How much house does $500,000 buy you in Syracuse?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Syracuse?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Syracuse right now. Listings below $500,000 were included if necessary.
1078 Willowdale Rd, Skaneateles, NY 13152
- Price: $499,000
- 6 bedrooms, 3 bathrooms
- Square feet: 2,805
- See 1078 Willowdale Rd, Skaneateles, NY 13152 on Redfin.com
53 Utica St, Hamilton, NY 13346
- Price: $450,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,526
- See 53 Utica St, Hamilton, NY 13346 on Redfin.com
3354 Hayes Rd, Baldwinsville, NY 13027
- Price: $500,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,072
- See 3354 Hayes Rd, Baldwinsville, NY 13027 on Redfin.com
3228 Cedarvale Rd, Nedrow, NY 13120
- Price: $475,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,020
- See 3228 Cedarvale Rd, Nedrow, NY 13120 on Redfin.com
203 E Genesee St, Fayetteville, NY 13066
- Price: $449,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,985
- See 203 E Genesee St, Fayetteville, NY 13066 on Redfin.com
5777 Buttonvale Rd, Fayetteville, NY 13066
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,664
- See 5777 Buttonvale Rd, Fayetteville, NY 13066 on Redfin.com
181 Creamery Rd, Oswego, NY 13126
- Price: $485,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,041
- See 181 Creamery Rd, Oswego, NY 13126 on Redfin.com
21 Wedgeworth Dr, West Monroe, NY 13167
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,859
- See 21 Wedgeworth Dr, West Monroe, NY 13167 on Redfin.com
135 Peridot Dr, Syracuse, NY 13219
- Price: $489,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,055
- See 135 Peridot Dr, Syracuse, NY 13219 on Redfin.com
110 Old Farm Rd, Fayetteville, NY 13066
- Price: $469,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,013
- See 110 Old Farm Rd, Fayetteville, NY 13066 on Redfin.com
8751 Blue Heron Cir, Baldwinsville, NY 13027
- Price: $450,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,766
- See 8751 Blue Heron Cir, Baldwinsville, NY 13027 on Redfin.com
53 Dylan Dr, Central Square, NY 13036
- Price: $499,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,384
- See 53 Dylan Dr, Central Square, NY 13036 on Redfin.com
21 State St, Phoenix, NY 13135
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,181
- See 21 State St, Phoenix, NY 13135 on Redfin.com
2254, Otisco, NY
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,540
- See 2254, Otisco, NY on Redfin.com
3554 Cody Rd, Cazenovia, NY 13035
- Price: $459,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,358
- See 3554 Cody Rd, Cazenovia, NY 13035 on Redfin.com
7404 Bonney Hill Rd, Hamilton, NY 13346
- Price: $495,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 1,792
- See 7404 Bonney Hill Rd, Hamilton, NY 13346 on Redfin.com
8187 Trellis Brook Ln, Liverpool, NY 13090
- Price: $475,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,440
- See 8187 Trellis Brook Ln, Liverpool, NY 13090 on Redfin.com
1404 Riverbend Dr, Baldwinsville, NY 13027
- Price: $479,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,227
- See 1404 Riverbend Dr, Baldwinsville, NY 13027 on Redfin.com
8540 Angus Path, Cicero, NY 13039
- Price: $479,815
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,000
- See 8540 Angus Path, Cicero, NY 13039 on Redfin.com
4638. Lot 5 Pauli Dr, Manlius, NY 13104
- Price: $471,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,737
- See 4638. Lot 5 Pauli Dr, Manlius, NY 13104 on Redfin.com
636 County Route 37, Central Square, NY 13036
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,711
- See 636 County Route 37, Central Square, NY 13036 on Redfin.com
404 Dewport Rd, Baldwinsville, NY 13027
- Price: $475,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,640
- See 404 Dewport Rd, Baldwinsville, NY 13027 on Redfin.com
115 Bloomfield St, Van Buren, NY 13027
- Price: $479,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,626
- See 115 Bloomfield St, Van Buren, NY 13027 on Redfin.com
8532 Angus Path, Cicero, NY 13039
- Price: $474,655
- 3 bedrooms, 2 bathrooms
- Square feet: 1,625
- See 8532 Angus Path, Cicero, NY 13039 on Redfin.com
240 Marineview Dr, Chittenango, NY 13037
- Price: $465,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,604
- See 240 Marineview Dr, Chittenango, NY 13037 on Redfin.com
7353 Lakeshore Rd, Cicero, NY 13039
- Price: $449,900
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,408
- See 7353 Lakeshore Rd, Cicero, NY 13039 on Redfin.com
217 Sloperville Rd, Altmar, NY 13302
- Price: $450,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,663
- See 217 Sloperville Rd, Altmar, NY 13302 on Redfin.com
141 Chipman Ln, Sandy Creek, NY 13145
- Price: $474,900
- 3 bedrooms, 1 bathroom
- Square feet: 1,616
- See 141 Chipman Ln, Sandy Creek, NY 13145 on Redfin.com
8024 Timber Banks Pkwy, Lysander, NY 13027
- Price: $490,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,600
- See 8024 Timber Banks Pkwy, Lysander, NY 13027 on Redfin.com
3066 New York 13, Pulaski, NY 13142
- Price: $479,000
- 1 bedroom, 1 bathroom
- Square feet: 1,616
- See 3066 New York 13, Pulaski, NY 13142 on Redfin.com
