ITHACA Mortgage Rates & Closing Costs

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  • Loan Attributes
    • 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.