ITHACA Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Ithaca averaged 6.79% for the week of 2022-11-23, compared to the national average of 6.58% for the same period.

The average rate for the prior week (2022-11-17) was 6.62% and one month ago for the week of 2022-10-20, the average rate was 7.25%.

Ithaca's average rate one year ago was 3.44%.

For refis of the same type during the week of 2022-11-23, the average rate was 6.6%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-11-23 6.58%
Ithaca 30 Year Fixed Rate 2022-11-23 6.79%
Ithaca 30 Year Fixed Rate Refi 2022-11-23 6.6%
Ithaca 15 Year Fixed Rate 2022-11-23 6.55%
Ithaca 15 Year Fixed Rate Refi 2022-11-23 6.47%
Ithaca 30 Year FHA 2022-11-23 0.36%
Ithaca 30 Year FHA Refi 2022-11-23 0.13%
Ithaca 30 Year USDA 2022-11-23 -0.25%
Ithaca 30 Year USDA Refi 2022-11-23 3.37%
Ithaca 30 Year VA 2022-11-23 0.39%
Ithaca 30 Year VA Refi 2022-11-23 -0.14%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ITHACA, NY.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Tompkins Trust Company 220 3.05% $3,298
CFCU Community Credit Union 162 2.99% $1,881
Elmira Savings Bank 111 3.04% $3,275
1ST PRIORITY MORTGAGE, INC. 61 2.98% $3,838
QUICKEN LOANS, LLC 52 3.22% $5,615
VISIONS 33 3.01% $3,346
M&T Bank 33 3.16% $4,070
PARAGON HOME LOANS INC. 16 3.05% $3,451
MOVEMENT MORTGAGE, LLC 15 3.36% $5,607
JPMorgan Chase Bank 15 2.94% $3,253
Wells Fargo Bank 14 3.21% $4,115
Chemung Canal Trust Company 11 3.10% $2,762
LOANDEPOT.COM, LLC 10 2.87% $5,375
BETTER MORTGAGE CORPORATION 8 3.03% $4,737
KeyBank 8 3.21% $2,668
Community Bank 8 3.53% $2,639
Citizens Bank 6 3.13% $4,430
Bank of America 6 2.88% $4,550
NAVY FEDERAL CREDIT UNION 5 3.50% $4,964
CROSSCOUNTRY MORTGAGE, LLC 4 3.66% $8,146
CORNING 4 2.88% $5,496
Morgan Stanley Private Bank 3 2.88% $6,567
Farm Credit East, ACA 3 3.28% $7,972
FIRST HERITAGE FEDERAL CREDIT UNION 3 2.96% $2,477
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.33% $6,110
HOMESTEAD FUNDING CORP. 3 3.46% $2,264
AMERICU Credit Union 3 3.42% $3,540
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.75% $4,592
SEFCU SERVICES, LLC 2 3.13% $2,923
Flagstar Bank, FSB 2 3.44% $8,177
PLAZA HOME MORTGAGE, INC. 2 3.00% $5,187
GUARANTEED RATE, INC. 2 3.19% $4,015
Citibank 2 3.13% $3,607
The Lyons National Bank 1 2.88% $5,793
AMERICAN INTERNET MORTGAGE, INC. 1 3.00% $3,838
Bank-Fund Staff Federal Credit Union 1 3.00% $3,798
CIBC Bank USA 1 2.88% $4,734
City National Bank 1 2.87% $6,169
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.00% $3,613
DRAPER AND KRAMER MORTGAGE CORP. 1 3.13% $4,032
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $6,313
First Citizens Community Bank 1 3.00% $3,227
First Savings Bank 1 3.00% $8,190
FM Home Loans, LLC 1 3.63% $4,460
GREENWAY MORTGAGE FUNDING CORP. 1 3.00% $2,890
GUIDANCE RESIDENTIAL, LLC 1 3.13% $5,459
HOME TOWN FUNDING, INC. 1 2.50% $2,805
Mr. Cooper ( Nationstar Mortgage ) 1 3.00% $5,275
Nassau Educators Federal Credit Union 1 2.88% $3,823
NBT Bank 1 3.13% $2,541
North American Savings Bank, F.S.B. 1 2.63% $6,150
Northwest Bank 1 5.50% $4,768
PNC Bank 1 3.00% $4,400
Premium Mortgage Corporation 1 3.25% $3,522
Quontic Bank 1 3.25% $6,860
RBC Bank, (Georgia) 1 3.38% $2,934
RELIANCE FIRST CAPITAL, LLC 1 2.99% $5,058
SIRVA MORTGAGE, INC. 1 2.75% $0
SUNMARK FEDERAL CREDIT UNION 1 2.88% $2,812
SUN WEST MORTGAGE COMPANY, INC. 1 3.50% $4,372
TEACHERS 1 2.63% $2,981
Truist 1 3.49% $3,155
UBS Bank USA 1 2.88% $5,910
UNITED WHOLESALE MORTGAGE, LLC 1 2.87% $7,112
U.S. Bank 1 2.63% $3,238
Valley National Bank 1 3.75% $3,399

