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Syracuse, NY Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,543
Monthly Cash Flow
$182
Principal + Equity
$1,614
Annual Total Gain
$21,547
Cash on Cash
4.14%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$151
Occupancy Rate
54.55%
Monthly Revenue
$1,637
Monthly Cash Flow
$31
Principal + Equity
$1,614
Annual Total Gain
$19,730
Cash on Cash %
0.69%
Net ROI %
Market Health & Growth
Median Income
$45,845
Population
146,211
LTR Renter %
58.73%
Forecast (1 yr)
3.15%
Appreciation (1 yr)
5.94%
Appreciation (5 yr)
64.43%
Appreciation (10 yr)
120.92%
Job Growth
1.46%
LTR Rentability
Moderate
STR Demand
53
STR Rentals
577
Top Public Schools
A-Jamesville-Dewitt High School
BMoses Dewitt Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#62out of 229 markets
Best Cities for Young Professionals in America
#105out of 229 markets
Cities with the Lowest Cost of Living in America
#72out of 229 markets
C
Public School
D
Crime And Safety
C
Housing
A
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Syracuse, NY.
In Syracuse, NY, Short Term Rental (STR) regulations are overseen by the city's Department of Neighborhood and Business Development. Investors looking to purchase a property for STR purposes in Syracuse should be aware of the following regulations:
1. Registration: All STR properties in Syracuse must be registered with the city's Department of Neighborhood and Business Development. This includes providing contact information for the property owner and ensuring that the property meets all safety and health codes.
2. Zoning restrictions: Investors should be aware of the zoning regulations in the specific neighborhood where they are considering purchasing a property for STR purposes. Some neighborhoods in Syracuse may have restrictions on the number of rental properties allowed or may prohibit short term rentals altogether.
3. Occupancy limits: There are occupancy limits for STR properties in Syracuse, which are based on the size of the property and the number of bedrooms. Investors should ensure that their property complies with these limits to avoid fines or penalties.
4. Taxes and fees: Investors should be aware of the taxes and fees associated with operating an STR property in Syracuse. This may include occupancy taxes, sales taxes, and registration fees.
5. Noise and nuisance regulations: Syracuse has noise and nuisance regulations in place to ensure that STR properties do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
6. Insurance requirements: Investors should also consider obtaining liability insurance for their STR property in Syracuse to protect themselves in case of any accidents or damages.
Overall, investors should thoroughly research and understand the STR regulations in Syracuse before purchasing a property for short term rental purposes. Failure to comply with these regulations could result in fines, penalties, or even the shutdown of the rental property.
Market Trends Over Time
Explore 25 years of market data for Syracuse, NY, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Syracuse, NY.
The LTR Genie Score of Syracuse, NY is 80 and STR Genie Score is 68, indicating a very high and high rating respectively. The high LTR Genie Score can be attributed to the strong LTR Net ROI of 40.82% and the moderate LTR Rentability. On the other hand, the STR Genie Score is slightly lower due to the lower STR Net ROI of 37.37% and the STR Occupancy rate of 54.55.
Syracuse, NY is a city located in Central New York known for its diverse economy, including education, healthcare, and manufacturing industries. The city is home to several universities and colleges, providing a steady demand for rental properties. Additionally, Syracuse experiences all four seasons, making it an attractive destination for short-term rentals during peak tourist seasons.
Overall, Syracuse, NY appears to be a promising market for both long-term and short-term rental investments. With a strong LTR Genie Score and a growing 1-Year Price Appreciation Forecast, real estate investors may find success in both rental strategies in this market. It is recommended to conduct further research and analysis to determine the best investment approach based on individual goals and risk tolerance.
LTR Genie Score 93
$39,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,104 sqft.🏠 SINGLE FAMILY
