Real Estate Investing in Syracuse, New York (13202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13202 (Syracuse, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 61.1% poverty rate — can affect rent collection.
- Lower household income: $26,271 median — tenant affordability is tighter.
What’s happening in Syracuse, NY (13202)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13202 Syracuse
ZIP 13202 inside Onondaga County looks affordable on the surface — median value of $381K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 13202 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 13202's metrics run below Onondaga County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 13202 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. resilient returns are possible in 13202, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Syracuse:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13202 Compare?
| Metric | 13202 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $381,257 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 6.3% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,845 | $1,469 | N/A | - |
| Cap Rate | 3.8% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13202 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $381,257 |
| Monthly Rent | $1,845 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13202
Population: 6,842
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 13202
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BELLEVUE ELEMENTARY SCHOOL
BRIGHTON ACADEMY
DELAWARE PRIMARY SCHOOL
EDWARD SMITH K-8 SCHOOL
FRAZER K-8 SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,824 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Syracuse, NY?
Most investors in Syracuse, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What monthly rent should investors expect in Syracuse, NY?
Average rent in Syracuse, NY is approximately $1,845/mo per month. Against $381K home values that yields a reasonable rent-to-price ratio.
Does a duplex house hack pencil in Syracuse, NY?
For house hackers, Syracuse, NY is a challenging. The $1,845/mo rent on a unit helps defray the mortgage on a $381K property.
What is the typical vacancy rate in Syracuse, NY?
Occupancy in Syracuse, NY runs steady with elevated vacancy. Well-priced units at $1,845/mo lease on reasonable timelines.
Is housing expensive in Syracuse, NY?
Syracuse, NY median home values land near $381K. That is reasonable territory for investors looking at $1,845/mo-per-month rentals.
You know 13202 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13202 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 13202 ranks in Syracuse, NY
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