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Syracuse

Syracuse

Located in Kosciusko County

$448,806 Average Value
$248 Average Price per Sq Ft
14 Homes For Sale

Vacation homes and full-time living on Indiana’s largest natural lake

Vacationers from Chicago and Indianapolis know Syracuse as a waterfront vacation town in Kosciusko County. But the northern Indiana town is also home to roughly 3,200 year-round residents, a population that can surge to 15,000 during peak summer months. “Lake Wawasee is our crown jewel,” says Syracuse city manager David Wilkinson. “It’s the largest natural lake in the state of Indiana. We have Syracuse Lake connected to Lake Wawasee by a channel, so everybody comes here to enjoy the lakes.” While many buyers are interested in vacation homes on the water, full-time residents choose Syracuse for its laid-back atmosphere and plentiful parks and recreation, plus its proximity to the employment hubs of Goshen and Warsaw, both about 20 minutes away.

Median price of $350,000, but lakefront properties are at a premium

Lakefront properties in Syracuse are a hot commodity. Still, the town offers a variety of housing styles and prices, ranging from small cottages and ranch-style homes to multimillion-dollar mansions. The median price of a single-family home is about $350,000, which is higher than Goshen’s median of roughly $250,000. Condos are another option and can range from $200,000 for a studio to nearly $1 million for a four-bedroom unit. “We’re trying to build more housing and trying to find land to build homes, but we’re a bit landlocked with the lakes.” Wilkinson adds. There has been some progress: The former South Shore Golf Course was purchased in 2021 with the intent of building a mixed-use, master-planned community on the 100-acre property. Developers recently began seeking building proposals.

Wawasee schools offer career training and sailing lessons

Kids can attend Syracuse Elementary School before heading to Wawasee Middle School and Wawasee High School, all of which receive a B-minus from Niche. “We have the Wawasee Yacht Club and they train kids at the high school to sail,” Wilkinson says. Through the Pathways Wawasee Area Career and Technical Cooperative, high schoolers can pursue career fields like culinary arts, building trades and pre-nursing. The cooperative also offers the Polywood Academy, an advanced manufacturing program centered on the namesake furniture manufacturer in Syracuse that employs roughly 1,000 people.

More than 3,500 acres to boat, swim and fish

In the summer, outdoor enthusiasts from across the region flock to Lake Wawasee and Syracuse Lake for water sports, fishing tournaments and boating. Together, the lakes span more than 3,500 acres. “You can do almost whatever you want on the lake within reason,” Wilkinson says. “There’s no speed limit during the day, but after dark it’s a no-wake zone. There are people who ski and use surfboards to do windsurfing, and we even have seaplanes that land on the water.” Activity slows down in winter, but the lakes still get plenty of action. “Both the lakes will freeze over, and depending on the ice thickness, they allow vehicles on it, so people can drive out there for ice fishing,” Wilkinson says. Off the water, Wawasee Golf Club and Maxwelton Golf Club are both open to the public. Syracuse’s seven parks feature two public beaches and 11 miles of trails.

Waterfront dining at The Channel Marker

“We’ve got about 25 restaurants that range from high-end dining to some more usual fast-food places,” Wilkinson says. “There’s no lack of places to eat.” Downtown Syracuse is centered around the intersection of Main and Huntington streets and has several small businesses and local restaurants. A white gazebo at the intersection serves as the entryway for Down Under Bar and Grill, an underground eatery known for prime rib and cocktails. Boaters can dock and drop anchor at one of three waterfront restaurants. “The Channel Marker has been there for a long time,” Wilkinson says. “We also have The Frog Tavern, and The Pier and Back Porch at Oakwood Resort.” Groceries are available at Neighborhood Fresh.

Fireworks light up the lakes on the Fourth of July

Summer is Syracuse’s busiest time of year, and the main event, Independence Day, features two fireworks shows. “One is on Syracuse Lake, and that’s held on July fourth over the water. There’s another one for Lake Wawasee. It’s one of the largest in the state, and that’s always held on the Saturday after,” Wilkinson says.

Close to jobs and services in Warsaw and Goshen

The community’s somewhat narrow streets are lined with sidewalks and trees. State Route 13 serves as the main thoroughfare. Drivers can reach Goshen and Goshen Hospital within 15 minutes. Warsaw, a major employment hub, is 20 miles away. Fort Wayne and Fort Wayne International Airport are about 50 miles away, while Chicago and Chicago O’Hare International Airport are about 130 miles west.

