East Syracuse, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating East Syracuse Neighborhoods Since 2000




East Syracuse, NY Real Estate Data


East Syracuse Housing Market Information

With a population of 3,010, 1,359 total housing units (homes and apartments), and a median house value of $97,546, house prices in East Syracuse are solidly below the national average.

Single-family detached homes are the single most common housing type in East Syracuse, accounting for 48.78% of the village's housing units. Other types of housing that are prevalent in East Syracuse include duplexes, homes converted to apartments or other small apartment buildings ( 37.62%), large apartment complexes or high rise apartments ( 12.99%).

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

The housing in East Syracuse was primarily built before 1939 ( 53.13%), making the housing stock in East Syracuse some of the oldest overall in America, although there is a range of ages of homes in East Syracuse. The next most important housing age is between 1940-1969 ( 29.18%), followed by between 1970-1999 ( 17.14%).

East Syracuse Home Appreciation Rates

Appreciation rates for homes in East Syracuse have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.27%, which ranks in the top 40% nationwide. This equates to an annual average East Syracuse house appreciation rate of 0.52%.

NeighborhoodScout's data show that during the latest twelve months, East Syracuse's appreciation rate, at 4.80%, has been at or slightly above the national average. In the latest quarter, East Syracuse's appreciation rate has been 2.03%, which annualizes to a rate of 8.39%.

Importantly, this makes East Syracuse one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that East Syracuse's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$97,546

East Syracuse, NY HOME PRICES

Value Range
> $1,061,000 0.0
$796,001 - $1,061,000 0.0
$531,001 - $796,000 0.0
$424,001 - $531,000 0.0
$318,001 - $424,000 0.0
$212,001 - $318,000 3.4
$106,001 - $212,000 24.1
$53,001 - $106,000 65.5
$0 - $53,000 6.9

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
79.0694949021446 85.8585858585859

Number Of Homes And Apartments:
1,359

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 46.43
Renters 53.57
Vacant 7.55

Housing Market Details

 

Age of Homes

AGE OF East Syracuse HOMES
2000 or Newer 0.5
1970 - 1999 17.1
1940 - 1969 29.2
1939 or Older 53.1

Types of Homes

TYPE OF East Syracuse HOMES
Single-Family 48.8
Townhomes 0.6
Small Apt. Buildings 37.6
Apt. Complexes 13.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF East Syracuse HOMES
No Bedroom 2.24
1 Bedroom 28.10
2 Bedrooms 23.27
3 Bedrooms 37.76
4 Bedrooms 6.19
5 or more bedrooms 2.45

East Syracuse Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
39.27% 1.94% 2 5
* 10 is highest