Metro area index
Home appreciation in the Syracuse, NY metro area
FHFA HPI® data shows the Syracuse, NY metro area's all-transactions index changed +6.1% over the year to Q2 2026, versus +5.3% for New York and +3.0% for the U.S. That ranks 60th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.1%
- 5-year change
- +64.1%
- Since Q1 1995
- +245%
- Metro rank (1 year)
- 60th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Syracuse, NY vs New York and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Syracuse, NY: 344.6
- New York: 433.4
- United States: 391.6
Appreciation by time window
| Window | Metro | NY | U.S. | Gap vs NY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.1% | +5.3% | +3.0% | +0.8 pts | +3.1 pts |
| 3 years | +27.5% | +22.4% | +12.9% | +5.1 pts | +14.7 pts |
| 5 years | +64.1% | +49.9% | +41.3% | +14.2 pts | +22.8 pts |
| 10 years | +115% | +96.6% | +93.3% | +18.0 pts | +21.3 pts |
| Since Q1 1995 | +245% | +333% | +292% | −88.8 pts | −47.0 pts |
3-digit ZIP regions in the Syracuse, NY area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 132 · Syracuse, NY area | NY | +5.8% | +64.2% | +239% | 100% |
| 130 · Auburn, NY area | NY | +6.9% | +62.1% | +241% | 71% |
| 131 · Oswego, NY area | NY | +4.4% | +57.5% | +241% | 67% |
| 134 · Rome, NY area | NY | +8.8% | +58.0% | +256% | 13% |
Boom, bust, and recovery in Syracuse, NY area
Syracuse, NY area's index peaked in Q1 2009, fell 3.7% to its low in Q1 2014, and regained its peak in Q2 2015, about 6.2 years after the top. Today it sits +116% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q1 2014 | -3.7% | Q2 2015 (6.2 yrs) | +116% |
| NY | Q1 2007 | Q2 2012 | -14.0% | Q3 2017 (10.5 yrs) | +85.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Syracuse, NY area's index has changed +55.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NY after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.2% | +1.4% | -0.8% |
| 3 years | +9.8% | +16.1% | +11.5% | +2.8% |
| 5 years | +24.0% | +32.3% | +20.8% | +13.9% |
| 10 years | +39.1% | +54.3% | +41.4% | +39.0% |
| Since Q1 1995 | +121% | +55.6% | +95.8% | +76.8% |
If you bought in the Syracuse, NY area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +241% | $1,023,404 |
| Q2 2000 | +223% | $970,010 |
| Q2 2005 | +139% | $717,476 |
| Q2 2010 | +120% | $659,273 |
| Q2 2015 | +116% | $648,642 |
| Q2 2020 | +84.1% | $552,330 |
| Q2 2021 | +64.1% | $492,351 |
| Q2 2023 | +27.5% | $382,555 |
| Q2 2025 | +6.1% | $318,427 |
Frequently asked questions
- How much have home prices risen in the Syracuse, NY area?
- FHFA HPI® data for the Syracuse, NY metro area shows changes of +6.1% over one year, +64.1% over five years, and +115% over ten years to Q2 2026, and +245% since Q1 1995.
- Is the Syracuse, NY area beating the national average?
- Over the past year the metro's index moved +3.1 pts versus the U.S.; over five years the gap is +22.8 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.