Foreclosure Homes for Sale in Syracuse, NY: What You Need to Know
Home prices in Syracuse are amongst the most affordable in New York. The median home price is $110,301. The most common housing type is single-family detached homes, which account for 39.25% of total housing units. You can also find duplexes, homes converted into small apartments, large apartment complexes, rowhouses, and condos. Roughly 65.31% of dwellings are rentals, leaving 34.69% of owner-occupied homes. Around 44% of Syracuse housing was built before 1939, making this one of the oldest housing inventories in America. Real estate has appreciated by 7.60% in the past 12 months.
Know Your Neighborhoods
In 2010, Forbes rated this city as one of the “Top 10 Places to Raise a Family.” Some top-notch neighborhoods to raise a family include Eastwood, Elmwood, Galeville, and Strathmore. These areas are all close to parks with a plethora of recreational activities for families. University Hill is a great neighborhood for singles and young adults as it is located beside some great amenities and has low crime rates. Some of the more affordable areas in the city that should be researched and considered more carefully as they have higher crime rates are Southwest, Lakefront, Brighton, and Skunk City. Some other safe and highly spoken areas are Onondaga Lake Park, Downtown Syracuse, and North Salina St.
Schools and Higher Education
The Syracuse City School District has about 21,000 enrolled students. The student-teacher ratio is 13:1. The student body is very diverse, with over 70 different languages spoken. The ESL program is offered in over 26 schools to help foreign language speakers learn English. More than 4,000 students in grades 7-12 participate in the athletics program every year. There are 31 total schools and an additional five alternative programs offered by the district.
Syracuse University is a popular college to attend in this area. Still, students have many options when choosing an institute of higher learning, as there are many private and public colleges they can choose to attend.
The Cost of Living in Syracuse
The cost of living in Syracuse is lower than most other areas on the East Coast. It is estimated that the monthly expenses for one person average out to $2,799, and for a family, it almost doubles to $4,262 a month. Let's survey a breakdown of these costs to help you create a detailed monthly budget.