ZIP Code 13204 Housing Market

📝 Local Market Notes

The housing market in ZIP code 13204, located in Onondaga County, New York, exhibits a volatile yet upward price trajectory over the past five years. The FHFA House Price Index (HPI) for this area surged from 202.47 in 2021 to 248.42 in 2022, followed by a sharp correction to 209.81 in 2023. However, the market rebounded significantly, reaching 293.28 in 2024 and climbing to 306.29 in 2025. This recent acceleration indicates strong underlying demand, as the index has more than doubled from its 2021 levels despite the mid-period dip. Currently, ZIP 13204 is experiencing a year-over-year appreciation of 4.43%. This growth rate lags behind the broader Onondaga County average of 7.51% but slightly exceeds the New York State average of 3.55%. The divergence from the county figure suggests that while the regional market is heating up, ZIP 13204 is moderating its pace after the aggressive 2024 gains. This pattern often signals a market stabilizing after a period of rapid inflation, offering a slightly more measured entry point compared to neighboring areas like ZIP 13205, which is seeing much higher growth rates. Based on the parent county’s American Community Survey data, which reports a median home value of $200,200 and a median household income of $76,945, ZIP 13204 functions as a mid-tier sub-market. The 65.9% owner-occupancy rate supports a balanced mix of ownership and rental activity, with median gross rent at $1,108 per month. For prospective buyers, the data indicates a market that has recovered fully from 2023 lows and is now appreciating at a pace slightly above the state standard. Residents should note that while prices are rising, the rate of increase is currently below the county peak, suggesting a potential window for entry before further regional momentum drives values higher.

Based on FHFA House Price Index data.