Tompkins County, New York home prices
Typical home $350,432 · +3.5% in a year · property tax 2.24%
The typical home in Tompkins County is worth $350,432, 33% less than the New York typical home ($524,942). Values changed +3.5% in the past year and +32.9% over five years. Homeowners here pay a median 2.24% of their home's value in property tax each year ($7,848 on the typical home), versus 1.42% statewide.
Mortgage on the typical Tompkins County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,086 | $280,345 | $1,886 | $0 | $829 | $2,715 | $116,400 |
| 10% down | $35,043 | $315,388 | $2,122 | $131 | $829 | $3,082 | $132,100 |
| 5% down | $17,522 | $332,910 | $2,240 | $139 | $829 | $3,207 | $137,500 |
| 3.5% down (FHA) | $12,265 | $344,084 | $2,315 | $155 | $829 | $3,299 | $141,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.24% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New York · part of the Ithaca metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Greene County | $368,122 | +3.7% | 1.49% |
| Albany County | $372,401 | +4.1% | 1.77% |
| Rensselaer County | $327,950 | +5.8% | 2.05% |
| Yates County | $325,604 | +5.1% | 1.88% |
| Sullivan County | $323,717 | +4.8% | 2% |
| Ontario County | $323,653 | +5.8% | 2.05% |
| Warren County | $380,651 | +5.7% | 1.47% |
| Schenectady County | $312,933 | +5.2% | 2.36% |
| Erie County | $295,625 | +3.4% | 1.98% |
| Essex County | $292,915 | +6.8% | 1.47% |
Frequently asked questions
What is the average home price in Tompkins County, NY?
The typical home value in Tompkins County is $350,432 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Tompkins County?
About $116,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Tompkins County?
The median effective rate is 2.24% of home value a year (Census ACS 2024 5-year estimates).