Syracuse - Best neighborhoods to invest for growth potential.

[Guramrinder Thind]

Hi BP community!

I am an out-of-state investor planning on investing in SFHs in the Syracuse area. I wanted to gather some wisdom from local investors on what neighborhoods/zip codes likely have the highest growth/appreciation potential for the coming years. I understand nobody can predict the future but I just wanted a general idea of where people think the fundamentals are strong.

On researching the neighboring markets, I also found the Oswego market interesting. Any thoughts on this?

Any insight would be much appreciated!

Cheers,

-Aman Thind.

[Kiernan LaFaver]

From what I'm seeing, it looks like (and should continue to look like) the clay, Cicero, and Liverpool areas are expected to get some of the higher appreciation in the coming years due to close proximity to Micron (Zip Codes 13039, 13041, 13088, 13090). Also in close proximity to micron are more rural areas, like Phoenix (13135) and Lysander that could likely be targets of development in the coming decade. Similar neighborhoods/suburbs to Clay/cicero would be in the east side of Syracuse, like DeWitt, Fayetteville, and Manlius. I've noticed quite a few price drops in SFH in these areas in the past few weeks due to shifting market conditions. All of these areas have relatively stable rent prices and notable appreciation rates

[Guramrinder Thind]

Quote from @Kiernan LaFaver:

From what I'm seeing, it looks like (and should continue to look like) the clay, Cicero, and Liverpool areas are expected to get some of the higher appreciation in the coming years due to close proximity to Micron (Zip Codes 13039, 13041, 13088, 13090). Also in close proximity to micron are more rural areas, like Phoenix (13135) and Lysander that could likely be targets of development in the coming decade. Similar neighborhoods/suburbs to Clay/cicero would be in the east side of Syracuse, like DeWitt, Fayetteville, and Manlius. I've noticed quite a few price drops in SFH in these areas in the past few weeks due to shifting market conditions. All of these areas have relatively stable rent prices and notable appreciation rates

Thank you! Really appreciate your insight.

[Jack Schwartz]

Yes Guramrinder, that’s correct. 

However, it’s important to ensure the area is safe. in those areas I would recommend checking local crime statistics on SpotCrime. you can use this link for an example,
to get detailed information: https://spotcrime.com/map?lat=43.1688001618486&lon=-77.6159378282709 

I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

Good luck on your journey!