Rental market data · 2024 Census estimates

Syracuse, NY rental yield and cash flow

In the Syracuse, NY metro, the median owner-occupied home was valued at $217,600 and the median gross rent was $1,114 a month in 2024. That is a gross rent yield of 6.14%, rank 4 of the 100 largest metros we track.

$217,600Median home value (±$5,205)

$1,114Median gross rent / mo (±$28)

6.14%Gross rent yield

16.3Price-to-rent ratio

2.13%Median taxes ÷ median value

31%Renter-occupied homes

0.51%Monthly rent ÷ price (1% rule)

0.66MMetro population

Does the median home cash flow at today's rate?

We priced a hypothetical rental at the metro medians: $217,600 purchase, $1,114 rent, 25% down, a 30-year loan at 7.28% (Freddie Mac's 30-year average for the week of October 1, 2026), $4,643 in annual property taxes, insurance at 0.5% of price, and 5% vacancy, 10% repairs and 8% management.

At these assumptions the median-priced home runs about $736 a month short of covering its costs (DSCR 0.34). Rent would need to reach about $2,070, 86% above the median, to break even, or the price would need to be near $68,929 for a 1.25 DSCR. Net operating income is about $4,562 a year, a 2.10% cap rate, against $13,400 of annual debt service.

Investment-property loans usually price above the owner-occupant average this survey reports, and your insurance quote, tax bill and rent will differ from a metro median. Change any input below.

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How Syracuse compares

Metros with the nearest gross yields among the 100 we track. * Cash flow uses the same assumptions as above.

Rank	Metro	Median value	Median rent	Gross yield	Price-to-rent	Cash flow / mo*
1	McAllen, TX	$164,200	$971	7.10%	14.1	-$364
2	Jackson, MS	$210,000	$1,100	6.29%	15.9	-$437
3	El Paso, TX	$208,800	$1,081	6.21%	16.1	-$628
4	Syracuse, NY	$217,600	$1,114	6.14%	16.3	-$736
5	Rochester, NY	$234,100	$1,172	6.01%	16.6	-$839
6	Dayton, OH	$228,600	$1,119	5.87%	17.0	-$674
7	Toledo, OH	$194,700	$949	5.85%	17.1	-$583

What these numbers leave out

Census gross rent includes utilities when the tenant pays them, so it can overstate what a landlord collects. Median value describes owner-occupied homes, not the rental stock, and a metro median hides wide neighborhood differences. Treat this page as a screen, then underwrite the specific property.

Sources

U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25064 (median gross rent)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25077 (median value, owner-occupied housing units)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25103 (median real estate taxes paid)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25003 (housing tenure)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B01003 (total population)
Freddie Mac Primary Mortgage Market Survey (30-year fixed average, week of October 1, 2026)

Data snapshot October 7, 2026. Methodology: all metros.