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 5.9% for the week of 2024-10-31, compared to the national average of 6.72% for the same period.

The average rate for the prior week (2024-10-24) was 5.72% and one month ago for the week of 2024-09-26, the average rate was 5.66%.

Ithaca's average rate one year ago was 7.17%.

For refis of the same type during the week of 2024-10-31, the average rate was 6.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-31 6.72%
Ithaca 30 Year Fixed Rate 2024-10-31 5.9%
Ithaca 30 Year Fixed Rate Refi 2024-10-31 6.62%
Ithaca 15 Year Fixed Rate 2024-10-31 6.09%
Ithaca 15 Year Fixed Rate Refi 2024-10-31 5.99%
Ithaca 30 Year FHA 2024-10-31 6.39%
Ithaca 30 Year FHA Refi 2024-10-31 6.59%
Ithaca 30 Year USDA 2024-10-31 6.67%
Ithaca 30 Year USDA Refi 2024-10-31 6.27%
Ithaca 30 Year VA 2024-10-31 6.21%
Ithaca 30 Year VA Refi 2024-10-31 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CFCU Community Credit Union 135 5.72% $463
Tompkins Trust Company 98 6.06% $3,584
Community Bank 65 6.61% $2,726
1ST PRIORITY MORTGAGE, INC. 30 6.47% $4,990
QUICKEN LOANS, LLC 18 7.14% $8,034
M&T Bank 16 6.70% $4,585
Alternatives Federal Credit Union 13 6.38% $3,810
PARAGON HOME LOANS INC. 10 6.43% $5,883
Wells Fargo Bank 7 6.80% $4,614
Premium Mortgage Corporation 5 6.43% $4,441
Chemung Canal Trust Company 5 6.30% $3,653
CROSSCOUNTRY MORTGAGE, LLC 5 6.70% $6,240
JPMorgan Chase Bank 5 6.70% $6,306
MOVEMENT MORTGAGE, LLC 4 7.19% $7,172
Bank of America 4 6.22% $3,972
UNITED WHOLESALE MORTGAGE, LLC 4 5.97% $10,507
VISIONS 3 6.75% $3,924
KeyBank 3 6.25% $5,336
SEFCU SERVICES, LLC 3 5.17% $3,871
ROYAL UNITED MORTGAGE LLC 2 7.63% $9,767
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.68% $7,439
TD Bank 2 6.13% $4,726
Farm Credit East, ACA 2 7.28% $4,075
Royal Business Bank 1 7.25% $6,550
TOTAL MORTGAGE SERVICES, LLC 1 7.63% $8,222
NBT Bank 1 5.88% $3,189
21ST MORTGAGE CORPORATION 1 8.43% $5,754
AMERICAN FINANCING CORPORATION 1 6.25% $7,586
BETTER MORTGAGE CORPORATION 1 5.88% $4,790
Cache Valley Bank 1 7.13% $6,862
Citizens Bank 1 6.38% $3,565
Deere Employees Credit Union 1 5.63% $4,731
Empower Federal Credit Union 1 6.38% $2,968
First Republic Bank 1 4.70% $13,173
Five Star Bank 1 6.38% $2,834
Genesee Regional Bank 1 6.13% $3,352
GUARANTEED RATE, INC. 1 6.00% $12,126
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 8.99% $23,012
INTERSTATE HOME LOAN CENTER, INC. 1 8.00% $11,923
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION 1 4.75% $4,631
Morgan Stanley Private Bank 1 5.55% $5,133
NAVY FEDERAL CREDIT UNION 1 7.38% $3,467
NBKC BANK 1 6.50% $4,606
PENNYMAC LOAN SERVICES, LLC 1 6.00% $22,593
PENTAGON FEDERAL CREDIT UNION 1 5.88% $9,183
Plains Commerce Bank 1 6.63% $11,567
PNC Bank 1 6.50% $5,348
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $4,335

ITHACA Average Closing Costs & Other Stats

ITHACA, NY's 48 lenders originated 1,091 loans during 2023. The total origination value was $667,755,000, with an average loan value of $612,058.

ITHACA's average closing costs are $3,367.

The top ITHACA lender as defined by loan originations is CFCU Community Credit Union, with 135 loans originated. Their average total fees are $463, which is $3,121 lower than the next largest lender, Tompkins Trust Company.

The lowest fee ITHACA lenders (with over 10 loans originated) are CFCU Community Credit Union ($463), Community Bank ($2,726), Tompkins Trust Company ($3,584), Alternatives Federal Credit Union ($3,810) and M&T Bank ($4,585).