ITHACA Average Closing Costs & Other Stats

ITHACA, NY's 66 lenders originated 1,944 loans during 2021. The total origination value was $608,080,000, with an average loan value of $312,798.

ITHACA's average closing costs are $3,169.

The top ITHACA lender as defined by loan originations is Tompkins Trust Company, with 220 loans originated. Their average total fees are $3,298, which is $1,417 higher than the next largest lender, CFCU Community Credit Union.

The lowest fee ITHACA lenders (with over 10 loans originated) are CFCU Community Credit Union ($1,881), Chemung Canal Trust Company ($2,762), JPMorgan Chase Bank ($3,253), Elmira Savings Bank ($3,275) and Tompkins Trust Company ($3,298).

The lowest rate ITHACA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (2.87%), JPMorgan Chase Bank (2.94%), 1ST PRIORITY MORTGAGE, INC. (2.98%), CFCU Community Credit Union (2.99%) and VISIONS (3.01%).

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Tompkins Trust Company $154,545,000 $118,190,000 -23.5% 19.4%
CFCU Community Credit Union $94,890,000 $74,295,000 -21.7% 12.2%
WALKER & DUNLOP, LLC $68,005,000 n/a 11.2%
Elmira Savings Bank $55,175,000 $54,510,000 -1.2% 9.0%
M&T Realty Capital Corporation $47,105,000 n/a 7.7%
NBT Bank $485,000 $28,230,000 5,720.6% 4.6%
QUICKEN LOANS, LLC $17,920,000 $24,545,000 37.0% 4.0%
Manufacturers and Traders Trust Company $20,190,000 $20,855,000 3.3% 3.4%
1ST PRIORITY MORTGAGE, INC. $13,185,000 $19,650,000 49.0% 3.2%
VISIONS $4,915,000 $18,435,000 275.1% 3.0%
KeyBank $6,280,000 $13,850,000 120.5% 2.3%
Chemung Canal Trust Company $13,700,000 n/a 2.3%
Empower Federal Credit Union $285,000 $6,780,000 2,278.9% 1.1%
Wells Fargo Bank $3,310,000 $6,725,000 103.2% 1.1%
Tioga State Bank $6,315,000 $6,260,000 -0.9% 1.0%
JPMorgan Chase Bank $2,900,000 $5,510,000 90.0% 0.9%
PARAGON HOME LOANS INC. $3,850,000 $5,110,000 32.7% 0.8%
MOVEMENT MORTGAGE, LLC $3,650,000 $4,915,000 34.7% 0.8%
LOANDEPOT.COM, LLC $1,710,000 $4,830,000 182.5% 0.8%
CORNING $5,255,000 $4,405,000 -16.2% 0.7%
Alternatives Federal Credit Union $5,305,000 $4,135,000 -22.1% 0.7%
Community Bank $5,610,000 $3,980,000 -29.1% 0.7%
Citizens Bank $1,980,000 $3,830,000 93.4% 0.6%
NAVY FEDERAL CREDIT UNION $1,555,000 $3,825,000 146.0% 0.6%
Bank of America $2,530,000 $3,775,000 49.2% 0.6%
