Real Estate Investing in Syracuse, New York (13215)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13215 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Syracuse, NY (13215)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13215 Syracuse
This part of Onondaga County is not an easy win. The 13215 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,452/mo on a $390K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 13215 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Syracuse have seen price recovery that 13215 has not matched. Onondaga County data supports the view that the spread is structural rather than temporary.
Employment concentration in 13215 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 13215 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 13215
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,641 | $1,540 | 5.0% | +10.4% | $111,820 |
| 3BR | $318,532 | $1,870 | 4.2% | +9.6% | $106,177 |
| 4BR | $418,775 | $2,040 | 3.5% | +9.8% | $104,694 |
| 5BR | $496,154 | — | — | +9.8% | $99,231 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13215 Compare?
| Metric | 13215 | Syracuse | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $389,931 | $122,370 | N/A | $505,608 |
| 5-Year CAGR | 8.8% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,452 | $1,469 | N/A | - |
| Cap Rate | 2.9% | 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 13215 (Syracuse, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $389,931 |
| Monthly Rent | $1,452 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -5.6% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 13215
Population: 14,599
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 13215
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
How strong is Syracuse, NY for real estate investors?
Syracuse, NY scores 3.0/5 for investability. Home values sit at $390K and rents near $1,452/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Syracuse, NY?
In Syracuse, NY the median home value sits at $390K. Against the broader NY market, that reads as reasonable for most investors.
How high is vacancy risk in Syracuse, NY?
Vacancy risk in Syracuse, NY is elevated. That supports measured cash flow for typical rental holds.
What is the typical renter like in Syracuse, NY?
Tenant quality in Syracuse, NY ranks as solid. Landlords generally report predictable occupancy at market rents of $1,452/mo.
What do rentals go for in Syracuse, NY?
Rental rates in Syracuse, NY average $1,452/mo. Tenant demand and $390K home values make the yield look reasonable by investor standards.
You know 13215 now. You don’t know where it ranks.
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How 13215 ranks in Syracuse, NY
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