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

Syracuse, NY has a median modeled monthly cash flow of $299 and a median cap rate of 8.2%, on a median sold price of $199,900. Prices changed +14.7% year over year.

What is the average cap rate in Syracuse, NY?

The median cap rate across recently sold homes in Syracuse, NY is 8.2%, 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 $199,900 (about $125 per square foot).

Investing in Syracuse, NY Real Estate

#104 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.

$199,900Median sold price

$125Median $/sqft

8.2%Median cap rate

$299Modeled cash flow / mo

+14.7%Appreciation YoY

7.3Months of supply

671Active listings

1,104Sold (last 12 mo)

What the Syracuse numbers say

In Syracuse, NY, the median home sold for $199,900 (about $125 per square foot), and the typical deal models out to a 8.2% cap rate with a median $299 of monthly cash flow. Sold prices moved +14.7% over the past year. Inventory sits at about 7.3 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.

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.