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Onondaga County, NY

Syracuse

RANK #265 / 996 NAT  ·  #14 / 45 NY  ·  POP 472,637

1YR FORECAST: +4.0%

5YR OUTLOOK: +30%

#23 Best Rental Yield
Our model projects above-average housing market growth for Onondaga County at +4.0% over the next year.

[01] Why Onondaga County?

The presence of Skaneateles Lake, one of the cleanest lakes in the world, distinguishes Onondaga County, New York. The county is located in the central part of New York State, with Syracuse as its largest city and county seat. It sits west of Albany and Utica, and east of Rochester. Commutes within the county average around 20 minutes, and public transportation is available through the Centro bus system. The community offers a mix of suburban and rural settings, with access to over 70 parks and recreational areas, including Green Lakes State Park and the Old Erie Canal State Historic Park, providing opportunities for hiking, biking, and water activities.

Onondaga County offers a quality of life that attracts families and individuals, with highly rated public schools in areas like Fayetteville and Liverpool. The economy is experiencing growth, driven by investments in advanced manufacturing, particularly in the semiconductor industry. There are also ongoing initiatives to address housing needs and expand renewable energy infrastructure. The county's economic development efforts aim to create opportunities and strengthen the community for both current residents and those considering a move to the area.

[02] Market Snapshot

Housing Ratio
2.5x

Undervalued relative to economy

GDP Growth
+3.6%

Above national median

Home Prices
+5.8%

Outpacing national median

Climate & Terrain
-2.3

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 2.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    SUNY Upstate Medical University Healthcare
    10,000+
  2. 2
    Syracuse University Education
    5,000+
  3. 3
    St. Joseph's Health Healthcare
    2,500+
  4. 4
    Wegmans Retail
  5. 5
    Crouse Health Healthcare
  6. 6
    Roman Catholic Diocese of Syracuse Other
  7. 7
    Loretto Healthcare
    1,000+
  8. 8
    Lockheed Martin Manufacturing
  9. 9
    SRC, Inc. Technology
  10. 10
    Onondaga County Government Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Onondaga County U.S. National

The Numbers

DEMOGRAPHICS
Population
472,637
-0.42% YoY
Median Household Income
$71,479
Median Home Value
$172,800
+5.8% 12mo
Median Rent
$1,002
Average Annual Pay
$69,444
+5.0% YoY
Employment
245,375
+1.8% YoY
Income-to-Home-Value
0.4137
More affordable than average
Migration Inflow
2.41%
of pop. from another state
Bachelor's Degree+
36.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$240,500
Days on Market
37
Active market
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
100.0%
Near asking price
Sold Above List
43.6%
Listings w/ Price Drops
12.2%
Building Permits (2024)
633
Single-Family Permits
323

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.3
per 100K · nat avg 6.3
Firearm Fatalities
8.4
per 100K · nat avg 14.8
Injury Deaths
81.1
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
38.7
Good
Good Air Days
80%
868 of 1,091 days
Unhealthy+ Days (3yr)
9
Includes 1 Very Unhealthy
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
39
2022
37
2023
40
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$100,310M
TOTAL
PROJECT AMOUNT STATUS
Micron Technology Semiconductor Facility
Micron Technology
$100,000M Under Construction
Maple Harvest Wind Energy Project
Palmer
$160M Proposed
Community Solar Portfolio (multiple projects)
Various (e.g., CVE US EI5 Manlius West LLC, Tesla Inc., AES Distributed Energy)
$50M Operating
Consolidated Jail Operations / Public Safety Campus
Onondaga County
$50M Proposed
Mixed Residential Complex (436 units)
Undisclosed Developer
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.6% 67 percentile
Population Growth -0.4% 12 percentile
Income Growth +8.3% 43 percentile
Vacancy Rate 1.5% 21 percentile
Home Price Change +5.8% 94 percentile
Rent Growth +3.0% 51 percentile
Price/Rent 9x 98 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Onondaga County, NY a good place to move to?

With a Boom Town Index score of 73/100, Onondaga County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.8%, and median household income stands at $71,479 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NY.

Is Onondaga County affordable?

By national standards, Onondaga County is quite affordable. Homes here have a median value of $172,800, and the income-to-home-value ratio of 0.41 is well above the U.S. average — especially with median rent at just $1,002/month. Residents can generally buy a home without being cost-burdened.

Is Onondaga County growing or shrinking?

Employers in Onondaga County are hiring — job growth of +1.8% — but the population is close to flat (-0.4% YoY). Home values moved +5.8% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Onondaga County?

There's a moderate stream of newcomers. About 2.41% of residents moved from another state, which is above average and suggests Onondaga County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Onondaga County?

Home values climbed +5.8% year-over-year, which is a solid pace of appreciation. The median home in Onondaga County is now valued at $172,800. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Wayne County, NY 73 Chemung County, NY 73 Fulton County, NY 74 Ontario County, NY 74 Herkimer County, NY 72 Schenectady County, NY 72 Lorain County, OH 73 Lafayette Parish, LA 73