Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,717 people, 3,015 houses or apartments, and a median cost of homes of $185,494, house prices in North Syracuse are solidly below the national average.
Single-family detached homes are the single most common housing type in North Syracuse, accounting for 61.94% of the village's housing units. Other types of housing that are prevalent in North Syracuse include large apartment complexes or high rise apartments ( 22.92%), duplexes, homes converted to apartments or other small apartment buildings ( 7.88%), and a few row houses and other attached homes ( 7.00%).
The most prevalent building size and type in North Syracuse are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.76% owning and 38.24% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Syracuse's housing was primarily built during this period, from the '40s through the '60s. A full 60.07% of the village's housing hails from this era. Other housing ages represented in North Syracuse include homes built between 1970-1999 ( 21.79%) and housing constructed before 1939 ( 12.14%). There's also some housing in North Syracuse built between 2000 and later ( 6.00%).
Real estate appreciation rates in North Syracuse's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.44% during the period.
Over the last year, North Syracuse appreciation rates have trailed the rest of the nation. In the last twelve months, North Syracuse's appreciation rate has been 3.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Syracuse were at 1.77%, which equates to an annual appreciation rate of 7.28%.
Relative to New York, our data show that North Syracuse's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$185,494
for New york
for nation
3,015
$1,602 / per month