Median price for residential apartments in as of Jun, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
598 Syracuse, NY, USA apartments for sale
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Syracuse
According to statistics, the population in Syracuse, NY amounts to 144,405, which shows decline 0% compared to the previous year. The median age of the city’s residents is 31. The average household income is $34,716, shifting growth 6% from the past year, and the average property value in Syracuse, NY growth 1% to $91,100 throughout the year.
| Population | 144,405 |
| Median Age | 30.6 |
| Poverty Rate | 33% |
| Household Income | $34,716 |
| Number Of Employees | 58,724 |
| Median Property Value | $91,100 |
Household Income
The average household income in Syracuse, NY grew from $32,704 to $34,716 in the past year. This data is an estimate based upon 55,633 households in Syracuse, NY . The chart below presents how household income is distributed in Syracuse, NY in comparison to the revenue allocation amid households nationally.
- USA
- Syracuse, NY
Property Value
According to data from last year, the average property value in Syracuse, NY shifted from $89,900 to $91,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Syracuse, NY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Syracuse, NY properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
- USA
- Syracuse, NY
Rent vs. Own
- Rent38%
- Own62%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Syracuse, NY compared to median property taxes around the country. The prevalent amount of property taxes in Syracuse, NY equals $3000, which is less than the national average.
- USA
- Syracuse, NY
Housing Trends
Syracuse, NY, USA Housing Trends
Average sale in Syracuse: $178,776 (-6%)
| Apartment Size | Jun | vs Last Month |
|---|---|---|
| 1 bed apartments | $249,900 | N/A |
| 2 bed apartments | $199,950 | +134.5% |
| 3 bed apartments | $166,920 | +28.5% |
| 4+ bed apartments | $189,543 | -20.7% |
During Jul 2021, the average price for an apartment in/near Syracuse, NY decreased by 6% to $178,776.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $249,900 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $199,950. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $166,920. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $189,543 for a big-family home.
| Listing Type | Jun | vs Last Month |
|---|---|---|
| Houses for sale | $164,619 | -18.9% |
| Duplexes for sale | $95,000 | N/A |
| Apartments for sale | $209,385 | +24.8% |
| Lofts for sale | $317,474 | N/A |
While assessing the property pricing Syracuse, NY, you can note that it remains flat with a price tag of $209,385. According to statistics, average house is still $164,619 with no significant changes this month. An average value of duplex is $95,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $317,474.
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