Syracuse, UT 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Syracuse Housing Market Information

With a population of 31,458, 7,702 total housing units (homes and apartments), and a median house value of $364,808, Syracuse real estate prices are well above average cost compared to national prices.

Syracuse is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Syracuse than is found in 98% of the communities in America.

The large homes that make up Syracuse are primarily owner-occupied ( 92.89%).

Syracuse homes and real estate are some of the newest in America. 65.00% of Syracuse's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Syracuse real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.40%), and between 1940-1969 ( 5.47%). There's also some housing in Syracuse built before 1939 ( 1.13%).

Syracuse Home Appreciation Rates

In the last 10 years, Syracuse has experienced some of the highest home appreciation rates of any community in the nation. Syracuse real estate appreciated 55.87% over the last ten years, which is an average annual home appreciation rate of 4.54%, putting Syracuse in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Syracuse definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Syracuse that despite a nationwide downturn in the housing market, Syracuse real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Syracuse appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 91.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Syracuse. Syracuse appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.70%.

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

Relative to Utah, our data show that Syracuse's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.

Average Home Values

 
info

Median Home Value:
$364,808

Syracuse, UT HOME PRICES

> $1,320,000
0.7%
0.7%
$990,001 - $1,320,000
0.3%
0.3%
$660,001 - $990,000
2.2%
2.2%
$528,001 - $660,000
9.4%
9.4%
$396,001 - $528,000
26.2%
26.2%
$264,001 - $396,000
39.3%
39.3%
$132,001 - $264,000
19.4%
19.4%
$66,001 - $132,000
0.2%
0.2%
$0 - $66,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for UT

Value Relative To Nation

Number Of Homes And Apartments:
7,702

Syracuse Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
87.09% 3.06%
2
7
* 10 is highest

Rent & Ownership

 
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Average Market Rent:
$2,041 / per month

Homeownership Rate

Owners
92.9%
92.9%
Renters
7.1%
7.1%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
65.0%
65.0%
1970 - 1999
28.4%
28.4%
1940 - 1969
5.5%
5.5%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
94.1%
94.1%
Townhomes
3.4%
3.4%
Small Apt. Buildings
1.2%
1.2%
Apt. Complexes
0.4%
0.4%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
0.5%
0.5%
2 Bedrooms
5.6%
5.6%
3 Bedrooms
29.9%
29.9%
4 Bedrooms
21.3%
21.3%
5 or more bedrooms
42.6%
42.6%
0.0% 100.0%
% OF HOMES

Popular Communities Near Syracuse, UT

Zip Codes in Syracuse, UT