Rent to own Homes in Syracuse, NY
The county seat of Onondaga County, Syracuse, New York, is fifth-most populated city in the state. In a region that provides a home to over one million people, Syracuse is considered a hub both educationally and economically. It features Syracuse University, many sites for conventions and seminars, and numerous businesses. Also home to a number of museums, art houses and music venues and host to the New York State Fair, Syracuse provides a wealth of entertainment options for residents and tourists alike. With low median housing prices and cost of living numbers that are lower than the national average, it's little wonder that Syracuse made Forbes' list of Top 10 Places to Raise a Family in 2010.
Syracuse, NY is a great place for affordable rent-to-own homes! With a median household income of over $38,893 and a median rent of $830, the Syracuse, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Syracuse, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Syracuse, NY
- Auburn
- Aurora
- Baldwinsville
- Camillus
- Cato
- Cayuga
- Clyde
- Elbridge
- Fairmount
- Genoa
- Interlaken
- Jordan
- King Ferry
- La Fayette
- Lakeland
- Locke
- Marcellus
- Marietta
- Martville
- Melrose Park
- Memphis
- Meridian
- Moravia
- Ovid
- Port Byron
- Preble
- Radisson
- Red Creek
- Romulus
- Savannah
- Scipio Center
- Seneca Falls
- Seneca Knolls
- Skaneateles
- Sterling
- Union Springs
- Village Green
- Warners
- Waterloo
- Weedsport
- Wolcott
Buying a Home in Syracuse, NY
Syracuse, NY is seeing rapid growth and Syracuse, NY's' housing market remains optimal with an average home price that is -56% below the 2023 national average. Syracuse, NY is part of Onondaga county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Onondaga is 2.6% which is above the national average, which is 0.99%.
Median Home Price in Syracuse, NY
Median Rent in Syracuse, NY
Top Reasons to Live in Syracuse, NY
Housing in Syracuse Rent to own homes in this area are less costly than in many other New York cities, as the area has a median sales price of $95,000 and an average listing price of about $137,000. During the May to June 2013 time period, the area saw about 162 home sales. As far as rental prices are concerned, you'll find a median price of less than $200 per bedroom here. About 54 percent of residents rent homes, making the area a good place to find rent to own houses. And with an apartment and home vacancy rate of about 10 percent, finding rent to own options might not take very long. According to Century21.com, this New York hub has an annual residential turnover rate of about 16 percent.
Outdoor Activities If you like to get out in the great outdoors, Syracuse provides much to keep you busy. You'll have easy access to lakes for fishing and boating, and the city offers numerous trails for biking and hiking. The city is also home to over 50 parks and a selection of nature centers, including the Beaver Lake Nature Center, which has more than nine miles of trails and 200 types of birds. Onondaga Lake Park provides tons of family fun, featuring open space for skating, skateboarding, bicycling, picnicking and more. Visit Finger Lakes to explore wine trails and pick your favorite wine after the kids have had their fun. Golfers have plenty of options, as the area features 40 different courses, and the Rosamond Gifford Zoo stays open throughout the year.
Local Events and Festivals Syracuse hosts a wide variety of special events and festivals. The New York State Fair is the most notable, featuring tasty food selections, music, rides, animals and exhibits. However, you can also enjoy the annual Blues Festival and Blueberry Jam. Then there's the Madison Bouckville Antique Festival and the Sterling Renaissance Festival. The Skaneateles Festival's Family Fest Concert features amazing music selections on violin, piano, cello and harp. This area also hosts a range of conventions, including the New York State Family History Conference, the Anime Syracuse Convention and the New York State Highway & Public Works Expo.
Neighborhood Guide Since much of the property in Syracuse was built before World War II, you'll find many older homes and historic buildings in the city's neighborhoods. However, there are some newer homes for residents who prefer them, and the city has a diverse city/college-town feel. While the city does have a high population of students, families and couples round out the local flavor. Many Syracuse residents carpool or take public transportation to work, and average commutes are less than 20 minutes long. As a result, the air here is less polluted than in some other cities.