In the heart of central New York lies Syracuse, a city with countless real estate options for homebuyers and renters alike. This guide offers an in-depth look at what the vibrant area offers regarding housing– from quiet streets to busy communities. Find out more about why people love living here; read on to discover great tips on how to find your perfect place in Syracuse!
The Appeal of Syracuse
Syracuse is attractive to people who want the best of both worlds– city life and country living. The city has a population of almost 144,000. They enjoy good food from around the world, as well as top art schools and lots of things to see and do.
Syracuse, NY, should be on your radar if you care about quality of life. This city has a strong community, lots of history, and costs that won’t break the bank! There are also many fun things for residents each day— including walking in parks or seeing plays.
The city has attractions that will appeal to all types of people. You can visit beautiful parks such as Green Lakes State Park or Highland Forest Park if you love nature. And if you’re a parent who wants your child to go to a good school, there are plenty in the area: for example, Jamesville-DeWitt High School and Nottingham High School.
In addition, the amiable individuals who live here create an environment where you will feel welcome in record time. Not only do stunning views and great amenities make Syracuse great– but there is also a strong sense of community. This is why many believe it is one of the top spots for New Yorkers looking to settle down.
Economic Opportunities
Syracuse might not be your initial thought when considering cities with many employment opportunities, but it has some significant economic players. These provide a range of jobs for local people: for example, within the Fortune 500 list, there is Lockheed Martin, Crouse Hospital, and Syracuse University.
There are also jobs in sectors like healthcare (making up the largest group), education, manufacturing, and professional services. Even though it is a small city, Syracuse has a strong job market– its unemployment rate is lower than the national average. Syracuse is one of the best-performing cities in this respect. And because the economy is doing well (as shown by low levels of unemployment), people who live in or move to Syracuse can feel pretty secure about their financial prospects: there’s also good news for investors.
The Real Estate Market in Syracuse is Strong
If you’re considering investing in real estate, it’s essential to consider whether a property is affordable and will hold its value. Luckily, Syracuse’s housing market is varied– meaning there are options for everyone. For people buying their first home and investors wanting to do something new, lots are going on in Syracuse!
Zillow reports that Syracuse’s average house price is well below the country’s median. This means the city is an affordable place to live– and there are bargains to be had. You can pick properties with different architectural styles depending on which part of town you move to; some areas have lots of Victorian homes while others boast new construction, for example. Some of the most popular neighborhoods include:
- Downtown: In the heart of Syracuse, there is a lively urban community where young professionals are flocking to live in new apartment buildings and converted industrial spaces. This area has developed over the past few years, and its popularity continues to grow.
- Armory Square: Armory Square attracts people who love being around old buildings and having many things going on. In this neighborhood southwest of downtown, you’ll find expensive condos alongside 19th-century mansions and funky lofts next door to restored brownstones.
- Tipperary Hill: Tipperary Hill is famous for its Irish roots and lovely houses influenced by diverse cultures. Affordable housing options attract young families who want to live in a community where people know each other.
- Eastwood: If peace is a priority for your family, consider moving to Eastwood. In addition to cute houses and parks, this area boasts some of the best public schools around– perfect for parents with kids!
Real Estate Market Insights
The housing market in Syracuse is doing very well, with positive growth signs. According to Zillow, the average home price in Syracuse is $189,462. This is up 13.9% from last year— an increase higher than the national average! Also, it only takes about six days for most homes to sell (go pending).
There is a strong desire for people to buy houses in Syracuse. But don’t worry if you can’t afford it or don’t want to commit to it in the long term. Many students from the local colleges and young professionals rent in this area, too, meaning there is a wide variety of rental properties on offer.
In addition to the busy market, Syracuse is working on future development projects. One example is a partnership between COR Development and Pennrose. They plan to build more than 500 affordable housing units. This move should boost rental options in the area. It may also lure new residents— who will, in turn, increase property prices!
Living in Syracuse
Cultural and Recreational Activities
Syracuse offers a vibrant mix of cultural and recreational activities. If you like art, you can look at paintings and sculptures in places like the Everson Museum of Art or watch an opera at the Syracuse Opera Company.
If you want to spend time in nature, consider visiting Green Lakes State Park or Onondaga Lake Park. You can hike, bike, watch birds, or picnic there. The Adirondack Mountains are nearby and offer even more activities, such as camping overnight or trekking!
Outdoor lovers can go boating, fishing, or kayaking on Lake Onondaga or Oneida Lake. If you’re looking for more thrill, try zip-lining at Toggenburg Mountain or rock climbing at Red River Gorge. Whether you’re interested in arts and culture or just having fun outdoors, there is lots to do!
Education and Healthcare
There is more to Syracuse than just being a pretty place with many things to see and do– it also has excellent schools and hospitals! Whether you’re looking at high schools (Jamesville-Dewitt High School, Faith Heritage School) or colleges (Syracuse University, Le Moyne College), plenty of top-notch options are available.
There are plentiful public and private schools that meet students’ different needs. Manlius Pebble Hill School and Nottingham High School are two of the best; they’re famous for being good at teaching stuff.
The healthcare system is impressive, with residents quickly accessing top hospitals like Upstate University Hospital and St. Joseph’s Hospital Health Center. These institutions provide quality care that ensures people get the medical help they need.
Community and Lifestyle
Syracuse has a lively and varied community provides residents with an outstanding lifestyle. In Armory Square, you can enjoy historic streets made of cobblestones and chic restaurants, cafes, and shops.
This lively neighborhood hosts community-building events, including the Syracuse Arts & Crafts Festival and Jazz in the City. There are also several restaurants unique to the area where you can grab a bite, like Empire Brewing Co., Coffee Pavilion Cafe, and Middle Ages Brewing Company.
Syracuse has many options if you want to shop somewhere other than a big chain store. You can visit unique shops such as Bounce Boutique and Vintage Love or head to big shopping malls like Destiny USA– there’s something here for everyone!
Transportation and Accessibility
Syracuse, NY, is a lively city with excellent transportation options. Whether you like driving, flying, or taking the train, you’ll find it easy to get around in Syracuse! The Syracuse Hancock International Airport is a central location for domestic and international flights. Centro buses are available for excellent city transportation, and major highways such as I-81 and I-90 make driving to nearby urban areas easy. Even though traffic congestion can be a concern during peak hours, they are not as bad here as in bigger cities– not by a long way. So, if you want to get around town quickly and easily, Syracuse is perfect!
Overall Conclusion on Living and Buying Real Estate in Syracuse
In summary, Syracuse, NY, shines as a residential and real estate hotspot. An appealing community, excellent standard of living, and affordable lifestyle contribute to its charm– there’s a lot here to like! The city also provides excellent job prospects for young professionals. At the same time, those with families or who are retired can feel safe (and never bored) thanks to abundant activities in secure neighborhoods. Add to this mix opportunities for investors to make money from property development plus homes that are so comfy it feels like they were built just for you; if there ever was an all-round winner in terms of a happy life and scope for financial gain (through real estate) look no further than Syracuse!
