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Syracuse, NY mortgage & affordability calculator

The typical home in Syracuse, NY is worth about $200,000. With 20% down that's a loan near $160,000 — the calculator is pre-filled with that figure. Onondaga County's effective property tax rate is among the highest in the nation, a legacy of funding schools and services locally in a part of the state with limited population growth. Home prices remain low enough that the tax bill, while a high rate, stays modest in dollar terms.

$1,038.82 / month

Total interest
$213,976
Total paid
$373,976
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$40k$80k$120k$160k0612182430Year

How much you need to earn

Syracuse, NY's median household income is about $62,000 a year. Under standard 28/36 lending rules that supports a home price around $178,105 with 20% down — below the $200,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$178,120 max home price

Max loan amount
$138,120
Housing payment budget
$1,447
P&I budget
$897
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Syracuse, NY is about $1,200 a month, so owning the median home costs roughly $389 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Syracuse, NY?
On the metro's roughly $200,000 typical home with 20% down, the loan is about $160,000. Principal and interest run near $1,039 a month at today's rate, and Syracuse, NY's property tax plus insurance add about $550, for a full payment near $1,589.
Can I afford a home in Syracuse, NY on the median income?
The median household income is about $62,000 a year. Under standard 28/36 lending rules that supports a home price around $178,105 with 20% down — below the $200,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Syracuse, NY?
Typical asking rent is about $1,200 a month. The full owner payment on a median home is near $1,589, so owning costs roughly $389 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Syracuse, NY?
The effective property tax rate in the core county is about 2.70% of market value — roughly $5,400 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Syracuse, NY rising or falling?
Home values are up about 6% over the past year. Onondaga County's effective property tax rate is among the highest in the nation, a legacy of funding schools and services locally in a part of the state with limited population growth. Home prices remain low enough that the tax bill, while a high rate, stays modest in dollar terms.

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