Real Estate Investing in Syracuse, New York (13206)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13206 (Syracuse, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Syracuse, NY (13206)?
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Market Analysis: 13206 Syracuse
Not every below-median market is a bargain. Syracuse's 13206 ZIP shows signals that favor experienced operators who can absorb the risk $205K pricing implies.
The 13206 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 13206 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Put differently, 16,848 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 13206 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Syracuse:
Property Strategy for 13206
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,672 | $1,250 | 5.6% | +10.3% | $79,836 |
| 3BR | $188,649 | $1,520 | 5.8% | +9.2% | $62,883 |
| 4BR | $209,754 | $1,660 | 5.7% | +9.3% | $52,439 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13206 Compare?
| Metric | 13206 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $205,173 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 8.3% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,415 | $1,469 | N/A | - |
| Cap Rate | 5.4% | 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 13206 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,173 |
| Monthly Rent | $1,415 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | -8.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). 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 13206
Population: 16,848
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 13206
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GRANT MIDDLE SCHOOL
LEMOYNE ELEMENTARY SCHOOL
LINCOLN MIDDLE SCHOOL
ROXBORO ROAD ELEMENTARY SCHOOL
ROXBORO ROAD MIDDLE 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
Frequently Asked Questions
What kind of market is Syracuse, NY for investors?
Investors tracking Syracuse, NY will find a 3.0/5 rating supported by $205K median home values and $1,415/mo rents. That profile suits long-term holders targeting steady returns.
How quickly do rentals get leased in Syracuse, NY?
Vacancy risk in Syracuse, NY is elevated. That supports even-keeled cash flow for typical rental holds.
What are rental rates like in Syracuse, NY?
Rental rates in Syracuse, NY average $1,415/mo. Tenant demand and $205K home values make the yield look reasonable by investor standards.
Can I live-in-and-rent in Syracuse, NY?
The house hack math a challenging in Syracuse, NY. Owner-occupant buyers benefit from the $1,415/mo rents and $205K home values.
Is Syracuse, NY good for landlords?
For rental operators, Syracuse, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 13206 now. You don’t know where it ranks.
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How 13206 ranks in Syracuse, NY
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