Market Overview
Home Prices in Syracuse, NY
The median home value in Syracuse, NY is $225,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Syracuse are priced45% below average. Syracuse is part of the Syracuse, NY metro area.
Over the past five years, Syracuse home values have risen by approximately47.2%, reflecting strong long-term appreciation in this market.
Price History
Syracuse Home Price Trend
City Comparison
Syracuse vs. National Median
At $225,918, homes in Syracuse cost 45% below the national median of $410,000. This makes Syracuse a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Syracuse?
20% Down Payment
$45,184
on $225,918
Monthly P&I
$1,178/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,496/mo
incl. taxes & insurance
Income Needed
$59,840
gross annual (30% rule)
10% Down Option
$22,592
+ PMI applies
Loan Amount (20% dn)
$180,734
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Syracuse, NY?
The median home value in Syracuse is $225,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Syracuse?
Over the past year, home values in Syracuse have increased by 5.3%. Over five years, prices have risen approximately 47.2%.
How much do I need to earn to buy a home in Syracuse?
To comfortably afford the median home price of $225,918 with a 20% down payment ($45,184) at today's rates (6.8%), you'd need a gross annual income of approximately $59,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Syracuse compare to the national average home price?
The national median home value is approximately $410,000. At $225,918, homes in Syracuse are 45% below the national average.
What metro area is Syracuse part of?
Syracuse is part of the Syracuse, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.