BETTER MORTGAGE CORPORATION $785,000 $3,590,000 357.3% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $815,000 $2,560,000 214.1% 0.4%
STATE EMPLOYEES FEDERAL CREDIT UNION $140,000 $2,280,000 1,528.6% 0.4%
Mortgage Research Center, LLC $185,000 $2,145,000 1,059.5% 0.4%
Morgan Stanley Private Bank $605,000 $1,715,000 183.5% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $925,000 $1,615,000 74.6% 0.3%
Farm Credit East, ACA $660,000 $1,530,000 131.8% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,505,000 n/a 0.2%
The Lyons National Bank $1,190,000 $965,000 -18.9% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $855,000 n/a 0.1%
AMERICU Credit Union $395,000 $820,000 107.6% 0.1%
HOMESTEAD FUNDING CORP. $940,000 $800,000 -14.9% 0.1%
PNC Bank $105,000 $790,000 652.4% 0.1%
USAA Federal Savings Bank $2,395,000 $730,000 -69.5% 0.1%
Barrington Bank & Trust Company, N.A. $105,000 $720,000 585.7% 0.1%
Citizens & Northern Bank $885,000 $690,000 -22.0% 0.1%
CALIBER HOME LOANS, INC. $265,000 $625,000 135.8% 0.1%
TIAA, FSB $205,000 $590,000 187.8% 0.1%
City National Bank $585,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $795,000 $550,000 -30.8% 0.1%
Flagstar Bank, FSB $540,000 n/a 0.1%
Geddes Federal Savings and Loan Association $115,000 $530,000 360.9% 0.1%
PLAZA HOME MORTGAGE, INC. $440,000 $515,000 17.0% 0.1%
North American Savings Bank, F.S.B. $510,000 $500,000 -2.0% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $185,000 $470,000 154.1% 0.1%
SIRVA MORTGAGE, INC. $455,000 n/a 0.1%
SEFCU SERVICES, LLC $265,000 $440,000 66.0% 0.1%
NBKC BANK $415,000 n/a 0.1%
FIRST HERITAGE FEDERAL CREDIT UNION $120,000 $400,000 233.3% 0.1%
Citibank $1,595,000 $390,000 -75.5% 0.1%
NEWREZ LLC $390,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $130,000 $375,000 188.5% 0.1%
Seneca Savings $375,000 n/a 0.1%
COMMONFUND MORTGAGE CORP. $370,000 n/a 0.1%
Genesee Regional Bank $365,000 n/a 0.1%
UNITED WHOLESALE MORTGAGE, LLC $1,445,000 $360,000 -75.1% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $195,000 $330,000 69.2% 0.1%
GUARANTEED RATE, INC. $665,000 $330,000 -50.4% 0.1%
Carrington Mortgage Services, LLC $320,000 $320,000 0.0% 0.1%
UTILITIES EMPLOYEES CREDIT UNION $320,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,190,000 $310,000 -73.9% 0.1%
RBC Bank, (Georgia) $335,000 $305,000 -9.0% 0.1%
