ITHACA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ithaca averaged
5.73%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.75% and
one month ago for the week of 2023-04-20, the
average rate was 5.55%.
Ithaca's average rate one year ago was 4.41%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.77%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Ithaca 30 Year Fixed Rate | 2023-05-25 | 5.73% |
Ithaca 30 Year Fixed Rate Refi | 2023-05-25 | 6.77% |
Ithaca 15 Year Fixed Rate | 2023-05-25 | 5.87% |
Ithaca 15 Year Fixed Rate Refi | 2023-05-25 | 6.27% |
Ithaca 30 Year FHA | 2023-05-25 | 6.61% |
Ithaca 30 Year FHA Refi | 2023-05-25 | 6.61% |
Ithaca 30 Year USDA | 2023-05-25 | 6.43% |
Ithaca 30 Year USDA Refi | 2023-05-25 | 6.43% |
Ithaca 30 Year VA | 2023-05-25 | 6.31% |
Ithaca 30 Year VA Refi | 2023-05-25 | 6.31% |
ITHACA Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ITHACA, NY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
ITHACA Average Closing Costs & Other Stats
ITHACA, NY's 61 lenders originated 1,362
loans during 2022. The total origination value was $361,710,000, with an average loan value of
$265,573.
ITHACA's average closing costs are $3,273.
The top ITHACA lender as defined by loan originations is CFCU Community Credit Union, with
172 loans originated. Their average total fees are
$460, which is $3,057
lower than the next largest lender,
Tompkins Trust Company.
The lowest fee ITHACA lenders (with over 10 loans originated) are
CFCU Community Credit Union ($460), Community Bank ($2,695), Elmira Savings Bank ($2,901), VISIONS ($3,480) and Tompkins Trust Company ($3,516).
The lowest rate ITHACA lenders (with over 10 loans originated) are
Elmira Savings Bank (3.35%), CFCU Community Credit Union (3.97%), VISIONS (4.09%), Tompkins Trust Company (4.33%) and M&T Bank (4.62%).
ITHACA, NY Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
CFCU Community Credit Union | $74,295,000 | $92,310,000 | 24.2% | 25.5% |
Tompkins Trust Company | $118,190,000 | $83,470,000 | -29.4% | 23.1% |
Community Bank | $3,980,000 | $25,690,000 | 545.5% | 7.1% |
Elmira Savings Bank | $54,510,000 | $15,825,000 | -71.0% | 4.4% |
COREVEST AMERICAN FINANCE LENDER LLC | $15,005,000 | n/a | 4.1% | |
M&T Bank | $20,855,000 | $14,310,000 | -31.4% | 4.0% |
1ST PRIORITY MORTGAGE, INC. | $19,650,000 | $12,765,000 | -35.0% | 3.5% |
QUICKEN LOANS, LLC | $24,545,000 | $12,295,000 | -49.9% | 3.4% |
VISIONS | $18,435,000 | $9,975,000 | -45.9% | 2.8% |
NEXTIER BANK, NATIONAL ASSOCIATION | $6,785,000 | n/a | 1.9% | |
KeyBank | $13,850,000 | $5,250,000 | -62.1% | 1.5% |
MOVEMENT MORTGAGE, LLC | $4,915,000 | $3,650,000 | -25.7% | 1.0% |
Tioga State Bank | $6,260,000 | $3,580,000 | -42.8% | 1.0% |
Alternatives Federal Credit Union | $4,135,000 | $2,925,000 | -29.3% | 0.8% |
JPMorgan Chase Bank | $5,510,000 | $2,610,000 | -52.6% | 0.7% |
Chemung Canal Trust Company | $13,700,000 | $2,380,000 | -82.6% | 0.7% |
CORNING | $4,405,000 | $2,105,000 | -52.2% | 0.6% |
Citizens Bank | $3,830,000 | $2,090,000 | -45.4% | 0.6% |
Wells Fargo Bank | $6,725,000 | $1,970,000 | -70.7% | 0.5% |
USAA Federal Savings Bank | $730,000 | $1,870,000 | 156.2% | 0.5% |
