobile homes or trailers ( 10.55%), and a few large apartment complexes or high rise apartments ( 6.83%).

People in Syracuse primarily live in small (one, two or no bedroom) single-family detached homes. Syracuse has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Syracuse built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Syracuse built between 1940-1969 ( 24.88%). A lesser amount of the housing stock also hails from before 1939 ( 21.57%). There's also some housing in Syracuse built between 2000 and later ( 12.64%).

Vacant housing appears to be an issue in Syracuse. Fully 19.20% of the housing stock is classified as vacant. Left unchecked, vacant Syracuse homes and apartments can be a drag on the real estate market, holding Syracuse real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Syracuse Home Appreciation Rates

Real estate appreciation rates in Syracuse's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

Over the last year, Syracuse appreciation rates have trailed the rest of the nation. In the last twelve months, Syracuse's appreciation rate has been 0.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Syracuse were at -1.14%, which equates to an annual appreciation rate of -4.49%.

Notably, Syracuse's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Syracuse's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$171,534

Syracuse, IN HOME PRICES

Value Range
> $1,038,000 4.1
$778,001 - $1,038,000 3.2
$519,001 - $778,000 5.6
$415,001 - $519,000 2.7
$311,001 - $415,000 3.9
$207,001 - $311,000 18.9
$104,001 - $207,000 32.0
$52,001 - $104,000 18.7
$0 - $52,000 10.9

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
41.078753076292 15.158371040724

Number Of Homes And Apartments:
1,195

Syracuse Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.77% 1.29% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 62.18
Renters 37.82
Vacant 19.20

Housing Market Details

 

Age of Homes

AGE OF Syracuse HOMES
2000 or Newer 12.6
1970 - 1999 40.9
1940 - 1969 24.9
1939 or Older 21.6

Types of Homes

TYPE OF Syracuse HOMES
Single-Family 62.5
Townhomes 1.8
Small Apt. Buildings 18.4
Apt. Complexes 6.8
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Syracuse HOMES
No Bedroom 0.34
1 Bedroom 10.95
2 Bedrooms 38.34
3 Bedrooms 35.77
4 Bedrooms 13.39
5 or more bedrooms 1.22