Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$350,378+3.5% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$75,955About 1.1× the local median income ($72,326): a stretch for a typical household
Days on market58 daysFaster than a year ago: sellers have the edge
Next 12 months+1.4%Zillow expects prices to rise slightly
The typical home in Ithaca, NY is worth $350,378, up 3.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $295,403, so the area is 18.6% overvalued. It is a balanced market: homes take about 58 days to sell, listings are up 23% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 1.4% over the next year. A household needs about $75,955 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,326. Typical rent is $1,987 a month, or $2,434 for a house. In the latest IRS figures, 847 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$350,378
Change in 1 year
+3.5%
Overvalued %
+18.6%
Show 7 more
Fair home value
$295,403
Change in 5 years
+32.9%
Zillow forecast, next 12 months
+1.4%
Home value to income
4.8×
Monthly mortgage payment (20% down)
$1,899
Income needed to afford it
$75,955
Property tax rate
2.24%
Rent and investing
Typical rent
$1,987
Typical rent for houses
$2,434
Price-to-rent ratio
14.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,709
Gross rental yield
6.81%
Cap rate (estimate)
4.42%
Market activity
Listings vs a year ago
+23.1%
Days on market
58
Listings with a price cut
13.6%
Show 3 more
Homes for sale
213
Pending sales per 100 listings
86
Asking price per sq ft
$211
People and jobs
Median household income
$72,326
Population change (1 year)
−0.3%
Unemployment rate
5.5%
Show 4 more
Population
104,047
Income adjusted for cost of living
$70,015
Net moves in (IRS)
−847
Cost of living (US = 100)
103.3
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
73.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
86.2
Wildfire risk score
22.2
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is Ithaca, NY overvalued?
Home prices in Ithaca, NY are well above what local incomes have historically supported: fair value is about $295,403, so the area is 18.6% overvalued.
Is Ithaca, NY a buyer's or seller's market?
Ithaca, NY is a balanced market: homes take about 58 days to sell, listings are up 23% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Ithaca, NY?
Home values in Ithaca, NY are up 3.5% over the last year. Zillow's forecast for the next 12 months is +1.4%.
How much do you need to earn to buy a home in Ithaca, NY?
A household needs about $75,955 a year to afford the typical home in Ithaca, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,326.