UNITED WHOLESALE MORTGAGE, LLC | $360,000 | $1,420,000 | 294.4% | 0.4% |
HOMESTEAD FUNDING CORP. | $800,000 | $1,400,000 | 75.0% | 0.4% |
NBT Bank | $28,230,000 | $1,320,000 | -95.3% | 0.4% |
AMERICU Credit Union | $820,000 | $1,270,000 | 54.9% | 0.4% |
Bank of America | $3,775,000 | $1,220,000 | -67.7% | 0.3% |
Premium Mortgage Corporation | $245,000 | $1,165,000 | 375.5% | 0.3% |
Farm Credit East, ACA | $1,530,000 | $1,075,000 | -29.7% | 0.3% |
NAVY FEDERAL CREDIT UNION | $3,825,000 | $1,060,000 | -72.3% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $2,560,000 | $1,025,000 | -60.0% | 0.3% |
PARAGON HOME LOANS INC. | $5,110,000 | $930,000 | -81.8% | 0.3% |
NEWREZ LLC | $390,000 | $920,000 | 135.9% | 0.3% |
TD Bank | $910,000 | n/a | 0.3% | |
Mortgage Research Center, LLC | $2,145,000 | $845,000 | -60.6% | 0.2% |
Genesee Regional Bank | $365,000 | $790,000 | 116.4% | 0.2% |
LOANDEPOT.COM, LLC | $4,830,000 | $750,000 | -84.5% | 0.2% |
Bethpage Federal Credit Union | $670,000 | n/a | 0.2% | |
North American Savings Bank, F.S.B. | $500,000 | $650,000 | 30.0% | 0.2% |
The Lyons National Bank | $965,000 | $600,000 | -37.8% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $855,000 | $590,000 | -31.0% | 0.2% |
Barrington Bank & Trust Company, N.A. | $720,000 | $575,000 | -20.1% | 0.2% |
Goldman Sachs Bank USA | $575,000 | n/a | 0.2% | |
PREMIA MORTGAGE, LLC | $565,000 | n/a | 0.2% | |
Morgan Stanley Private Bank | $1,715,000 | $515,000 | -70.0% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $515,000 | $500,000 | -2.9% | 0.1% |
FM Home Loans, LLC | $235,000 | $495,000 | 110.6% | 0.1% |
Geddes Federal Savings and Loan Association | $530,000 | $480,000 | -9.4% | 0.1% |
CALIBER HOME LOANS, INC. | $625,000 | $450,000 | -28.0% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $445,000 | n/a | 0.1% | |
Stifel Bank and Trust | $435,000 | n/a | 0.1% | |
CCFCU FUNDING, LLC | $415,000 | n/a | 0.1% | |
The Huntington National Bank | $415,000 | n/a | 0.1% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $145,000 | $395,000 | 172.4% | 0.1% |
First Central Savings Bank | $375,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,615,000 | $375,000 | -76.8% | 0.1% |
Logan Finance Corporation | $375,000 | n/a | 0.1% | |
U.S. Bank | $85,000 | $370,000 | 335.3% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $470,000 | $365,000 | -22.3% | 0.1% |
The Canandaigua National Bank and Trust Company | $365,000 | n/a | 0.1% | |
Univest Bank and Trust Co. | $355,000 | n/a | 0.1% | |
ATHAS CAPITAL GROUP, INC. | $335,000 | n/a | 0.1% | |
First Federal Bank of Kansas City | $335,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $310,000 | $335,000 | 8.1% | 0.1% |
Advisors Mortgage Group, L.L.C. | $325,000 | n/a | 0.1% | |
Citibank | $390,000 | $325,000 | -16.7% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $265,000 | $315,000 | 18.9% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $1,505,000 | $300,000 | -80.1% | 0.1% |
BETTER MORTGAGE CORPORATION | $3,590,000 | $285,000 | -92.1% | 0.1% |
RBC Bank, (Georgia) | $305,000 | $285,000 | -6.6% | 0.1% |
21ST MORTGAGE CORPORATION | $250,000 | $275,000 | 10.0% | 0.1% |
