Ithaca, NY has a strong housing market with a median value of $332,800, which is slightly below the US median value of $338,100. The housing market in Ithaca has appreciated by 7.27% in the last year, which is slightly lower than the national appreciation rate of 8.27%. It appears that Ithaca's housing market has become more attractive in recent years as many people are looking for desirable locations outside of major cities. With its excellent schools and convenient location close to major metropolitan areas, it's no surprise that Ithaca's housing prices have been steadily increasing over time.
The median home cost in Ithaca is $332,800. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Ithaca is up 12.7%.
Average Age of Homes
- The median age of Ithaca real estate is 64 years old
The Rental Market in Ithaca
- Renters make up 65.9% of the Ithaca population
- 2.7% of houses and apartments in Ithaca, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.