The lowest rate ITHACA lenders (with over 10 loans originated) are CFCU Community Credit Union (5.72%), Tompkins Trust Company (6.06%), Alternatives Federal Credit Union (6.38%), PARAGON HOME LOANS INC. (6.43%) and 1ST PRIORITY MORTGAGE, INC. (6.47%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
JONES LANG LASALLE MULTIFAMILY, LLC $359,090,000 n/a 53.8%
Tompkins Trust Company $83,470,000 $73,335,000 -12.1% 11.0%
CFCU Community Credit Union $92,310,000 $50,450,000 -45.3% 7.6%
NEXTIER BANK, NATIONAL ASSOCIATION $6,785,000 $34,710,000 411.6% 5.2%
Community Bank $25,690,000 $26,665,000 3.8% 4.0%
Chemung Canal Trust Company $2,380,000 $13,450,000 465.1% 2.0%
M&T Bank $14,310,000 $11,585,000 -19.0% 1.7%
1ST PRIORITY MORTGAGE, INC. $12,765,000 $9,675,000 -24.2% 1.4%
QUICKEN LOANS, LLC $12,295,000 $8,070,000 -34.4% 1.2%
WALKER & DUNLOP, LLC $7,725,000 n/a 1.2%
Tioga State Bank $3,580,000 $4,705,000 31.4% 0.7%
Alternatives Federal Credit Union $2,925,000 $4,285,000 46.5% 0.6%
First Republic Bank $3,415,000 n/a 0.5%
PARAGON HOME LOANS INC. $930,000 $2,885,000 210.2% 0.4%
First National Bank of Dryden $2,680,000 n/a 0.4%
VISIONS $9,975,000 $2,635,000 -73.6% 0.4%
MOVEMENT MORTGAGE, LLC $3,650,000 $2,580,000 -29.3% 0.4%
The First National Bank of Groton $2,540,000 n/a 0.4%
Wells Fargo Bank $1,970,000 $2,090,000 6.1% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,085,000 n/a 0.3%
KeyBank $5,250,000 $1,905,000 -63.7% 0.3%
UNITED WHOLESALE MORTGAGE, LLC $1,420,000 $1,895,000 33.5% 0.3%
STATE EMPLOYEES FEDERAL CREDIT UNION $95,000 $1,880,000 1,878.9% 0.3%
Bank of America $1,220,000 $1,835,000 50.4% 0.3%
NAVY FEDERAL CREDIT UNION $1,060,000 $1,680,000 58.5% 0.3%
Citizens Bank $2,090,000 $1,545,000 -26.1% 0.2%
Premium Mortgage Corporation $1,165,000 $1,535,000 31.8% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $300,000 $1,460,000 386.7% 0.2%
JPMorgan Chase Bank $2,610,000 $1,455,000 -44.3% 0.2%
TD Bank $910,000 $1,265,000 39.0% 0.2%
Mortgage Research Center, LLC $845,000 $1,225,000 45.0% 0.2%
LOANDEPOT.COM, LLC $750,000 $1,170,000 56.0% 0.2%
AMERICU Credit Union $1,270,000 $775,000 -39.0% 0.1%
21ST MORTGAGE CORPORATION $275,000 $765,000 178.2% 0.1%
Farm Credit East, ACA $1,075,000 $765,000 -28.8% 0.1%
GUARANTEED RATE, INC. $245,000 $665,000 171.4% 0.1%
Empower Federal Credit Union $240,000 $645,000 168.8% 0.1%
SEFCU SERVICES, LLC $635,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $365,000 $570,000 56.2% 0.1%
PENNYMAC LOAN SERVICES, LLC $565,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $550,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $140,000 $530,000 278.6% 0.1%
Morgan Stanley Private Bank $515,000 $525,000 1.9% 0.1%
NBT Bank $1,320,000 $515,000 -61.0% 0.1%
The Lyons National Bank $600,000 $515,000 -14.2% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $375,000 $475,000 26.7% 0.1%
BETTER MORTGAGE CORPORATION $285,000 $450,000 57.9% 0.1%
Five Star Bank $440,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $575,000 $430,000 -25.2% 0.1%
PNC Bank $235,000 $400,000 70.2% 0.1%
Centennial Bank $385,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $590,000 $370,000 -37.3% 0.1%
HOMESTEAD FUNDING CORP. $1,400,000 $315,000 -77.5% 0.0%
Cache Valley Bank $305,000 n/a 0.0%
Plains Commerce Bank $295,000 n/a 0.0%
NBKC BANK $205,000 $290,000 41.5% 0.0%
Cathay Bank $265,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $335,000 $265,000 -20.9% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $255,000 n/a 0.0%
INTERSTATE HOME LOAN CENTER, INC. $245,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $235,000 n/a 0.0%
Geddes Federal Savings and Loan Association $480,000 $235,000 -51.0% 0.0%
USAA Federal Savings Bank $1,870,000 $235,000 -87.4% 0.0%
State Department Federal Credit Union $215,000 n/a 0.0%
A&D Mortgage LLC $205,000 n/a 0.0%
FIRST HERITAGE FEDERAL CREDIT UNION $270,000 $205,000 -24.1% 0.0%
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION $205,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $205,000 n/a 0.0%
CORNING $2,105,000 $200,000 -90.5% 0.0%
Citizens & Northern Bank $145,000 $195,000 34.5% 0.0%
PLAZA HOME MORTGAGE, INC. $500,000 $185,000 -63.0% 0.0%
Discover Bank $45,000 $180,000 300.0% 0.0%
Royal Business Bank $165,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $200,000 $155,000 -22.5% 0.0%
Flagstar Bank, FSB $155,000 n/a 0.0%
The Federal Savings Bank $155,000 n/a 0.0%
FINGER LAKES $35,000 $150,000 328.6% 0.0%
Genesee Regional Bank $790,000 $145,000 -81.6% 0.0%
LENDINGHOME FUNDING CORPORATION $315,000 $145,000 -54.0% 0.0%
TOTAL MORTGAGE SERVICES, LLC $145,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.0%
Ballston Spa National Bank $115,000 n/a 0.0%
Deere Employees Credit Union $115,000 n/a 0.0%
FIRST CREDIT CORPORATION OF NEW YORK, INC. $115,000 n/a 0.0%
Bethpage Federal Credit Union $670,000 $95,000 -85.8% 0.0%
Mr. Cooper ( Nationstar Mortgage ) $1,025,000 $85,000 -91.7% 0.0%
Ukrainian Selfreliance Federal Credit Union $85,000 n/a 0.0%
SERVU FEDERAL CREDIT UNION $75,000 n/a 0.0%
THE SUMMIT Federal Credit Union $75,000 n/a 0.0%
Wayne Bank $75,000 n/a 0.0%
UTILITIES EMPLOYEES CREDIT UNION $55,000 n/a 0.0%
DIGITAL Federal Credit Union $45,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $445,000 $45,000 -89.9% 0.0%
Centier Bank $35,000 n/a 0.0%