Visio Financial Services Inc. $285,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $265,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $265,000 n/a 0.0%
PHH Mortgage Corporation $255,000 n/a 0.0%
21ST MORTGAGE CORPORATION $150,000 $250,000 66.7% 0.0%
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION $245,000 n/a 0.0%
Premium Mortgage Corporation $500,000 $245,000 -51.0% 0.0%
FREEDOM MORTGAGE CORPORATION $345,000 $240,000 -30.4% 0.0%
Baxter Credit Union $235,000 n/a 0.0%
CIBC Bank USA $235,000 n/a 0.0%
FM Home Loans, LLC $235,000 n/a 0.0%
SERVU FEDERAL CREDIT UNION $85,000 $235,000 176.5% 0.0%
Valley National Bank $235,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $225,000 n/a 0.0%
First Federal Bank $225,000 n/a 0.0%
UBS Bank USA $225,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $225,000 n/a 0.0%
Truist Bank $215,000 n/a 0.0%
Quontic Bank $550,000 $205,000 -62.7% 0.0%
Tyndall Federal Credit Union $205,000 n/a 0.0%
First Savings Bank $195,000 n/a 0.0%
First Citizens Community Bank $185,000 n/a 0.0%
GREENWAY MORTGAGE FUNDING CORP. $185,000 n/a 0.0%
Cathay Bank $175,000 n/a 0.0%
HOME POINT FINANCIAL CORPORATION $175,000 n/a 0.0%
Bank-Fund Staff Federal Credit Union $165,000 n/a 0.0%
Nassau Educators Federal Credit Union $165,000 n/a 0.0%
TEACHERS $165,000 n/a 0.0%
Ulster Savings Bank $165,000 n/a 0.0%
GUIDANCE RESIDENTIAL, LLC $155,000 n/a 0.0%
Northwest Bank $5,445,000 $155,000 -97.2% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $145,000 n/a 0.0%
HOME TOWN FUNDING, INC. $540,000 $145,000 -73.1% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $240,000 $145,000 -39.6% 0.0%
Wayne Bank $145,000 n/a 0.0%
FINGER LAKES $135,000 n/a 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $105,000 $125,000 19.0% 0.0%
THE SUMMIT Federal Credit Union $155,000 $100,000 -35.5% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $345,000 $95,000 -72.5% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $145,000 $95,000 -34.5% 0.0%
SUNMARK FEDERAL CREDIT UNION $85,000 n/a 0.0%
U.S. Bank $650,000 $85,000 -86.9% 0.0%
AFFINITY $105,000 $75,000 -28.6% 0.0%
HUDSON VALLEY CREDIT UNION $95,000 $55,000 -42.1% 0.0%
Third Federal Savings and Loan Association of Cleveland $275,000 $45,000 -83.6% 0.0%
Centier Bank $25,000 n/a 0.0%
AMERICAN ADVISORS GROUP $25,000 $15,000 -40.0% 0.0%
COUNTRYSIDE Federal Credit Union $15,000 n/a 0.0%

