Syracuse, UT, has quickly emerged as one of Utah’s most dynamic real estate markets, driven by robust population growth and escalating buyer demand. This thriving locale offers a blend of modern amenities, strategic infrastructure developments, and a strong quality-of-life appeal that continues to attract families, professionals, and investors alike. With rising home values and a steadily improving rental market, Syracuse stands out as a prime example of sustainable urban growth and a promising opportunity for those looking to invest in the future of residential real estate.
Market Overview and Appreciation Trends
Syracuse, Utah has emerged as one of the state’s fastest-growing locales, fueled by significant population growth and buyer demand. Recent data from Redfin shows that home prices in Syracuse reflect this high demand, with median values in the mid‑$500,000s. For example, according to Zillow’s data on home values and rental trends, the average home value in Syracuse is around $560,000—up roughly 3% over the past year. In early 2025, median listing prices reached about $625,000, marking a 5% year-over-year increase, as reported by Realtor.com’s listing price trends. The market’s resilience is further evidenced by a steady climb in the median sale price per square foot (about 7.7% higher than last year) and a reduction in the average days on market from 69 to around 57 days, according to additional Redfin data.
Several factors contribute to this upward trend. Syracuse benefits from a high median household income (approximately $125,600)—a figure supported by Zillow’s income data. The city’s population has surged by 14.3% from 2020 to 2023, reaching roughly 37,000 residents—a growth rate highlighted by KSL’s population reports. This rapid influx of new residents has bolstered housing demand, keeping prices robust even as new construction adds inventory. While Syracuse’s home prices remain slightly above the state average, there is notable variation within the city; for example, northern neighborhoods tend to command higher prices compared to more affordable options in the south, as detailed on BestNeighborhoods.org.
Rental Demand and Yields
Though Syracuse is primarily a homeowner market, the rental sector experiences healthy demand. Data from Zillow indicates that the average rent for all property types in Syracuse is about $2,300 per month, roughly 13% higher than the national average. This premium can be attributed to the city’s high quality of life and limited rental supply. An analysis on BestNeighborhoods.org further reveals that the average rent is around $1,786 per month and that renters typically spend only about 18% of their household income on rent—an attractive scenario for landlords.
One reason for the higher rents is the scarcity of rental units. With owner-occupancy rates so high (only about 8% of residents rent their homes, according to BestNeighborhoods.org), competition among renters is intense. Zillow categorizes the Syracuse rental market as “warm,” meaning that demand is strong. Low vacancy rates (around 5% or less) further underline the tight rental market, making single-family rentals a viable investment option with gross rental yields of approximately 4–5%.
Economic Growth and Development Drivers
Syracuse’s appeal as an investment market is also driven by its robust economic and infrastructure growth. Davis County, where Syracuse is located, benefits from major employment hubs such as Hill Air Force Base, Utah’s largest single-site employer. The steady influx of military families and defense contractors, as reported by KSL, adds to the housing demand. The broader Davis County economy, which continued to grow even during challenging times, is characterized by a highly educated workforce, top-rated schools, and low unemployment.
Another catalyst for growth is the new West Davis Corridor (SR‑177) highway, which opened its first 16-mile section in January 2024. This development, along with Syracuse’s own interchange at Exit 13 on the corridor (Syracuse City & Utah Gov), has improved connectivity to job centers like Salt Lake City. City officials have noted a “significant increase in interest” in new projects due to the highway, with multiple developments and large retailers planning to locate in the area. In fact, a 169‑acre area at Antelope Drive and 3000 West has been earmarked for mixed‑use development—a move that will likely boost nearby property values as described in KSL’s development news.
Quality-of-life indicators further enhance Syracuse’s attractiveness. The city’s family-friendly environment, top‑rated schools, numerous parks, and proximity to attractions like Antelope Island State Park make it a desirable location for young families and professionals alike.