FIRST HERITAGE FEDERAL CREDIT UNION | $400,000 | $270,000 | -32.5% | 0.1% |
Kwik Mortgage Corporation | $265,000 | n/a | 0.1% | |
American Bank of Commerce | $255,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $330,000 | $245,000 | -25.8% | 0.1% |
MID-ISLAND MORTGAGE CORP. | $245,000 | n/a | 0.1% | |
Empower Federal Credit Union | $6,780,000 | $240,000 | -96.5% | 0.1% |
PNC Bank | $790,000 | $235,000 | -70.3% | 0.1% |
EMBRACE HOME LOANS, INC. | $215,000 | n/a | 0.1% | |
Home Loan Investment Bank, F.S.B. | $215,000 | n/a | 0.1% | |
Northpointe Bank | $215,000 | n/a | 0.1% | |
Ally Bank | $205,000 | n/a | 0.1% | |
HARTFORD FUNDING, LTD. | $205,000 | n/a | 0.1% | |
NBKC BANK | $415,000 | $205,000 | -50.6% | 0.1% |
AMERICAN FINANCING CORPORATION | $200,000 | n/a | 0.1% | |
Magnolia Bank | $185,000 | n/a | 0.1% | |
REVERSE MORTGAGE FUNDING LLC | $185,000 | n/a | 0.1% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $145,000 | n/a | 0.0% | |
Citizens & Northern Bank | $690,000 | $145,000 | -79.0% | 0.0% |
FREEDOM MORTGAGE CORPORATION | $240,000 | $145,000 | -39.6% | 0.0% |
CREDIT HUMAN FEDERAL CREDIT UNION | $330,000 | $140,000 | -57.6% | 0.0% |
AMERICAN ADVISORS GROUP | $15,000 | $115,000 | 666.7% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $45,000 | $115,000 | 155.6% | 0.0% |
STATE EMPLOYEES FEDERAL CREDIT UNION | $2,280,000 | $95,000 | -95.8% | 0.0% |
SUNMARK FEDERAL CREDIT UNION | $85,000 | $85,000 | 0.0% | 0.0% |
Discover Bank | $45,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $35,000 | n/a | 0.0% | |
FINGER LAKES | $135,000 | $35,000 | -74.1% | 0.0% |
CAPITAL COMMUNICATIONS Federal Credit Union | $15,000 | n/a | 0.0% | |
GHS Federal Credit Union | $15,000 | n/a | 0.0% |
ITHACA's top lender by overall market share is CFCU Community Credit Union, with 25.5% market share. In second place, with 23.1%, is Tompkins Trust Company, having originated $83,470,000 in loans. In third place, with 7.1%, is Community Bank, having originated $25,690,000 in loans. In fourth place, with 4.4%, is Elmira Savings Bank, having originated $15,825,000 in loans. In fifth place, with 4.1%, is COREVEST AMERICAN FINANCE LENDER LLC, having originated $15,005,000 in loans.
ITHACA Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - ITHACA (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $240,000 (-2.3%) | $329,192 (6.5%) | 0.00 | 181 |
2018-02-01 | $254,725 (-2.2%) | $331,638 (0.8%) | 0.00 | 175 |
2018-03-01 | $268,500 (-3.2%) | $334,450 (-1.7%) | 0.00 | 193 |
2018-04-01 | $264,167 (-5.6%) | $328,622 (-3.9%) | 0.00 | 213 |
2018-05-01 | $284,700 (1.3%) | $335,569 (-4.6%) | 0.00 | 238 |
2018-06-01 | $269,000 (-3.9%) | $329,591 (-8.0%) | 0.00 | 266 |
2018-07-01 | $259,175 (-7.4%) | $314,746 (-10.0%) | 0.00 | 270 |
2018-08-01 | $249,900 (-7.2%) | $308,014 (-10.5%) | 0.00 | 274 |
2018-09-01 | $249,750 (-5.7%) | $313,127 (-7.6%) | 0.00 | 268 |
2018-10-01 | $252,225 (-8.3%) | $308,959 (-9.8%) | 0.00 | 248 |
2018-11-01 | $249,500 (-6.9%) | $322,440 (-4.5%) | 0.00 | 219 |
2018-12-01 | $239,000 (-8.0%) | $332,200 (-1.9%) | 0.00 | 191 |
2019-01-01 | $235,000 (-2.1%) | $329,809 (0.2%) | 0.00 | 170 |
2019-02-01 | $238,950 (-6.2%) | $341,405 (3.0%) | 0.00 | 186 |
