Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ithaca, New York.
Pre-filled with Ithaca median home price and New York tax/insurance rates. Adjust for your property.
Estimated closing costs based on New York rates and fees applied to Ithaca prices.
The median home price in Ithaca is $325,000, 24% below the New York state median of $430,000. With a population of 32,108, Ithaca is a smaller market where home prices tend to be more accessible than in many parts of New York.
Property taxes in New York average 1.72% annually. This higher-than-average tax rate means a $325,000 home in Ithaca would carry roughly $466/month in property taxes alone — plan accordingly. Homeowners insurance in New York runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Ithaca is $1,480/month. The price-to-rent ratio in Ithaca is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Ithaca presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.