Insights / Syracuse

Firm
Mixed
Condition and direction
Syracuse, NY · recomputed daily
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Syracuse, NY Multifamily Market Read | September 2026

Syracuse reads Firm and Mixed, so landlords have the edge. Asking rents are firming, up 3.0% over the past year (Zillow ZORI, monthly, latest Aug 2026). This brief lays out what the current data shows for Syracuse, grouped by how often each source updates.

Updated September 20, 2026

Asking rent YoY · monthly
+3.0%
Vacancy · 2024
2.9%
Jobs YoY · monthly
-0.5%

What is moving now (monthly)

Asking rents are firming, up 3.0% over the past year (Zillow ZORI, monthly, latest Aug 2026). Jobs are softening, down 0.5% over the past year (BLS, monthly, latest Aug 2026).

The backdrop (yearly, US Census Bureau)

Vacancy was 2.9%, on the low side, a tight rental market, in the 2024 count (US Census Bureau). This is a yearly snapshot, not a monthly signal. New permitting was heavy, +293.9% in the 2025 count (US Census Bureau, building permits). A standing yearly figure, not a live signal. Net migration was negative at -3.8 per 1,000 residents in the 2025 count (US Census Bureau).

Rent context

The metro median rent, including utilities, was about $1,114 a month in the 2024 count (US Census Bureau).

What the data shows

Taken together, Syracuse is Firm and mixed: landlords have the edge. The monthly movers, asking rent and jobs, are the live part of the picture, while vacancy, permitting, and migration are yearly snapshots that set the backdrop. MetroSgnl reads the market from public data and shows every figure with its source and cadence. This is market information, not investment advice, and not a recommendation about any property.

Common questions about Syracuse · answered from the data, updated September 20, 2026

Is the Syracuse rental market tight or soft right now?

Syracuse reads Firm right now, so landlords have the edge.

Which way is the Syracuse market heading?

Syracuse is mixed right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Syracuse a landlord's or a renter's market?

Syracuse is a landlord's market right now, because it reads Firm.

What is the vacancy rate in Syracuse?

Vacancy in Syracuse is 2.9% in the Jan 2024 count, a yearly snapshot rather than a live monthly signal (US Census Bureau).

How much have Syracuse rents changed?

Asking rents in Syracuse are up 3.0% over the past year (Zillow ZORI, monthly, latest Aug 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

An idea to jumpstart housing in Onondaga County emerges as issue in budget talksSyracuse.com
State OKs millions to let developer start building Maria Regina apartmentssyracuse.com
‘Tiny’ housing agency grows to address Syracuse’s homeless crisisSyracuse.com
The best affordable neighborhoods in Syracuse, NY, for renters on a budgetRentCafe blog
Housing proposal in Clay would add 450-plus apartments, along with offices and retail, near MicronSyracuse.com
Developers plan to convert Popcorn Supply building in Syracuse into 36 apartmentsSyracuse.com
See all Syracuse news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.

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