What's a good cap rate in Syracuse?

In Syracuse, cap rates typically run around 5.5% (New York state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Syracuse deal lands versus this benchmark.

What's the average rent for a rental in Syracuse?

A typical rental in Syracuse runs about $1,392–$1,691/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in New York?

New York's effective property tax rate is about 1.40% of value per year — the figure TrueCap applies by default for Syracuse deals. You can override it with the exact local rate.

Syracuse, NY

Syracuse rental property analysis

Syracuse is an affordable upstate-New York cash-flow market — Syracuse University and healthcare anchor demand, with a Micron chip plant adding long-term upside.

Syracuse market snapshot

Appreciation market

Compressed cap rates — the play here is long-term price growth over day-one cash flow.

Typical cap rate

5.5%

New York state median

Typical rent

$1,392–$1,691/mo

HUD FMR · 2–3BR · 2026

Typical price

$150,000–$240,000

est., all-in

Property tax

1.40%

New York effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Syracuse a good place to buy rentals?

Low entry and strong rent ratios deliver solid cash-on-cash, with Micron-driven growth on the horizon. Mind New York taxes; reserve for older stock.

See the full New Yorkinvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Syracuse

University Hill

Student demand, high occupancy.

Eastwood

Stable, family renters.

Strathmore

Desirable, steady demand.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Syracuse deal in 60 seconds

Paste a Syracuse address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with New York tax and HUD rent so you start from the right assumptions.

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