Syracuse, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Syracuse short-term rental market based on reliable data.

Listings

803 / 1937

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$25,050

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$219,372

Median Home Sale Price

Top Earners

$59,328

Top-Earners Revenue

Syracuse

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Syracuse.

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B

Generally Investor friendly

Syracuse Regulations

Short‑term rentals are legal in Syracuse and broadly permitted in designated zones, but operators face multi‑layered compliance: a required city Rental Registry Certificate ($150, interior/exterior inspections, annual safety checks), mandatory state STR registration, and city/county/state tax collection and remittance. Regulations also impose density/size limits, minimum separation, and strong enforcement with fines up to $2,500 and license revocation, increasing compliance cost and risk for investors.

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About Syracuse

Syracuse sits in Onondaga County in central New York State, with a city population of roughly 145,000 residents and a metropolitan area approaching three quarters of a million. Often called the "Salt City" for its historical role in the salt trade, Syracuse has the feel of a mid-size Rust Belt city that has reinvented itself around higher education, healthcare, and a lively college-town atmosphere anchored by Syracuse University. It serves as a regional hub for central and upstate New York and as a natural gateway to the Finger Lakes region. From here, Rochester lies about 90 minutes to the west, while New York City is roughly 250 miles to the southeast and the Canadian border is within a few hours' drive to the north.

A short drive east of the city brings visitors to Green Lakes State Park, one of central New York's most distinctive natural areas. The park is famous for two glacially formed, unusually deep meromictic lakes, bodies of water in which the layers do not mix, surrounded by old-growth white cedar and hemlock forests. Roughly 20 minutes from downtown, the park offers nearly 2,000 acres for hiking, biking, golf, and swimming, and the emerald-green color of the water makes it a memorable stop in any season.

Just northwest of downtown, Destiny USA is one of the largest shopping and entertainment complexes in the northeastern United States. The facility combines hundreds of retail stores with restaurants, an indoor ropes course, go-karts, and a substantial hotel, drawing visitors from across the region year-round, particularly during Syracuse's snowy winter months.

About 25 miles southwest of the city, Skaneateles Lake anchors a charming village of the same name that is among the most photographed destinations in the Finger Lakes. The lake supplies drinking water to the city of Syracuse and is ringed by rolling vineyards, boutique inns, and a walkable downtown of locally owned shops. Boating, swimming, and wine-tasting along the surrounding byways make it an easy day trip from a Syracuse base.

Within the city itself, the Rosamond Gifford Zoo at Burnet Park is a year-round draw, with elephants, penguins, and conservation-focused exhibits that have historically been among the zoo's signature attractions. The Erie Canal Museum, housed in the historic Weighlock Building downtown, offers a quieter but compelling look at the waterway that once made Syracuse a commercial powerhouse, while the nearby Onondaga Lake Park provides a long shoreline trail popular with runners, cyclists, and families.

For owners of short-term rentals, Syracuse combines an accessible four-season climate, a built-in calendar of university events, weddings, and medical travel to nearby hospitals, and a strategic location within reach of the Finger Lakes, Adirondacks, and Thousand Islands. Its mix of urban amenities and natural escapes, all within a short drive, gives guests a different experience every time they return.

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