ITHACA's top lender by overall market share is Tompkins Trust Company, with 19.4% market share. In second place, with 12.2%, is CFCU Community Credit Union, having originated $74,295,000 in loans. In third place, with 11.2%, is WALKER & DUNLOP, LLC, having originated $68,005,000 in loans. In fourth place, with 9.0%, is Elmira Savings Bank, having originated $54,510,000 in loans. In fifth place, with 7.7%, is M&T Realty Capital Corporation, having originated $47,105,000 in loans.


ITHACA Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ITHACA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date 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 $261,286 (-2.7%) $366,938 (9.7%) 0.00 216
2019-04-01 $272,911 (3.3%) $373,022 (13.5%) 0.00 239
2019-05-01 $271,500 (-4.6%) $375,032 (11.8%) 0.00 255
2019-06-01 $275,000 (2.2%) $350,116 (6.2%) 0.00 278
2019-07-01 $274,950 (6.1%) $348,706 (10.8%) 0.00 266
2019-08-01 $275,182 (10.1%) $347,728 (12.9%) 0.00 262
2019-09-01 $269,455 (7.9%) $342,977 (9.5%) 0.00 257
2019-10-01 $263,500 (4.5%) $336,070 (8.8%) 0.00 249
2019-11-01 $249,900 (0.2%) $317,317 (-1.6%) 0.00 222
2019-12-01 $254,750 (6.6%) $327,500 (-1.4%) 0.00 179
2020-01-01 $254,700 (8.4%) $332,398 (0.8%) 0.00 149
2020-02-01 $276,000 (15.5%) $354,079 (3.7%) 0.00 150
2020-03-01 $279,400 (6.9%) $356,648 (-2.8%) 0.00 171
2020-04-01 $279,950 (2.6%) $355,452 (-4.7%) 0.00 161
2020-05-01 $299,450 (10.3%) $375,633 (0.2%) 0.00 169
2020-06-01 $294,950 (7.3%) $357,974 (2.2%) 0.00 176
2020-07-01 $290,750 (5.8%) $346,643 (-0.6%) 0.00 192
2020-08-01 $288,000 (4.7%) $345,829 (-0.6%) 0.00 171
2020-09-01 $286,225 (6.2%) $364,011 (6.1%) 0.00 147
2020-10-01 $288,000 (9.3%) $367,289 (9.3%) 0.00 133
2020-11-01 $271,725 (8.7%) $389,279 (22.7%) 0.00 129
2020-12-01 $273,750 (7.5%) $397,837 (21.5%) 0.00 119
2021-01-01 $299,000 (17.4%) $451,239 (35.8%) 0.00 92
2021-02-01 $301,500 (9.2%) $440,217 (24.3%) 0.00 83
2021-03-01 $305,500 (9.3%) $422,824 (18.6%) 0.00 68
2021-04-01 $299,000 (6.8%) $420,796 (18.4%) 0.00 68
2021-05-01 $300,000 (0.2%) $435,694 (16.0%) 0.00 83
2021-06-01 $296,500 (0.5%) $402,879 (12.5%) 0.00 78
2021-07-01 $269,000 (-7.5%) $369,217 (6.5%) 0.00 88
2021-08-01 $295,000 (2.4%) $401,880 (16.2%) 0.00 88
2021-09-01 $277,000 (-3.2%) $394,136 (8.3%) 0.00 75
2021-10-01 $282,000 (-2.1%) $384,101 (4.6%) 0.00 59
2021-11-01 $295,250 (8.7%) $386,959 (-0.6%) 0.00 63
2021-12-01 $293,250 (7.1%) $383,325 (-3.7%) 0.00 43
2022-01-01 $327,000 (9.4%) $434,910 (-3.6%) 0.00 39
2022-02-01 $355,000 (17.7%) $427,106 (-3.0%) 0.00 43
2022-03-01 $394,250 (29.1%) $474,068 (12.1%) 0.00 60
2022-04-01 $375,000 (25.4%) $465,741 (10.7%) 0.00 66
2022-05-01 $383,725 (27.9%) $489,329 (12.3%) 0.00 83
2022-06-01 $352,450 (18.9%) $470,654 (16.8%) 0.00 93
2022-07-01 $345,000 (28.3%) $439,563 (19.1%) 0.00 110
2022-08-01 $333,725 (13.1%) $448,805 (11.7%) 0.00 107
2022-09-01 $319,950 (15.5%) $438,467 (11.3%) 0.00 108
2022-10-01 $317,450 (12.6%) $451,820 (17.6%) 0.00 97
ITHACA's median listing price for 2022-10-01 was $317,450, a difference of $35,450 (12.6%) versus the prior year and $-2,500 versus the prior month.

ITHACA's median listing price comes in at 0% of the national average.

ITHACA's average listing price for 2022-10-01 was $451,820, a difference of $67,719 (17.6%) versus the prior year and $13,353 versus the prior month.

