The story of this market
The typical home in ZIP 13408 sells for about $275,450, or $193 per square foot.
Prices are up +12.5% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $876 a month.
ZIP 13408 — Morrisville
The Syracuse housing market is experiencing strong price appreciation driven by a severe shortage of inventory. While buyer demand remains steady, the limited supply is pushing prices upward and keeping days on market low. Sellers currently hold the advantage in most transactions.
This area is well-suited for budget-conscious buyers and renters seeking proximity to urban employment centers and educational institutions.
Median prices moved up 12.5% year over year.
Homes spend a median of 33 days on market with 2.8 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 103.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 7.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 13408, Onondaga County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Syracuse area remain a significant concern, with property and violent crime indices consistently ranking higher than the national average.
Public schools in the Syracuse City School District generally face challenges with lower-than-average proficiency scores and graduation rates compared to suburban districts in Onondaga County.
The area faces moderate risks from winter weather events and localized flooding, with insurance premiums reflecting the regional climate profile.
Economic momentum is driven by the healthcare, education, and emerging technology sectors, with significant infrastructure investment linked to regional revitalization projects.
Property taxes in this jurisdiction are among the highest in the nation, determined by local municipal, county, and school district levies applied to assessed property values.
Residents typically rely on personal vehicles for commuting, with major highway corridors providing access to downtown Syracuse and surrounding employment hubs.
The area offers access to local parks, community centers, and proximity to the Finger Lakes region, providing diverse outdoor and cultural amenities.
The rental market is characterized by high demand and low vacancy rates, with rents showing consistent upward pressure due to limited housing supply.
The economy is anchored by healthcare (Upstate Medical University), higher education, and a growing logistics and manufacturing sector.
The area is served by a network of highways and public bus transit, though car dependency remains high for most commuters.
Urban renewal initiatives are focused on downtown revitalization and the conversion of aging infrastructure into mixed-use developments.
The Onondaga County assessment regime utilizes periodic revaluations to maintain tax base equity across municipal boundaries.
Parcels are subject to city, county, and school district taxes, with additional special district levies for water and sewer services.
Property insurance premiums are influenced by regional weather risks and the age of the housing stock.
Data retrieved from census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Turning Stone Resort Casino4.314.9 mi
- Critz Farms and Critz Farms Brewing & Cider Co.4.511.7 mi
- Heritage Hill Brewhouse4.219 mi
- Utica-Rome Speedway4.613.7 mi
- Stingers Pizza Pub4.316.9 mi
- Chittenango Falls State Park4.811.3 mi
- Oneida Community Mansion House4.611.1 mi
- Movieplex Cinema4.512 mi
- Stoney Pond State Forest4.54 mi
- Stone Quarry Hill Art Park Inc4.79.7 mi
- International Boxing Hall of Fame4.714 mi
- Oneida Community Mansion House4.611.1 mi
- All Things Oz Museum4.915 mi
- Stone Quarry Hill Art Park Inc4.79.7 mi
- Chittenango Landing Canal Boat Museum4.615.8 mi
- Chittenango Falls State Park4.811.3 mi
- Stoney Pond State Forest4.54 mi
- Stone Quarry Hill Art Park Inc4.79.7 mi
- Vernon National Shooting Preserve4.99.9 mi
- Mount Hope Park4.610.9 mi
- Seven Oaks Golf Club4.77.5 mi
- Barker Brook Golf Club4.78.5 mi
- Oneida Community Golf Club411 mi
- Price Chopper4.16.2 mi
- Price Chopper4.112.2 mi
- Tops Friendly Markets4.112.7 mi
- Glenwood Plaza4.312 mi
- Syracuse Hancock International Airport4.227.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution providing cultural and sports events.
Extensive waterfront park with trails and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.