Real Estate Investing in Syracuse, New York (13214)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13214 (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.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Syracuse, NY (13214)?
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Market Analysis: 13214 Syracuse
The 13214 ZIP covers a section of Syracuse that demands careful diligence. Prices near $322K look accessible, but the work to make a deal cash flow is real.
The investment case in 13214 is significant only for operators who understand what they are buying. A $322K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Turning to rents, 13214 offers a low basis, the region around Syracuse has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 13214 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 13214 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 13214
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,836 | $1,360 | 4.4% | +11.2% | $111,418 |
| 3BR | $280,057 | $1,650 | 4.2% | +10.6% | $93,352 |
| 4BR | $337,161 | $1,810 | 3.9% | +10.1% | $84,290 |
| 5BR | $364,640 | — | — | +10.3% | $72,928 |
Market Trends
Home Value History (with trend line)
📊 How Does 13214 Compare?
| Metric | 13214 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $322,007 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 9.8% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,224 | $1,469 | N/A | - |
| Cap Rate | 3.0% | 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 13214 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $322,007 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +10.4% ▲ |
| 5-Year CAGR | +9.8% ▲ |
| 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 (3.0%). 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 13214
Population: 8,713
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 13214
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
EDWARD SMITH K-8 SCHOOL
HURLBUT W SMITH K-8 SCHOOL
SYRACUSE LATIN SCHOOL
HUNTINGTON K-8 SCHOOL
HENNINGER HIGH 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 is the smart move for investors in Syracuse, NY?
Syracuse, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($322K prices, $1,224/mo rents) make it a reasonable choice.
Is vacancy a concern in Syracuse, NY?
Syracuse, NY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,224/mo.
What is the tenant pool like in Syracuse, NY?
Tenant demand in Syracuse, NY is solid. The local workforce $1,224/mo rents across most rental classes.
Can I house hack in Syracuse, NY?
House hacking works a challenging in Syracuse, NY. Rents of $1,224/mo against $322K acquisition make the strategy solid for owner-occupants.
How much is rent in Syracuse, NY?
Rent in Syracuse, NY is around $1,224/mo. The resulting rent-to-value relationship with $322K pricing is reasonable for most investor models.
You know 13214 now. You don’t know where it ranks.
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How 13214 ranks in Syracuse, NY
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