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 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%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CFCU Community Credit Union 172 3.97% $460
Tompkins Trust Company 162 4.33% $3,516
Community Bank 55 5.02% $2,695
Elmira Savings Bank 32 3.35% $2,901
1ST PRIORITY MORTGAGE, INC. 32 5.08% $5,151
QUICKEN LOANS, LLC 28 4.83% $6,463
VISIONS 22 4.09% $3,480
M&T Bank 18 4.62% $5,146
Alternatives Federal Credit Union 9 4.36% $2,616
KeyBank 8 4.48% $4,369
MOVEMENT MORTGAGE, LLC 8 5.08% $6,392
JPMorgan Chase Bank 8 3.98% $4,786
Wells Fargo Bank 7 5.11% $3,645
UNITED WHOLESALE MORTGAGE, LLC 6 5.14% $9,639
AMERICU Credit Union 4 5.03% $5,197
PARAGON HOME LOANS INC. 4 4.31% $5,198
CORNING 4 5.09% $5,557
Premium Mortgage Corporation 3 4.17% $3,106
Chemung Canal Trust Company 3 3.58% $3,878
USAA Federal Savings Bank 3 5.25% $4,384
The Lyons National Bank 2 5.06% $7,068
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.13% $8,749
CALIBER HOME LOANS, INC. 2 5.38% $9,060
Genesee Regional Bank 2 4.31% $5,082
NAVY FEDERAL CREDIT UNION 2 6.13% $2,777
CROSSCOUNTRY MORTGAGE, LLC 2 4.31% $5,213
HOMESTEAD FUNDING CORP. 2 4.06% $5,784
Farm Credit East, ACA 2 4.65% $7,126
Kwik Mortgage Corporation 1 5.63% $2,718
LOANDEPOT.COM, LLC 1 5.50% $3,765
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.50% $7,618
Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $15,097
Citizens Bank 1 3.25% $2,180
NBKC BANK 1 3.75% $2,074
NBT Bank 1 3.88% $2,852
NEWREZ LLC 1 3.25% $5,831
North American Savings Bank, F.S.B. 1 3.00% $2,209
Citibank 1 5.50% $7,381
PENTAGON FEDERAL CREDIT UNION 1 4.88% $8,932
PLAZA HOME MORTGAGE, INC. 1 2.75% $5,940
PNC Bank 1 5.88% $4,540
PREMIA MORTGAGE, LLC 1 4.99% $1,000
CCFCU FUNDING, LLC 1 2.75% $4,262
RBC Bank, (Georgia) 1 5.25% $2,490
Stifel Bank and Trust 1 5.00% $5,718
TD Bank 1 3.88% $7,874
The Huntington National Bank 1 5.13% $5,601
BETTER MORTGAGE CORPORATION 1 4.38% $14,437
Bank of America 1 2.00% $2,707
Univest Bank and Trust Co. 1 3.63% $3,822
Ally Bank 1 4.75% $6,195
U.S. Bank 1 4.88% $4,299
AMERICAN FINANCING CORPORATION 1 5.13% $6,117
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.99% $5,375
First Federal Bank of Kansas City 1 7.63% $6,856
FIRST HERITAGE FEDERAL CREDIT UNION 1 3.75% $3,742
FM Home Loans, LLC 1 6.88% $11,307
Geddes Federal Savings and Loan Association 1 5.00% $5,838
Goldman Sachs Bank USA 1 3.00% $5,218
Home Loan Investment Bank, F.S.B. 1 5.88% $5,150
Empower Federal Credit Union 1 5.00% $3,667

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. 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 $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 for 2023-04-01 was $449,000, a difference of $74,000 (19.7%) versus the prior year and $52,500 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-04-01 was 0 days.

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.

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 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.