Realtor.com names Syracuse in Top 10 affordable place to live

As costs across the country escalate many Americans are looking for more affordable places to live, such as Central New York, in the heart of New York State.

More people moved from the New York City area to Central New York between 2019-2020, the highest number in at least 10 years, according to new IRS data. https://www.syracuse.com/data/2022/07/as-covid-raged-new-york-city-residents-poured-into-onondaga-county.html

The area is attractive because it’s affordable, has a dynamic dining and nightlife scene and a recently launched 5G network. https://www.syracuse.com/news/2020/10/verizon-launches-new-5g-coverage-on-north-south-sides-of-syracuse.html

The median price of a home is $179,000. Here’s a sampling of houses available in the area.

The website realtor.com lists Syracuse as one of the top “10 best affordable places to retire” in 2022. LINK: www.realtor.com

“For less than the cost of a down payment downstate, homebuyers can score amazing deals in and around Syracuse,” the real estate website said.

Syracuse is a college town (with a world-class research medical program), is known as the 20-minute city because of its ease of getting around and is known for its unique restaurant scene. It recently launched the fastest 5G network in the world.

For less than the cost of a down payment downstate, homebuyers can score amazing deals in and around Syracuse, including Utica and Ithaca. Websites like www.CNYrealtor.com and www.syracuse.com/realestate show housing costs in the area.

Syracuse is the only city in New York State to make the list.

Traverse City, Michigan, ranked No. 1 overall, followed by Portland, Maine; Salisbury, Maryland; Myrtle Beach, South Carolina; and Bloomington, Illinois. Popular retirement locations in warm climates like California and Arizona didn’t make the list at all as inflation, home prices and other costs have skyrocketed, while Port St. Lucie was the only place in Florida to make the top ten.

According to the methodology, the rankings are based on an analysis of the 300 largest metros (including surrounding towns and suburbs) with the most senior-friendly amenities in local homes for sale, including universal design and aging in place. The data also considered affordability (based on median list prices from June 2021 through May 2022), the highest populations with residents ages 60-plus (using U.S. Census Bureau data) and the higher number of businesses appealing to seniors. It ranked just one metro per state “to ensure the list’s geographic diversity.”