2019-03-01 | $275,000 (2.4%) | $381,465 (14.1%) | 0.00 | 210 |
2019-04-01 | $274,625 (4.0%) | $375,546 (14.3%) | 0.00 | 239 |
2019-05-01 | $271,500 (-4.6%) | $375,032 (11.8%) | 0.00 | 254 |
2019-06-01 | $275,000 (2.2%) | $350,098 (6.2%) | 0.00 | 277 |
2019-07-01 | $274,475 (5.9%) | $348,780 (10.8%) | 0.00 | 265 |
2019-08-01 | $275,000 (10.0%) | $351,441 (14.1%) | 0.00 | 257 |
2019-09-01 | $265,225 (6.2%) | $344,014 (9.9%) | 0.00 | 247 |
2019-10-01 | $262,500 (4.1%) | $335,964 (8.7%) | 0.00 | 247 |
2019-11-01 | $249,500 (0.0%) | $316,818 (-1.7%) | 0.00 | 220 |
2019-12-01 | $251,200 (5.1%) | $327,037 (-1.6%) | 0.00 | 177 |
2020-01-01 | $250,875 (6.8%) | $331,889 (0.6%) | 0.00 | 147 |
2020-02-01 | $275,000 (15.1%) | $353,876 (3.7%) | 0.00 | 148 |
2020-03-01 | $277,400 (0.9%) | $356,503 (-6.5%) | 0.00 | 169 |
2020-04-01 | $276,250 (0.6%) | $355,283 (-5.4%) | 0.00 | 159 |
2020-05-01 | $299,450 (10.3%) | $375,708 (0.2%) | 0.00 | 167 |
2020-06-01 | $294,500 (7.1%) | $357,855 (2.2%) | 0.00 | 174 |
2020-07-01 | $287,475 (4.7%) | $346,415 (-0.7%) | 0.00 | 190 |
2020-08-01 | $285,000 (3.6%) | $345,579 (-1.7%) | 0.00 | 169 |
2020-09-01 | $282,450 (6.5%) | $363,948 (5.8%) | 0.00 | 145 |
2020-10-01 | $285,000 (8.6%) | $367,264 (9.3%) | 0.00 | 131 |
2020-11-01 | $270,450 (8.4%) | $389,566 (23.0%) | 0.00 | 127 |
2020-12-01 | $271,000 (7.9%) | $398,293 (21.8%) | 0.00 | 117 |
2021-01-01 | $297,000 (18.4%) | $452,900 (36.5%) | 0.00 | 90 |
2021-02-01 | $301,500 (9.6%) | $441,716 (24.8%) | 0.00 | 81 |
2021-03-01 | $305,500 (10.1%) | $424,078 (19.0%) | 0.00 | 66 |
2021-04-01 | $299,000 (8.2%) | $421,961 (18.8%) | 0.00 | 66 |
2021-05-01 | $300,000 (0.2%) | $437,055 (16.3%) | 0.00 | 81 |
2021-06-01 | $295,000 (0.2%) | $403,562 (12.8%) | 0.00 | 76 |
2021-07-01 | $264,900 (-7.9%) | $369,222 (6.6%) | 0.00 | 86 |
2021-08-01 | $290,000 (1.8%) | $402,538 (16.5%) | 0.00 | 86 |
2021-09-01 | $274,000 (-3.0%) | $394,802 (8.5%) | 0.00 | 73 |
2021-10-01 | $275,000 (-3.5%) | $384,559 (4.7%) | 0.00 | 57 |
2021-11-01 | $288,000 (6.5%) | $387,499 (-0.5%) | 0.00 | 61 |
2021-12-01 | $291,500 (7.6%) | $383,974 (-3.6%) | 0.00 | 41 |
2022-01-01 | $327,000 (10.1%) | $437,976 (-3.3%) | 0.00 | 37 |
2022-02-01 | $355,000 (17.7%) | $429,471 (-2.8%) | 0.00 | 41 |
2022-03-01 | $394,250 (29.1%) | $477,373 (12.6%) | 0.00 | 58 |
2022-04-01 | $375,000 (25.4%) | $468,457 (11.0%) | 0.00 | 64 |
2022-05-01 | $383,725 (27.9%) | $492,394 (12.7%) | 0.00 | 81 |
2022-06-01 | $352,450 (19.5%) | $472,688 (17.1%) | 0.00 | 91 |
2022-07-01 | $345,000 (30.2%) | $440,729 (19.4%) | 0.00 | 108 |
2022-08-01 | $333,725 (15.1%) | $450,200 (11.8%) | 0.00 | 105 |
2022-09-01 | $319,950 (16.8%) | $439,609 (11.4%) | 0.00 | 106 |
2022-10-01 | $317,450 (15.4%) | $453,546 (17.9%) | 0.00 | 95 |
2022-11-01 | $327,450 (13.7%) | $488,629 (26.1%) | 0.00 | 72 |
2022-12-01 | $325,000 (11.5%) | $492,158 (28.2%) | 0.00 | 67 |
2023-01-01 | $368,750 (12.8%) | $523,850 (19.6%) | 0.00 | 42 |
2023-02-01 | $384,000 (8.2%) | $540,074 (25.8%) | 0.00 | 50 |
2023-03-01 | $396,500 (0.6%) | $550,366 (15.3%) | 0.00 | 60 |
2023-04-01 | $449,000 (19.7%) | $604,560 (29.1%) | 0.00 | 69 |
ITHACA's median listing price comes in at 0% of the national average.
