A typical Northwest Ithaca home is worth roughly $388,000
Home prices around Northwest Ithaca have risen about 56% over the past 5 years.
What stands out about housing in Northwest Ithaca
Home prices up 56% in 5 years
The federal house price index for the ZIP code around Northwest Ithaca rose 56% over the past 5 years, faster than across New York (52%). Last year prices rose 5.9%. Carrying the Census median home value forward with that index puts the typical Northwest Ithaca home at roughly $388,000 today.
Carrying the Census median forward with the index puts a typical home at about $388K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Northwest Ithaca, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 6.8 years of income
More than across New York (6.1 years). Try your own numbers below.
That’s $184K short of a typical Northwest Ithaca home.
A two-bedroom rents for about $1,890 a month here, $640 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Northwest Ithaca’s typical property tax (1.52% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,890
Renters already here pay a median of $1,185, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Ithaca, NY MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
50% of Northwest Ithaca households own their home
Half of Northwest Ithaca’s homes were built before 1991.
New York: 54% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Northwest Ithaca vs. its neighbors
The towns that share a border with Northwest Ithaca. Tap one to see its housing page.
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| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Northwest Ithaca | $388K* | +5.9%† | $1,890 | — | $56,753 |
| Ithaca | $343K* | +5.9%† | $1,890 | 207 | $48,784 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Northwest Ithaca buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.