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Ithaca

Learn about the people, housing, costs and businesses in Ithaca

Median Home$315,505
Median Rent$1,373/month
Population104,537
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare47% public administration
Home Value Growth⬆⬆⬆+21.7% over 2 years
Young Adults44% of residentstop 1% nationally
Homeowners54% of occupied units
NotableTransit82/100 · excellent transit access
NotableHighly Educated25% bachelor's · 19% graduate · top 15% nationally
Ithaca

Frequently Asked Questions

What are today's mortgage rates in Ithaca?

Mortgage rates for Ithaca are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Ithaca
What is the median home price in Ithaca?

The median home value in Ithaca is $316k. The median monthly rent is $1,373. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ithaca?

Home values in Ithaca have increased 21.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ithaca?

Based on a typical all-in ownership cost of $1,431/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ithaca is $78k/year.

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What industries drive the economy in Ithaca?

The largest employment sectors in Ithaca are public administration (47%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.