Real Estate Investing in Syracuse, New York (13208)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13208 (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.
- High vacancy: 13.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 22.5% poverty rate — can affect rent collection.
What’s happening in Syracuse, NY (13208)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13208 Syracuse
ZIP 13208 in Syracuse, NY carries a solid set of headwinds. Home values near $174K and rents of $1,339/mo sit inside a market where underwriting has to be tight.
The 13208 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Syracuse have seen price recovery that 13208 has not matched. Onondaga County data supports the view that the spread is structural rather than temporary.
Resident income in 13208 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Syracuse's stable or hybrid ZIPs before stepping into 13208. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Syracuse:
Property Strategy for 13208
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,214 | $1,330 | 6.6% | +11.3% | $72,607 |
| 3BR | $163,164 | $1,620 | 7.1% | +10.5% | $54,388 |
| 4BR | $172,972 | $1,770 | 7.4% | +10.0% | $43,243 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13208 Compare?
| Metric | 13208 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $173,652 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,339 | $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 13208 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,652 |
| Monthly Rent | $1,339 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 14.7% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +10.3% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 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 (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 13208
Population: 22,549
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 13208
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DELAWARE PRIMARY SCHOOL
FRAZER K-8 SCHOOL
INSTITUTE OF TECHNOLOGY AT SYRACUSE CENTRAL
LINCOLN MIDDLE SCHOOL
PORTER ELEMENTARY 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
How much do tenants pay in Syracuse, NY?
Investors in Syracuse, NY typically see rents near $1,339/mo per month against $174K home values - a solid setup for rental cash flow.
Is it easy to find good tenants in Syracuse, NY?
Tenant quality in Syracuse, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $1,339/mo.
How strict are landlord regulations in Syracuse, NY?
For rental operators, Syracuse, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How does Syracuse, NY rate as a rental market?
Our data puts Syracuse, NY at 4.0/5 for investability. Home prices of $174K and rents around $1,339/mo create a solid backdrop for investor activity.
What are home prices like in Syracuse, NY?
Homes in Syracuse, NY typically sell near $174K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
You know 13208 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13208 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 13208 ranks in Syracuse, NY
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