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Ithaca, NY Home Values and Rents
The median home value in Ithaca is $342,700, 424th highest of 837 cities and towns in New York. Median rent is $2,038 a month.
- Median home value
- $342,700
- 424th of 837 in NY
- Median rent
- $2,038/mo
- Zillow observed rent
- Price change, 1 year
- +6.7%
- County index, 2025
- Homeownership
- 29.6%
- NY: 54.3%
Tompkins County home price trend
FHFA annual House Price Index for Tompkins County, 2000 = 100, compared with New York
Show as a table
| Period | Tompkins County |
|---|---|
| 2025 | 319 |
| 2024 | 299 |
| 2023 | 283 |
| 2022 | 255 |
| 2021 | 225 |
| 2020 | 204 |
| 2019 | 197 |
| 2018 | 197 |
| 2017 | 195 |
| 2016 | 186 |
| 2015 | 178 |
| 2014 | 179 |
| 2013 | 168 |
| 2012 | 165 |
| 2011 | 164 |
Beta
Over five years, Tompkins County prices changed +56.0%, compared with +44.0% for New York.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Ithaca, NY MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,198 | -5.1% |
| 1 bedroom | $1,427 | -2.7% |
| 2 bedrooms | $1,709 | -2.5% |
| 3 bedrooms | $2,040 | -2.9% |
| 4 bedrooms | $2,631 | +0.3% |
Frequently asked questions
- What is the median home value in Ithaca, NY?
- The median home value in Ithaca is $342,700, based on the American Community Survey 2020-2024 5-year estimates. The New York median is $423,800.
- How much is rent in Ithaca?
- The median rent in Ithaca is $2,038 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,709.
- Are home prices going up in Ithaca?
- Home prices in Tompkins County changed +6.7% over one year and +56.0% over five years, as of 2025.
- How does Ithaca compare with the rest of New York?
- Ithaca has the 424th highest median home value of 837 cities and towns with 1,000+ residents in New York.