Compare Syracuse, NY mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Syracuse.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Syracuse. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Syracuse. Understand how much you need to earn to afford a home in Syracuse, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Syracuse fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Syracuse is right for you.
The median home value for Syracuse, NY (Onondaga County) is $186,610
Based on current mortgage rates and a 10% down payment, you need to make $38,930 per year to buy the median priced home in Syracuse
With this income, you could qualify for a $167,949 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Syracuse is $902
The median household income for Syracuse, NY (Onondaga County) is $66,498
Based on this income, you can afford a home valued at approximately $318,757
The home price you can afford to buy based on household income in Syracuse is 171% of the median home value which means housing prices are average. Syracuse (Onondaga County) ranks 30 out of 62 counties in New York and 1,366 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Syracuse, NY is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Syracuse (Onondaga County) below.
Conforming loan limits for Syracuse, NY
FHA loan limits for Syracuse, NY