How many renters live in East Syracuse, New York?
The City of East Syracuse has 3,065 people living in 1,412 households.
There are 1,646 renters living in 863 renter households in this City. Renters make up 53.7 percent of the population living in East Syracuse.
What is the rental market like in East Syracuse, New York?
There are an estimated 1,588 housing units in the East Syracuse area. Of these, 935 units are rental homes, making up 59 percent of the housing market. For every renter household in East Syracuse, New York, there are 1 rental units.
What is the vacancy rate for rentals in East Syracuse?
The rental vacancy rate in East Syracuse is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in East Syracuse for each bedroom size?
Occupied Rental Units by Size in East Syracuse
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 11 | 410 | 283 | 149 | 0 |
Occupied Rental Units by Size in East Syracuse
A large number of apartments in East Syracuse have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in East Syracuse are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 15 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in East Syracuse
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $1,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $828 |
| One BR | $916 |
| Two BR | $1,126 |
| Three BR | $1,381 |
| Four BR | $1,600 |
2024 Fair Market Rents in East Syracuse, New York
How many units are rented at Fair Market Rent (FMR) in East Syracuse?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 11 | 100 percent |
| One BR | 321 | 78 percent |
| Two BR | 244 | 86 percent |
Rental Units Below FMR in East Syracuse, New York
How many affordable rental units are in East Syracuse?
There are a variety of federal affordable housing programs serving households in East Syracuse, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 37 |
| Section 8 Project-Based Rental Assistance | 107 |
Tracked Units by Federal Program in East Syracuse, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in East Syracuse, New York
East Syracuse features 147 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in East Syracuse, New York
There are 85 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in East Syracuse.
Housing Choice Vouchers in East Syracuse, New York
On average, Section 8 Housing Choice vouchers pay East Syracuse landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in East Syracuse.
The maximum amount a voucher would pay on behalf of a low-income tenant in East Syracuse, New York for a two-bedroom apartment is between $1,013 and $1,239.
Sourced from federal housing data and AffordableHousingOnline.com research.
