Real Estate Investing in Syracuse, New York (13203)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13203 (Syracuse, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 13.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Syracuse, NY (13203)?
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Market Analysis: 13203 Syracuse
ZIP 13203 in Syracuse, NY carries a sturdy set of headwinds. Home values near $193K and rents of $1,486/mo sit inside a market where underwriting has to be tight.
Looking more closely, the numbers look inviting — $193K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13203 is substantial and deserves full respect.
The gap between 13203 and stronger Syracuse ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 13203 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 13203, 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:
Property Strategy for 13203
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $129,665 | $1,320 | 7.3% | +9.8% | $64,833 |
| 3BR | $162,853 | $1,600 | 7.1% | +9.0% | $54,284 |
| 4BR | $205,908 | $1,750 | 6.1% | +8.7% | $51,477 |
| 5BR | $388,376 | — | — | +8.6% | $77,675 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13203 Compare?
| Metric | 13203 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $192,813 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 7.6% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,486 | $1,469 | N/A | - |
| Cap Rate | 6.0% | 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 13203 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,813 |
| Monthly Rent | $1,486 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 13203
Population: 17,387
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 13203
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DELAWARE PRIMARY SCHOOL
EDWARD SMITH K-8 SCHOOL
FRAZER K-8 SCHOOL
GRANT MIDDLE SCHOOL
INSTITUTE OF TECHNOLOGY AT SYRACUSE CENTRAL
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
Frequently Asked Questions
Where do rents currently stand in Syracuse, NY?
Syracuse, NY rentals go for roughly $1,486/mo a month. That puts gross yield in solid territory relative to $193K acquisition costs.
What is the average home sale price in Syracuse, NY?
The median home value in Syracuse, NY is roughly $193K. That puts it reasonable relative to the NY statewide average.
How tight is the rental market in Syracuse, NY?
Occupancy in Syracuse, NY runs measured with elevated vacancy. Well-priced units at $1,486/mo lease on reasonable timelines.
How do experienced investors play Syracuse, NY?
In Syracuse, NY the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $193K prices and $1,486/mo rents suits that approach.
Is Syracuse, NY a good market for buy-and-hold investors?
The 4.0/5 investability rating in Syracuse, NY reflects its $193K prices and $1,486/mo rents. Investors generally consider it a solid option within NY.
You know 13203 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13203 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 13203 ranks in Syracuse, NY
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