Is Syracuse, NY a good place to invest in rental property?

Syracuse, NY has a median modeled monthly cash flow of $191 and a median cap rate of 7.5%, on a median sold price of $216,000. Prices changed +12.3% year over year.

What is the average cap rate in Syracuse, NY?

The median cap rate across recently sold homes in Syracuse, NY is 7.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Syracuse, NY?

The median sold price in Syracuse, NY is $216,000 (about $137 per square foot).

Investing in Syracuse, NY Real Estate

#123 cash-flow market in the U.S.

A data-driven snapshot of the Syracuse, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$216,000Median sold price

$137Median $/sqft

7.5%Median cap rate

$191Modeled cash flow / mo

+12.3%Appreciation YoY

9.4Months of supply

992Active listings

1,269Sold (last 12 mo)

What the Syracuse numbers say

In Syracuse, NY, the median home sold for $216,000 (about $137 per square foot), and the typical deal models out to a 7.5% cap rate with a median $191 of monthly cash flow. Sold prices moved +12.3% over the past year. Inventory sits at about 9.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in Syracuse — listings where the estimated after-repair value beats list price + rehab.

Other New York markets to compare

See Syracuse cash-flowing listings

CashFlowRE ranks every for-sale home in Syracuse, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Syracuse deals, or browse the national market data.