Syracuse vs Troy
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Syracuse has an edge
Syracuse edges ahead based on overall market conditions.
Median Home PriceBETTER
$264,378.2
Median Rent
$1,627.12/mo
Price-to-Rent RatioBETTER
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Median Home Price
$308,799.62
Median RentBETTER
$1,479.27/mo
Price-to-Rent Ratio
17.4
Property Tax RateTIE
1.72%
Price Change (1Y)
+4.5%
Price Change (5Y)
+22.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$123,804
Key Differences
Home Prices
Syracuse's median home price of $264,378.2 is lower than Troy's $308,799.62 by 14%.
Monthly Rent
Renting in Syracuse costs $1,627.12/mo compared to $1,479.27/mo in Troy—a difference of $147.85/mo.
Buy vs Rent Verdict
Syracuse favors either option, while Troy favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.