Real Estate in CNY
Affordability. Variety. Livability. Commutability. Those are the words that come to mind when thinking about living in CNY.
Central New York is the place to be post-pandemic
Affordable housing and a good job market are two factors why Central New York - in the heart of New York State - has ranked as a great place to live, especially post-pandemic.
Here are a few recent rankings:
- Business Insider named three CNY cities as top places to live, post-pandemic. Ithaca ranked No. 1, Syracuse ranked No. 2 and Utica ranked No. 9 in the northeast United States.
- bestplaces.net ranked Syracuse's cost of living 79 out of the U.S average of 100
- Syacuse is ranked No. 54 in the United States on US News & World Report's Best Places to live in the U.S., because of its affordability, easy commutes and affordable housing. US News & World Report also ranked Syracuse No. 16 on its list of Best Affordable Places to Live in the country in 2018.
- A Forbes travel writer for Forbes magazine says Syracuse is one of the most underrated cities in the country, describing it as "brimming with excitement and charm."
"Perhaps known mostly for college basketball and snowy winters, Syracuse has been undergoing a modern-day renaissance in recent years and has more to offer locals and visitors than ever before," Roger Sands wrote in a piece on Forbes.com in 2018.
- bestplaces.net ranked Syracuse’s cost of living at 79 out of the U.S. average of 100. In other words, Syracuse is a more affordable place to live than many other cities across the nation.
Compare the median home sales price in Central New York with other regions of the country. In Onondaga County in 2019, the median sales price for a house was $156,000. Compare that price to the median for New York at $280,000. Or the median sales price in the Midwest at $209,900. Even costlier, the median sales price in the West was $410,700 and in the South, it was $234,900, according to the Greater Syracuse Association of REALTORS, the NYS Association of REALTORS and the National Association of REALTORS.
“This a terrific time to buy,” says John Arquette, Real Estate Broker and Owner of Century 21 Arquette Properties. “The availability of historically low interest rates and continued strong demand for housing make homeownership a wise investment.”
If you’re buying a home, be prepared to act quickly. Once you secure financing for your home, be ready to make a deposit with your purchase offer, says Arquette.
“Next establish a relationship with a local real estate agent. They get information on new listings faster than any website," he said.
Consequently, here’s a look at what kind of house $150,000 will buy in Central New York compared to other cities across the country. Check out some live real estate listings here.
Cost of living calculator
A cost of living comparison that includes food, housing, utilities, transportation, health, taxes, and housing costs.
Houses for sale in Central New York
Find the perfect house for sale in CNY today!