For the 2022-10-01 period, ITHACA had 97 MLS listings, a difference of -11 listings (-10%) versus the prior month and 38 listings (64%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ITHACA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,990 sqft
2018-02-01 0 days 1,976 sqft
2018-03-01 0 days 2,063 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 1,974 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 1,899 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 1,957 sqft
2019-04-01 0 days 2,028 sqft
2019-05-01 0 days 1,963 sqft
2019-06-01 0 days 1,940 sqft
2019-07-01 0 days 2,019 sqft
2019-08-01 0 days 2,076 sqft
2019-09-01 0 days 2,115 sqft
2019-10-01 0 days 2,136 sqft
2019-11-01 0 days 2,060 sqft
2019-12-01 0 days 2,024 sqft
2020-01-01 0 days 2,072 sqft
2020-02-01 0 days 2,027 sqft
2020-03-01 0 days 1,966 sqft
2020-04-01 0 days 1,920 sqft
2020-05-01 0 days 1,979 sqft
2020-06-01 0 days 1,996 sqft
2020-07-01 0 days 1,990 sqft
2020-08-01 0 days 2,046 sqft
2020-09-01 0 days 2,050 sqft
2020-10-01 0 days 2,086 sqft
2020-11-01 0 days 2,079 sqft
2020-12-01 0 days 2,088 sqft
2021-01-01 0 days 2,240 sqft
2021-02-01 0 days 2,088 sqft
2021-03-01 0 days 1,985 sqft
2021-04-01 0 days 1,802 sqft
2021-05-01 0 days 1,951 sqft
2021-06-01 0 days 1,893 sqft
2021-07-01 0 days 1,808 sqft
2021-08-01 0 days 1,972 sqft
2021-09-01 0 days 1,852 sqft
2021-10-01 0 days 1,835 sqft
2021-11-01 0 days 1,887 sqft
2021-12-01 0 days 2,002 sqft
2022-01-01 0 days 2,158 sqft
2022-02-01 0 days 2,306 sqft
2022-03-01 0 days 2,143 sqft
2022-04-01 0 days 2,068 sqft
2022-05-01 0 days 2,118 sqft
2022-06-01 0 days 2,113 sqft
2022-07-01 0 days 2,100 sqft
2022-08-01 0 days 2,054 sqft
2022-09-01 0 days 1,964 sqft
2022-10-01 0 days 1,904 sqft
ITHACA's median listing age (time on market) for 2022-10-01 was 0 days.

ITHACA's median square footage for active listings during the 2022-10-01 period was 1,904 sqft. One year prior, the average listing was 1,835 sqft.

ITHACA, NY Average Rent (2022)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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 873 $275,465,000 $315,538
Refi 473 $214,615,000 $453,732
Cash Out Refi 361 $85,545,000 $236,967
Other 137 $21,505,000 $156,971
Home Improvement 100 $10,950,000 $109,500

Ithaca's most frequently cited loan purpose was Home Purchase, with 873 originations. The 2nd most popular reason was Refi, with 473 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 901 $206,655,000 $229,362
3-4% 555 $247,545,000 $446,027
<2.5% 319 $64,955,000 $203,621
4-5% 62 $14,760,000 $238,065
5-6% 19 $14,485,000 $762,368
6-7% 8 $600,000 $75,000
7-8% 3 $255,000 $85,000
Over 8% 2 $140,000 $70,000

During 2021, Ithaca's most frequently originated rate bucket was 2.5-3%, with 901 originations.

Loan Sizing (ITHACA, NY MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 795 $216,835,000 $272,748
$100k-200k 704 $106,190,000 $150,838
$100,000 or less 274 $16,240,000 $59,270
$400k-600k 120 $57,650,000 $480,417
$600k-1000k 27 $19,965,000 $739,444
$Over $1MM 24 $191,200,000 $7,966,667

ITHACA's loan sizing saw the bucket of loans from $200k-400k with 795 originations, totaling $216,835,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 755 $293,695,000 $389,000
80-100% 575 $161,155,000 $280,270
40-60% 305 $65,735,000 $215,525
20-40% 153 $19,255,000 $125,850
Under 20% 73 $4,805,000 $65,822
Over 100% 8 $4,080,000 $510,000

ITHACA's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 755 originations, totaling $293,695,000 in origination value.