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Onondaga County, NY

RANK #416 / 1001 NAT  ·  #31 / 45 NY  ·  POP 471,129

1YR FORECAST: +3.8%

5YR OUTLOOK: +30%

#25 Best Rental Yield #36 Most Undervalued
Onondaga County's housing market is projected to grow +3.8% over the next year, tracking near the national average.

[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.

MARKET PROFILE

Heartland Steady Growth

Onondaga County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +6.6% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
5.1x

Below national median (11.3x)

Home Prices
+6.6%

Outpacing national median

Climate & Terrain
-2.3

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 5.1x 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
471,129
-0.1% YoY
Median Household Income
$76,945
Median Home Value
$200,200
+6.58% 12mo
Median Rent
$1,108
Average Annual Pay
$73,288
+5.5% YoY
Employment
250,264
+2.0% YoY
Income-to-Home-Value
0.3843
More affordable than average
Migration Inflow
2.57%
of pop. from another state
Bachelor's Degree+
39.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$287,250
Days on Market
19
Very hot — homes selling fast
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
105.5%
Homes selling above asking
Sold Above List
67.4%
Listings w/ Price Drops
17.8%
Building Permits (2025)
1,701
Single-Family Permits
364

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

Population Growth -0.1% 18 percentile
Income Growth +3.0% 56 percentile
Vacancy Rate 0.8% 67 percentile
Home Price Change +6.6% 95 percentile
Rent Growth +4.1% 69 percentile
Price/Rent 10x 98 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Onondaga County scores 58/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#416). Median household income is $76,945 and job growth is running at +2.0%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Onondaga County affordable?

By national standards, Onondaga County is quite affordable. Homes here have a median value of $200,200, and the income-to-home-value ratio of 0.38 is well above the U.S. average — especially with median rent at just $1,108/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 +2.0% — but the population is close to flat (-0.1% YoY). Home values moved +6.6% 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 2.57% 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 +6.6% year-over-year, which is a solid pace of appreciation. The median home in Onondaga County is now valued at $200,200. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Cayuga County, NY 59 Richmond County, NY 57 Rensselaer County, NY 57 Monroe County, NY 60 Clinton County, NY 60 Schenectady County, NY 61 Tulsa County, OK 58 McHenry County, IL 57