Real Estate Investing in Syracuse, New York (13209)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13209 (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 (13209)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13209 Syracuse
The 13209 ZIP in Syracuse, NY is a local-operator market. Outside capital chasing a $244K entry has to pair deep knowledge with the discount.
The investment case in 13209 is solid only for operators who understand what they are buying. A $244K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NY, ZIP 13209 trails on several market indicators that neighboring Onondaga County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 13209 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 13209 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Syracuse:
Property Strategy for 13209
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $211,352 | $1,320 | 4.5% | +10.2% | $105,676 |
| 3BR | $220,722 | $1,600 | 5.2% | +9.3% | $73,574 |
| 4BR | $253,163 | $1,750 | 5.0% | +9.7% | $63,291 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13209 Compare?
| Metric | 13209 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $244,243 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 9.0% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,523 | $1,469 | N/A | - |
| Cap Rate | 4.9% | 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 13209 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $244,243 |
| Monthly Rent | $1,523 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (4.9%). 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 13209
Population: 12,995
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 13209
Schools in This ZIP Code
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 investment strategy works best in Syracuse, NY?
In Syracuse, NY the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $244K prices and $1,523/mo rents suits that approach.
Are there empty rentals in Syracuse, NY?
Vacancy in Syracuse, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,523/mo.
Is Syracuse, NY a good market for buy-and-hold investors?
Our data puts Syracuse, NY at 3.0/5 for investability. Home prices of $244K and rents around $1,523/mo create a solid backdrop for investor activity.
Can owner-occupants cash flow in Syracuse, NY?
Syracuse, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $244K price point reasonable to enter.
Is Syracuse, NY landlord-friendly?
NY ranks as a tenant-protective state for landlord-tenant law. Syracuse generally follows the statewide framework, so landlords face reasonable operating rules.
You know 13209 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13209 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 13209 ranks in Syracuse, NY
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