North Syracuse, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating North Syracuse Neighborhoods Since 2000




North Syracuse, NY 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

North Syracuse Housing Market Information

With a population of 6,853, 3,194 total housing units (homes and apartments), and a median house value of $104,110, house prices in North Syracuse are solidly below the national average.

Single-family detached homes are the single most common housing type in North Syracuse, accounting for 61.85% of the village's housing units. Other types of housing that are prevalent in North Syracuse include large apartment complexes or high rise apartments ( 19.47%), duplexes, homes converted to apartments or other small apartment buildings ( 13.03%), and a few row houses and other attached homes ( 5.19%).

The most prevalent building size and type in North Syracuse are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.18% owning and 39.82% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Syracuse's housing was primarily built during this period, from the '40s through the '60s. A full 61.06% of the village's housing hails from this era. Other housing ages represented in North Syracuse include homes built between 1970-1999 ( 26.18%) and housing constructed before 1939 ( 9.30%). There's also some housing in North Syracuse built between 2000 and later ( 3.46%).

North Syracuse Home Appreciation Rates

Appreciation rates for homes in North 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 6.60%, which ranks in the top 40% nationwide. This equates to an annual average North Syracuse house appreciation rate of 0.64%.

Over the last year, North Syracuse appreciation rates have trailed the rest of the nation. In the last twelve months, North Syracuse's appreciation rate has been -1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Syracuse were at -1.68%, which equates to an annual appreciation rate of -6.55%.

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

Relative to New York, our data show that North Syracuse's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$104,110

North Syracuse, NY HOME PRICES

Value Range
> $1,044,000 0.0
$783,001 - $1,044,000 0.0
$522,001 - $783,000 0.3
$417,001 - $522,000 0.4
$313,001 - $417,000 0.0
$209,001 - $313,000 2.6
$105,001 - $209,000 48.9
$52,001 - $105,000 44.2
$0 - $52,000 3.7

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
74.9267549513653 81.0325476992144

Number Of Homes And Apartments:
3,194

North Syracuse Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
46.67% 2.25% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 60.18
Renters 39.82
Vacant 2.98

Housing Market Details

 

Age of Homes

AGE OF North Syracuse HOMES
2000 or Newer 3.5
1970 - 1999 26.2
1940 - 1969 61.1
1939 or Older 9.3

Types of Homes

TYPE OF North Syracuse HOMES
Single-Family 61.8
Townhomes 5.2
Small Apt. Buildings 13.0
Apt. Complexes 19.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF North Syracuse HOMES
No Bedroom 0.21
1 Bedroom 13.79
2 Bedrooms 28.55
3 Bedrooms 41.89
4 Bedrooms 15.16
5 or more bedrooms 0.39

Popular Neighborhoods in North Syracuse

Zip Codes in North Syracuse, NY