ITHACA's average listing price for 2023-04-01 was $604,560, a difference of $136,103 (29.1%) versus the prior year and $54,194 versus the prior month.
For the 2023-04-01 period, ITHACA had 69 MLS listings, a difference of 9 listings (15%) versus the prior month and 5 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - ITHACA (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,986 sqft |
2018-02-01 | 0 days | 1,980 sqft |
2018-03-01 | 0 days | 2,056 sqft |
2018-04-01 | 0 days | 2,010 sqft |
2018-05-01 | 0 days | 2,038 sqft |
2018-06-01 | 0 days | 2,020 sqft |
2018-07-01 | 0 days | 1,975 sqft |
2018-08-01 | 0 days | 1,957 sqft |
2018-09-01 | 0 days | 1,963 sqft |
2018-10-01 | 0 days | 1,986 sqft |
2018-11-01 | 0 days | 1,900 sqft |
2018-12-01 | 0 days | 1,819 sqft |
2019-01-01 | 0 days | 1,796 sqft |
2019-02-01 | 0 days | 1,791 sqft |
2019-03-01 | 0 days | 1,981 sqft |
2019-04-01 | 0 days | 2,039 sqft |
2019-05-01 | 0 days | 1,963 sqft |
2019-06-01 | 0 days | 1,940 sqft |
2019-07-01 | 0 days | 2,016 sqft |
2019-08-01 | 0 days | 2,012 sqft |
2019-09-01 | 0 days | 2,066 sqft |
2019-10-01 | 0 days | 2,134 sqft |
2019-11-01 | 0 days | 2,052 sqft |
2019-12-01 | 0 days | 2,014 sqft |
2020-01-01 | 0 days | 2,055 sqft |
2020-02-01 | 0 days | 2,012 sqft |
2020-03-01 | 0 days | 1,940 sqft |
2020-04-01 | 0 days | 1,894 sqft |
2020-05-01 | 0 days | 1,961 sqft |
2020-06-01 | 0 days | 1,987 sqft |
2020-07-01 | 0 days | 1,974 sqft |
2020-08-01 | 0 days | 2,040 sqft |
2020-09-01 | 0 days | 2,040 sqft |
2020-10-01 | 0 days | 2,072 sqft |
2020-11-01 | 0 days | 2,066 sqft |
2020-12-01 | 0 days | 2,084 sqft |
2021-01-01 | 0 days | 2,214 sqft |
2021-02-01 | 0 days | 2,071 sqft |
2021-03-01 | 0 days | 1,954 sqft |
2021-04-01 | 0 days | 1,784 sqft |
2021-05-01 | 0 days | 1,893 sqft |
2021-06-01 | 0 days | 1,848 sqft |
2021-07-01 | 0 days | 1,797 sqft |
2021-08-01 | 0 days | 1,930 sqft |
2021-09-01 | 0 days | 1,832 sqft |
2021-10-01 | 0 days | 1,816 sqft |
2021-11-01 | 0 days | 1,865 sqft |
2021-12-01 | 0 days | 1,922 sqft |
2022-01-01 | 0 days | 2,106 sqft |
2022-02-01 | 0 days | 2,256 sqft |
2022-03-01 | 0 days | 2,098 sqft |
2022-04-01 | 0 days | 2,054 sqft |
2022-05-01 | 0 days | 2,093 sqft |
2022-06-01 | 0 days | 2,070 sqft |
2022-07-01 | 0 days | 2,088 sqft |
2022-08-01 | 0 days | 2,039 sqft |
2022-09-01 | 0 days | 1,940 sqft |
2022-10-01 | 0 days | 1,883 sqft |
2022-11-01 | 0 days | 2,161 sqft |
2022-12-01 | 0 days | 2,129 sqft |
2023-01-01 | 0 days | 2,390 sqft |
2023-02-01 | 0 days | 2,535 sqft |
2023-03-01 | 0 days | 2,493 sqft |
2023-04-01 | 0 days | 2,624 sqft |
ITHACA's median square footage for active listings during the 2023-04-01 period was 2,624 sqft. One year prior, the average listing was 2,054 sqft.
