The housing market in the Ithaca, NY Metro Area is thriving. The median value for homes in this area is $299,500 which is significantly lower than the US median value of $338,100. This makes it an attractive option for first-time home buyers and those looking to downsize. Furthermore, the housing market in Ithaca has experienced 1 year appreciation of 14.03%, which is higher than the US average of 8.27%. This indicates that Ithaca's housing market has held strong despite economic downturns and could be a good investment for homeowners looking to build equity.
The median home cost in Ithaca Metro Area is $299,500. Home appreciation the last 10 years has been 54.0%. Home Appreciation in Ithaca Metro Area is up 12.7%.
Average Age of Homes
- The median age of Ithaca Metro Area real estate is 45 years old
The Rental Market in Ithaca Metro Area
- Renters make up 40.3% of the Ithaca Metro Area population
- 1.3% of houses and apartments in Ithaca Metro Area, 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.