Syracuse, NY Rental Market Analysis
Updated March 2026 — Investment metrics, cap rates, rent data, and neighborhood analysis for rental property investors in Syracuse, New York.
Syracuse Rental Market Overview
Syracuse offers affordable Northeast investing with Syracuse University driving student rental demand. Micron's planned $100B fab will transform the market.
With a median home price of $175,000 and average monthly rents around $1,150, Syracuse offers investors a rent-to-price ratio of 0.66%. At current market conditions, a typical rental property in Syracuse generates an estimated cap rate of 7.9% and a cash-on-cash return of approximately 15.8% with 25% down financing at 6.5%.
Major Employers in Syracuse
Rental demand in Syracuse is supported by major employers including Syracuse University, Upstate Medical, Micron (coming), Lockheed Martin. These institutions provide the job base that drives consistent tenant demand for rental housing in Onondaga County.
Syracuse ZIP Codes for Investors
Key ZIP codes in the Syracuse metro area: 13201,13202,13203,13204,13205,13206,13207,13208,13209,13210,13211,13212,13214,13215,13219,13224. Each neighborhood carries different risk/return profiles — use becvio's property analysis tools to evaluate specific deals.
Analyze a Syracuse Rental Property
Why Invest in Syracuse, NY Rental Properties?
Syracuse stands out for rental property investors because of its strong cap rates averaging 7.9%, combined with steady annual appreciation of 3.3%. The $175,000 median home price makes Syracuse accessible for investors at various capital levels, while $1,150/month rents provide meaningful cash flow.
With a gross rent multiplier of 12.7x and estimated DSCR of 0.70 on conventional financing, Syracuse rental properties may require careful underwriting to ensure positive cash flow. Investors using becvio can track these metrics in real-time across their entire portfolio.