Cities with the fastest growing home prices in Syracuse metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Syracuse metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Syracuse, NY metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 20 cities and towns with data available were included in the list.

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Stacker

#20. Lacona, NY

- 1-year price change: +$6,627 (+4.4%)
- 5-year price change: +$41,581 (+35.9%)
- Typical home value: $157,341 (#16 most expensive city in metro)
2 / 20
Stacker

#19. Nedrow, NY

- 1-year price change: +$10,584 (+8.5%)
- 5-year price change: +$53,555 (+66.0%)
- Typical home value: $134,696 (#20 most expensive city in metro)
3 / 20
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#18. Altmar, NY

- 1-year price change: +$11,130 (+7.6%)
- 5-year price change: +$42,328 (+36.9%)
- Typical home value: $157,094 (#17 most expensive city in metro)
4 / 20
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#17. Pulaski, NY

- 1-year price change: +$11,862 (+7.2%)
- 5-year price change: +$60,010 (+51.5%)
- Typical home value: $176,634 (#13 most expensive city in metro)
5 / 20
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#16. Fulton, NY

- 1-year price change: +$14,921 (+11.6%)
- 5-year price change: +$53,075 (+58.8%)
- Typical home value: $143,414 (#18 most expensive city in metro)

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#15. Syracuse, NY

- 1-year price change: +$15,436 (+10.3%)
- 5-year price change: +$64,537 (+63.7%)
- Typical home value: $165,803 (#14 most expensive city in metro)
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#14. Phoenix, NY

- 1-year price change: +$16,085 (+9.4%)
- 5-year price change: +$61,195 (+48.4%)
- Typical home value: $187,567 (#9 most expensive city in metro)
8 / 20
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#13. North Syracuse, NY

- 1-year price change: +$19,496 (+12.1%)
- 5-year price change: +$62,613 (+52.9%)
- Typical home value: $181,041 (#12 most expensive city in metro)
9 / 20
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#12. East Syracuse, NY

- 1-year price change: +$19,937 (+11.6%)
- 5-year price change: +$78,933 (+69.8%)
- Typical home value: $192,009 (#8 most expensive city in metro)
10 / 20
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#11. Earlville, NY

- 1-year price change: +$21,673 (+17.8%)
- 5-year price change: +$47,448 (+49.6%)
- Typical home value: $143,109 (#19 most expensive city in metro)

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11 / 20
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#10. Jordan, NY

- 1-year price change: +$23,425 (+14.3%)
- 5-year price change: +$62,819 (+50.6%)
- Typical home value: $186,905 (#10 most expensive city in metro)
12 / 20
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#9. Munnsville, NY

- 1-year price change: +$26,725 (+20.1%)
- 5-year price change: +$58,374 (+57.8%)
- Typical home value: $159,382 (#15 most expensive city in metro)
13 / 20
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#8. Liverpool, NY

- 1-year price change: +$27,161 (+13.9%)
- 5-year price change: +$77,567 (+53.2%)
- Typical home value: $223,241 (#3 most expensive city in metro)
14 / 20
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#7. Baldwinsville, NY

- 1-year price change: +$28,189 (+12.7%)
- 5-year price change: +$87,265 (+53.8%)
- Typical home value: $249,463 (#2 most expensive city in metro)
15 / 20
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#6. Minoa, NY

- 1-year price change: +$28,879 (+15.8%)
- 5-year price change: +$77,649 (+58.1%)
- Typical home value: $211,241 (#5 most expensive city in metro)

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16 / 20
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#5. Canastota, NY

- 1-year price change: +$29,115 (+19.1%)
- 5-year price change: +$66,637 (+57.9%)
- Typical home value: $181,716 (#11 most expensive city in metro)
17 / 20
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#4. Morrisville, NY

- 1-year price change: +$29,601 (+18.2%)
- 5-year price change: +$70,413 (+57.8%)
- Typical home value: $192,302 (#7 most expensive city in metro)
18 / 20
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#3. Bridgeport, NY

- 1-year price change: +$31,967 (+18.6%)
- 5-year price change: +$70,479 (+52.8%)
- Typical home value: $203,942 (#6 most expensive city in metro)
19 / 20
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#2. Chittenango, NY

- 1-year price change: +$36,041 (+19.4%)
- 5-year price change: +$82,785 (+59.4%)
- Typical home value: $222,038 (#4 most expensive city in metro)
20 / 20
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#1. Fayetteville, NY

- 1-year price change: +$38,566 (+14.0%)
- 5-year price change: +$107,491 (+51.9%)
- Typical home value: $314,438 (#1 most expensive city in metro)

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