Ithaca, NY 14850 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ithaca, NY—14850

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$398,000

2.0% YoY Growth

Household Income

$69,700

30.9% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$1,800

7.3% YoY Growth

1-Bed Rent

$1,500

3.7% YoY Growth

2-Bed Rent

$2,000

11.1% YoY Growth

3-Bed Rent

$2,400

3.3% YoY Growth

Home Price Trends — Ithaca, NY

As of Dec '25, the median home price in Ithaca, NY is $398,000, with a year-over-year change of 2.0%. This indicates that home prices in Ithaca, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$398,000	2.0%
Single Family	$400,000	2.0%
Condos	$279,000	2.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ithaca, NY

As of July '25, Rentcast reports the average rent in Ithaca, NY is $2,020, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Ithaca, NY is studios: $1,720, 1-bedrooms: $1,540, 2-bedrooms: $2,200, 3-bedrooms: $2,190, 4-bedrooms: $2,660. The most common rental property sizes in Ithaca, NY are 2-bedroom and 1-bedroom, accounting for 33.7% and 31.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$2,020
Studio Rent	$1,600	$1,720
1 Bed Rent	$1,500	$1,540
2 Bed Rent	$2,000	$2,200
3 Bed Rent	$2,400	$2,190
4 Bed Rent	$2,800	$2,660

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% of Rental Stock

Studio

8.5%

1 Bedroom

31.1%

2 Bedrooms

33.7%

3 Bedrooms

17.7%

4 Bedrooms

4.6%

5+ Bedrooms

4.4%

Property Listings — Ithaca, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Ithaca, NY is 81. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$428,000	-2.0%
Listing Count	104	19.0%
Listings as % of Homes	0.2%	19.0%
Days on Market	93	25.0%

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Demographics — Ithaca, NY

As of the latest ACS Survey released in 2023, Ithaca, NY has a population of 66,500, which has increased by 3.1% over the past 5 years. Ithaca, NY is a less popular place for families, as children make up 11.9% of the population. The area has a highly educated workforce, with 71.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	66,500	3.1%
% Under 18	11.9%	-4.8%
% Seniors	14.7%	22.5%
% WFH	22.3%	189.6%
% w/ College Degree	71.8%	13.1%

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As of the latest ACS Survey released in 2023, Ithaca, NY is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Ithaca, NY is asian, making up 13.3% of the population. Foreign-born residents account for 17.8% of the population in Ithaca, NY, and this percentage has decreased by 3.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	68.5%	-2.7%
% Black	4.8%	0.0%
% Hispanic	8.2%	43.9%
% Asian	13.3%	-11.9%
% Foreign Born	17.8%	-3.8%

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Mortgage and Risk — Ithaca, NY

According to HUD data as of 2023, there were 570 mortgage originations in Ithaca, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Ithaca, NY. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	570
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	3.0%
% Second Loans	3.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Ithaca, NY

As of 2024, the percent of homes in Ithaca, NY under the Section 8 program is 9.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Ithaca, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,836
Total Units Section 8	1,601
% Rentals under Section 8	9.7%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$60	$1,500	$1,560
2 Bedroom	-$220	$2,000	$1,780
3 Bedroom	-$260	$2,400	$2,140
4 Bedroom	-$340	$2,800	$2,460

Ithaca, NY—14850

Key Metrics at a Glance

Home Price Trends — Ithaca, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ithaca, NY

% of Rental Stock

Property Listings — Ithaca, NY

Demographics — Ithaca, NY

Race and Ethnicity

Mortgage and Risk — Ithaca, NY

Mortgages

Rentals and Section 8 — Ithaca, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Ithaca, NY

Home Price to Income Ratio

Ithaca, NY — ZIP Code Boundary Map

Nearby ZIP Codes

East Ithaca, NY

Fall Creek Parke

Slaterville Springs, NY

Newfield, NY

Freeville, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$398,000
Median Household Income	$69,700

Ithaca, NY—14850

Key Metrics at a Glance

Home Price Trends — Ithaca, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ithaca, NY

% of Rental Stock

Property Listings — Ithaca, NY

Demographics — Ithaca, NY

Race and Ethnicity

Mortgage and Risk — Ithaca, NY

Mortgages

Rentals and Section 8 — Ithaca, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Ithaca, NY

Home Price to Income Ratio

Ithaca, NY — ZIP Code Boundary Map

Nearby ZIP Codes

East Ithaca, NY

Fall Creek Parke

Slaterville Springs, NY

Newfield, NY

Freeville, NY

Frequently Asked Questions

What is the average home price in Ithaca, NY 14850?

How have home prices in Ithaca, NY 14850 changed over the past year?

What is the home price projection for Ithaca, NY 14850?

What are the demographics of Ithaca, NY 14850?

How long does it take homes to sell in Ithaca, NY 14850?

What is the average rent price in Ithaca, NY 14850?