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With the median home price in the metro area being a little under $200,000; it really isn’t hard to find homes for under $400k in solid to very nice areas. That’s whether you look in the city of Syracuse, the suburbs or in rural communities in the metro area.
This can include condos and townhomes as well.
Also, the 12 housing markets to watch thread in this forum offers some insight into housing in the area.
With the median home price in the metro area being a little under $200,000; it really isn’t hard to find homes for under $400k in solid to very nice areas. That’s whether you look in the city of Syracuse, the suburbs or in rural communities in the metro area.
This can include condos and townhomes as well.
Also, the 12 housing markets to watch thread in this forum offers some insight into housing in the area.
Median home price: $199,900
Percentage of homes affordable for middle-class buyers: 70.3%
This Rust Belt city, about 250 miles northwest of New York City, was one of many to see jobs and people move away from its city center, leaving large swaths of vacant properties behind. However, recent downtown revitalization projects have made the affordable city a far more attractive place to live.
The college town, home to Syracuse University, already boasts a vibrant restaurant and nightlife scene as well as what’s purported to be the world’s fastest 5G network. And last year, the state set aside an additional $10 million in funding to expand downtown to the south and west of the Central Business District into a walkable destination.
Buyers who want to invest in the area before it takes off can find a wide array of homes that cost less than a studio apartment in New York City. They include this two-bedroom multifamily home right near the zoo in the city’s Tipperary Hill neighborhood asking for $154,900. They can also get this two-bedroom condo in the heart of Armory Square listed at $289,900.
It’s places like these that have been drawing in younger buyers seeking to be part of the change in the city.
“We have had quite an influx of a younger population moving in, which is great,” says Sarah Barrows, a real estate salesperson with Keller Williams Realty Syracuse.
400k in Syracuse is about 1.2-2M in other, more popular cities.
The taxes are what can kill you in CNY. I would say go for homes in Madison County over Onondaga County. You will pay much less in taxes, and have more land, and lower crime.
Crime is an issue in all cities, and anything near downtown Syracuse is terrible. People are getting more desperate too, with food prices at an all time high.
400k in Syracuse is about 1.2-2M in other, more popular cities.
The taxes are what can kill you in CNY. I would say go for homes in Madison County over Onondaga County. You will pay much less in taxes, and have more land, and lower crime.
Crime is an issue in all cities, and anything near downtown Syracuse is terrible. People are getting more desperate too, with food prices at an all time high.
The taxes will depend on what you are comparing and where.
Also, there are areas of the city, which is only 25 square miles, that still fine and not that far from Downtown.
If I was a developer I'd probably be looking to build planned communities with more than a thousand homes similar to developments like Radisson but bigger with self contained walking trails, parks, schools, business parks, and grocery store in the Bridgeport area of Madison County, Ira in Cauya County and Hastings in Oswego County.
If I was a developer I'd probably be looking to build planned communities with more than a thousand homes similar to developments like Radisson but bigger with self contained walking trails, parks, schools, business parks, and grocery store in the Bridgeport area of Madison County, Ira in Cauya County and Hastings in Oswego County.
I can see some development in the Cato-Meridian area(which is the SD Ira is in) just across the county line and southern Oswego County in general is already priming itself for development already. Same with Bridgeport, if the planned development mentioned in the Syracuse Development Thread goes through.
I would also look at the Inner Harbor/land in between Destiny USA and Franklin Square as a possibility to bridge that gap between the two, which would then connect with Downtown.
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