Summertime worship on the water

Boat-In Worship is a unique summer offering on Lake Wawasee. “Every Sunday from Memorial Day to Labor Day, they pull out the SS Lillypad — this double-decker boat owned by the Frog Tavern — and have church services from the boat,” Wilkinson says. “People will pull up on their boats and drop anchor for worship. It’s been going on for a long time, and churches in the Syracuse-Wawasee Ministerial Association take turns hosting.”

Leslie Klosterman
Written By
Leslie Klosterman

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Syracuse Housing Trends

Housing Trends

Median List Price
$329,900
Median Sale Price
$296,725
Median Single Family Sale Price
$285,000
Median 2 Bedroom Sale Price
$310,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
58
Median Home Sale Price YoY Change
29%
Average Price Per Sq Ft
$248

Area Facts

Number of Homes
1,679
Number of Homes for Sale
14
Median Year Built
1963
Months of Supply
2.90
Average Single Family Home Size Sq Ft
1,963
On par with the national average
1,929
Average Townhouse Size Sq Ft
1,881
Average 2 Bedroom Size Sq Ft
1,079
Average 1 Bedroom Size Sq Ft
700
Median Lot Size Sq Ft
17,859

Open Houses

  • Sunday, Nov 9
    Open Sun 1PM - 3PM

    8941 E Nordman Dr, Syracuse, IN 46567

    $345,000

    • 3 Beds
    • 3 Baths
    • 2,592 Sq Ft
    • 8941 E Nordman Dr
    • New 3 days ago

    Newly remodeled home near Papakeechie Lake on just under an acre and a half with a pole barn. Step inside to the open-concept kitchen and living area featuring solid surface countertops, new appliances, and soft-close cabinets, with access to a new deck—perfect for entertaining or enjoying a quiet evening at home. This home offers 3, possibly 4, bedrooms and 3 full baths. The main level master

    Karissa Damewood Encore Sotheby's International Realty

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  • Saturday, Nov 8
    Open Sat 10AM - 12PM

    8629 E Hatchery Rd, Syracuse, IN 46567

    $329,900

    • 3 Beds
    • 2 Baths
    • 1,981 Sq Ft
    • 8629 E Hatchery Rd

    NEW PRICE Updated with lake life in mind in 2019, and then more improvements in 2023, this nearly 2,000sqft home offers 3 bedrooms (sleeping 8-11), 2 full baths and sits just minutes from dual lake access points: Lake Papakeechie and Lake Wawasee. Open-concept living/dining seamlessly flows into a generous kitchen with island. This home includes a main-level primary suite plus two upstairs

    Ben Ruhl Coldwell Banker Real Estate Gr

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  • Sunday, Nov 9
    Open Sun 12PM - 2PM

    13495 N Hillside Dr, Syracuse, IN 46567

    $339,900

    • 3 Beds
    • 2 Baths
    • 1,724 Sq Ft
    • 13495 N Hillside Dr

    OPEN HOUSE Sunday October 26th 12-2 PM...Affordable Lake Living! Well kept 3 bed 2 bath ranch with 130' frontage on Bonar Lake. New Well in December of 2023. Entertain on the large stamped concrete patio overlooking the lake or just sit and enjoy the sunset after coming in from your boat ride (year round pier included). Step inside to find a spacious kitchen with lots of cabinet space and newer

    Blake Sandberg Century 21 Circle

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Syracuse Has More Owners

Demographics

Total Population
3,466
Median Age
43
Population Density
4 ppl/acre
Population under 18
22.9%
On par with the national average
23.8%
Population over 65
22.5%
On par with the national average
19.1%

Finances

Median Household Income
$57,972
Below the national average
$71,702
Average Household Income
$69,859

Education and Workforce

High School Graduates
90%
College Graduates
24.9%
Below the national average
34.1%
Advanced Degrees
9.6%
On par with the national average
13.3%
% Population in Labor Force
66%

Weather

Annual Precipitation
40''
Average Winter Low Temperature
18°F
Average Summer High Temperature
83°F
Annual Snowfall
22''

Area Factors

Bikeable

Bike Score®®

66 / 100

Somewhat Walkable

Walk Score®®

55 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Syracuse