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Onondaga County, NY

RANK #39 / 996  ·  POP 472,637  ·  NY

PROJECTED GROWTH: +3.6%

Onondaga County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Onondaga County?

The presence of Skaneateles Lake, one of the cleanest lakes in the world, distinguishes Onondaga County, New York. The county is located in the central part of New York State, with Syracuse as its largest city and county seat. It sits west of Albany and Utica, and east of Rochester. Commutes within the county average around 20 minutes, and public transportation is available through the Centro bus system. The community offers a mix of suburban and rural settings, with access to over 70 parks and recreational areas, including Green Lakes State Park and the Old Erie Canal State Historic Park, providing opportunities for hiking, biking, and water activities.

Onondaga County offers a quality of life that attracts families and individuals, with highly rated public schools in areas like Fayetteville and Liverpool. The economy is experiencing growth, driven by investments in advanced manufacturing, particularly in the semiconductor industry. There are also ongoing initiatives to address housing needs and expand renewable energy infrastructure. The county's economic development efforts aim to create opportunities and strengthen the community for both current residents and those considering a move to the area.

[02] Market Snapshot

Housing Ratio
2.5x

Undervalued relative to economy

GDP Growth
+3.6%

Above national median

Home Prices
+5.8%

Outpacing national median

Climate & Terrain
-2.3

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 2.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Onondaga County U.S. National

The Numbers

DEMOGRAPHICS
Population
472,637
-0.42% YoY
Median Household Income
$71,479
Median Home Value
$172,800
+5.8% 12mo
Median Rent
$1,002
Average Annual Pay
$69,444
+5.0% YoY
Employment
245,375
+1.8% YoY
Income-to-Home-Value
0.4137
More affordable than average
Migration Inflow
2.41%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$240,500
Days on Market
37
Active market
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
100.0%
Near asking price
Sold Above List
43.6%
Listings w/ Price Drops
12.2%
Building Permits (2024)
633
Single-Family Permits
323

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$100,310M
TOTAL
PROJECT AMOUNT STATUS
Micron Technology Semiconductor Facility
Micron Technology
$100,000M Under Construction
Maple Harvest Wind Energy Project
Palmer
$160M Proposed
Community Solar Portfolio (multiple projects)
Various (e.g., CVE US EI5 Manlius West LLC, Tesla Inc., AES Distributed Energy)
$50M Operating
Consolidated Jail Operations / Public Safety Campus
Onondaga County
$50M Proposed
Mixed Residential Complex (436 units)
Undisclosed Developer
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.6% 67 percentile
Population Growth -0.4% 12 percentile
Income Growth +8.3% 43 percentile
Vacancy Rate 1.5% 21 percentile
Home Price Change +5.8% 94 percentile
Rent Growth +3.0% 51 percentile
Price/Rent 9x 98 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Onondaga County, NY a good place to move to?

Onondaga County has a Boom Town Index score of 96/100, ranking #39 among 996 U.S. counties. With job growth at +1.8% and a median household income of $71,479, it's an above-average county on economic indicators.

Is Onondaga County affordable?

The median home value in Onondaga County is $172,800 with median rent at $1,002/month. The income-to-home-value ratio is 0.4137, which is more affordable than the national average.

Is Onondaga County growing or shrinking?

Population growth: -0.4% year-over-year. Job growth: +1.8%. Home values changed +5.8% in the past 12 months.

Are people moving to Onondaga County?

Yes — 2.41% of Onondaga County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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