ITHACA, NY Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
13045 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13053 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13062 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13068 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13073 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13081 | Ithaca, NY | $1,060 | $1,130 | $1,370 | $1,750 | $1,860 |
13092 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13102 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13736 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
13864 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
14817 | Ithaca, NY | $890 | $950 | $1,150 | $1,470 | $1,640 |
14850 | Ithaca, NY | $1,110 | $1,190 | $1,440 | $1,840 | $1,950 |
14851 | Ithaca, NY | $1,060 | $1,130 | $1,370 | $1,750 | $1,860 |
14852 | Ithaca, NY | $1,060 | $1,130 | $1,370 | $1,750 | $1,860 |
14853 | Ithaca, NY | $1,110 | $1,190 | $1,440 | $1,840 | $1,950 |
14854 | Ithaca, NY | $960 | $1,030 | $1,250 | $1,600 | $1,700 |
14867 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
14881 | Ithaca, NY | $960 | $1,030 | $1,250 | $1,600 | $1,700 |
14882 | Ithaca, NY | $1,250 | $1,340 | $1,620 | $2,070 | $2,200 |
14883 | Ithaca, NY | $890 | $950 | $1,150 | $1,460 | $1,640 |
14886 | Ithaca, NY | $960 | $1,030 | $1,250 | $1,600 | $1,700 |
2022 Average & Median Rent Data Statistics
ITHACA, NY average 1BR rent: $1,029, median: $950
ITHACA, NY average 2BR rent: $1,246, median: $1,150
ITHACA, NY average 3BR rent: $1,587, median: $1,460
ITHACA, NY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 756 | $213,820,000 | $282,831 |
Cash Out Refi | 204 | $42,830,000 | $209,951 |
Refi | 169 | $74,745,000 | $442,278 |
Home Improvement | 131 | $18,265,000 | $139,427 |
Other | 102 | $12,050,000 | $118,137 |
Ithaca's most frequently cited loan purpose was Home Purchase, with 756 originations. The 2nd most popular reason was Cash Out Refi, with 204 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 380 | $112,790,000 | $296,816 |
4-5% | 301 | $78,885,000 | $262,076 |
5-6% | 217 | $66,335,000 | $305,691 |
2.5-3% | 166 | $41,650,000 | $250,904 |
<2.5% | 111 | $20,855,000 | $187,883 |
6-7% | 81 | $23,635,000 | $291,790 |
7-8% | 17 | $2,895,000 | $170,294 |
Over 8% | 11 | $1,215,000 | $110,455 |
During 2022, Ithaca's most frequently originated rate bucket was 3-4%, with 380 originations.
Loan Sizing (ITHACA, NY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 560 | $156,870,000 | $280,125 |
$100k-200k | 401 | $59,525,000 | $148,441 |
$100,000 or less | 256 | $13,930,000 | $54,414 |
$400k-600k | 107 | $50,155,000 | $468,738 |
$600k-1000k | 25 | $17,635,000 | $705,400 |
$Over $1MM | 13 | $63,595,000 | $4,891,923 |
ITHACA's loan sizing saw the bucket of loans from $200k-400k with 560 originations, totaling $156,870,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 447 | $128,065,000 | $286,499 |
60-80% | 402 | $126,420,000 | $314,478 |
40-60% | 175 | $39,155,000 | $223,743 |
20-40% | 139 | $15,315,000 | $110,180 |
Under 20% | 115 | $5,345,000 | $46,478 |
Over 100% | 9 | $33,975,000 | $3,775,000 |
ITHACA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 447 originations, totaling $128,065,000 in origination value.