Why are houses cheap in Syracuse New York?

Today, some 31.0\% of Syracuse residents live in poverty, roughly double the New York state poverty rate of 15.4\%. The high poverty rate is likely fueled, in part, by a struggling job market. “Often indicative of less desirable places to live, property is relatively cheap in Syracuse.

Why is it so cheap to live in Syracuse?

Affordability is so high in Syracuse not because people make more money there — the area’s median income closely matches the national median of $64,400 — but because home prices are so low. For homebuyers, that’s good; there’s not much competition for prized properties and home prices remain very low.

Is it cheap to live in Syracuse?

Summary about cost of living in Syracuse, NY, United States: Family of four estimated monthly costs are 3,282$ without rent. Syracuse is 27.36\% less expensive than New York (without rent). Rent in Syracuse is, on average, 68.69\% lower than in New York.

Why are there so many abandoned houses in Syracuse NY?

Some are abandoned after fires, broken dreams or bad investments. Others have owners who died with no one left to take over. Some languish after being neglected by absentee owners. The city spends about $1 million — all in city taxpayer money — to raze about 80 homes a year like 426 Rich St.

Is Syracuse NY A nice place to live?

U.S. News & World Report ranks Syracuse as one of the best places to live in the nation, thanks to quality of life, affordability, and lower crime rates than similarly sized metro areas. It all adds up to this declaration from the state’s iconic I Love New York: “Syracuse is an incredible kid-friendly city.”

Is Syracuse a good place to raise a family?

7) Top place to raise a family U.S. News & World Report ranks Syracuse as one of the best places to live in the nation, thanks to quality of life, affordability, and lower crime rates than similarly sized metro areas.

Why move to Syracuse NY?

Here are 30 reasons that will make you want to come running to this Upstate New York destination. 1. It’s Not Your Typical College Town Syracuse is home to Syracuse University, but with the fifth largest population in the state, this is not just a college town. Syracuse is everything and more.

Is Syracuse one of the best places to own real estate?

In 2007, Fortune Magazine dubbed Syracuse as one of the top ten places to own real estate. And in 2005, Money Magazine named the city one of the best places to live. How can so many big name publications be wrong?

What makes the Syracuse State Fair so special?

Since then, the Syracuse State Fair has become an annual tradition that has evolved into something much more than an ordinary state fair. Children of all ages flock to the carnival rides and the cotton candy stands.

What to do in Syracuse New York?

The Syracuse Shakespeare Festival, held annually, commemorates William Shakespeare and his brilliant works. The festival also has activities year-round including an acting workshop for children. 11. We Take Time To Enjoy Art And Culture Everson Museum of Art is a modern building with hundreds of art exhibits.