Ithaca, NY home prices
Typical home $350,378 · +3.5% in a year · income needed $116,300
The Ithaca, NY metro area ranks 223 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.5% in a year and +32.9% over five years. With 20% down at 7.11%, the typical home costs about $2,715 a month including 2.24% property tax (Tompkins County rate).
Mortgage on the typical Ithaca home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,076 | $280,302 | $1,886 | $0 | $829 | $2,715 | $116,300 |
| 10% down | $35,038 | $315,340 | $2,121 | $131 | $829 | $3,082 | $132,100 |
| 5% down | $17,519 | $332,859 | $2,239 | $139 | $829 | $3,207 | $137,400 |
| 3.5% down (FHA) | $12,263 | $344,032 | $2,314 | $155 | $829 | $3,298 | $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.
Counties in the Ithaca area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Tompkins County, NY | $350,432 | +3.5% | 2.24% |
What can you afford in New York on your salary? · New York home prices · Salaries in New York
Frequently asked questions
How much is a house in Ithaca?
The typical home in the Ithaca, NY metro area is worth $350,378 (Zillow, September 2026).
What salary do you need to buy a house in Ithaca?
About $116,300 a year for the typical home with 20% down at 7.11%.