Promising Neighborhoods and Investment Areas
Within Syracuse, several neighborhoods stand out for their investment potential. Each area combines historical appreciation, ongoing development, and high desirability among buyers and renters.
Still Water (West Syracuse)
Still Water is a newer master‑planned community known for its family-oriented atmosphere and modern homes. According to Doxey Real Estate Group, home prices in Still Water generally range from the mid‑$400,000s to the upper $600,000s. Recent builds featuring open‑concept designs and energy‑efficient features are attracting both buyers and renters. The community’s proximity to amenities like Jensen Nature Park and the presence of quality schools further boost its appeal.
Monterey Estates (Central Syracuse)
Monterey Estates is another growing community, characterized by spacious homes and well‑maintained green spaces. Home values in this area typically range between $450,000 and $700,000, as noted by Doxey Real Estate Group. Its excellent connectivity to major roadways, including access to the West Davis Corridor, makes it a favorite among professionals. Multiple parks, playgrounds, and nearby shopping centers add to the area’s long‑term appeal for families.
Cranefield Estates (North Syracuse)
Located on the northern edge of Syracuse, Cranefield Estates offers a mix of new and slightly older homes in a well‑planned setting. With home prices ranging from around $500,000 to $750,000, this area is ideal for investors targeting the higher‑end market. Doxey Real Estate Group highlights that Cranefield Estates benefits from excellent local amenities, including proximity to a golf course and highly rated schools, all of which help maintain strong property values and rental rates.
Glen Eagle Golf Course Area (Northwest Syracuse)
The Glen Eagle area, centered around the Glen Eagle Golf Club, is one of Syracuse’s most prestigious neighborhoods. Homes adjacent to the golf course often command premium prices; Redfin notes that the median list price for such properties is around $594,000. With its upscale homes and scenic views, this neighborhood is attracting high‑end buyers. The recent opening of Exit 13 on the West Davis Corridor further boosts the area’s accessibility, while planned mixed‑use developments promise to enhance local amenities even further, as discussed on Syracuse City & Utah Gov and KSL.
Bluff Ridge (South Syracuse)
Bluff Ridge offers a more affordable entry into the Syracuse market, with home prices typically between $450,000 and $650,000. This scenic neighborhood, known for its large lot sizes and a mix of older and newer homes, appeals to families looking for a quieter setting. According to Doxey Real Estate Group, the affordability of Bluff Ridge combined with its strong community vibe makes it a promising area for investors who wish to capture growth potential as Syracuse expands.
Investment Outlook and Key Takeaways
Syracuse, UT, presents a compelling opportunity for real estate investors. Its rapid population growth, strong income demographics, and ongoing infrastructure improvements have all contributed to a robust housing market characterized by rising prices and solid rental demand. As noted by Zillow and Realtor.com, key market indicators such as home price increases and low days on market reflect a resilient and upward‑trending market. Economic growth, spurred by projects like the West Davis Corridor (KSL) and new commercial developments, will likely further enhance property values in the future.
For investors, each of Syracuse’s top neighborhoods offers distinct advantages:
- High‑growth new subdivisions like Still Water and Monterey Estates provide modern, family‑friendly homes with strong resale value.
- Upscale communities such as Cranefield Estates and the Glen Eagle area cater to higher‑end market segments with premium rental rates.
- More affordable areas like Bluff Ridge offer a lower entry point with promising long‑term appreciation potential.
- Overall, Syracuse’s blend of quality of life, economic momentum, and strategic infrastructure development makes it an attractive market for both owner‑occupants and investors seeking stable long‑term returns.
Empowering Your Investment Journey in Syracuse, UT, with Doxey Real Estate Group
Doxey Real Estate Group is poised to assist investors and homebuyers in navigating Syracuse’s flourishing market. With extensive local expertise and a commitment to exceptional service, Doxey Real Estate Group helps clients identify and secure opportunities in this rapidly growing community, ensuring that each investment aligns with long-term financial goals and the evolving market trends. Connect with them today!