ITHACA's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 53.8% market share. In second place, with 11.0%, is Tompkins Trust Company, having originated $73,335,000 in loans. In third place, with 7.6%, is CFCU Community Credit Union, having originated $50,450,000 in loans. In fourth place, with 5.2%, is NEXTIER BANK, NATIONAL ASSOCIATION, having originated $34,710,000 in loans. In fifth place, with 4.0%, is Community Bank, having originated $26,665,000 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 (-1.5%) $329,192 (6.6%) 0.00 181
2018-02-01 $254,725 (-1.3%) $331,638 (1.0%) 0.00 175
2018-03-01 $270,700 (-2.4%) $334,600 (-1.6%) 0.00 193
2018-04-01 $264,167 (-5.6%) $328,622 (-3.9%) 0.00 213
2018-05-01 $284,800 (1.4%) $336,749 (-4.2%) 0.00 239
2018-06-01 $269,000 (-3.9%) $331,197 (-7.6%) 0.00 267
2018-07-01 $259,425 (-7.3%) $316,365 (-9.5%) 0.00 271
2018-08-01 $251,150 (-6.7%) $308,292 (-10.4%) 0.00 274
2018-09-01 $250,000 (-5.6%) $313,434 (-7.5%) 0.00 267
2018-10-01 $253,250 (-8.0%) $309,273 (-9.7%) 0.00 247
2018-11-01 $250,875 (-6.4%) $322,854 (-4.4%) 0.00 218
2018-12-01 $239,000 (-8.0%) $332,772 (-1.8%) 0.00 190
2019-01-01 $235,500 (-1.9%) $330,393 (0.4%) 0.00 169
2019-02-01 $239,450 (-6.0%) $341,703 (3.0%) 0.00 186
2019-03-01 $261,286 (-3.5%) $366,936 (9.7%) 0.00 216
2019-04-01 $272,911 (3.3%) $373,016 (13.5%) 0.00 239
2019-05-01 $271,500 (-4.7%) $375,032 (11.4%) 0.00 254
2019-06-01 $275,000 (2.2%) $350,098 (5.7%) 0.00 277
2019-07-01 $274,475 (5.8%) $348,780 (10.3%) 0.00 265
2019-08-01 $275,182 (9.6%) $347,562 (12.7%) 0.00 261
2019-09-01 $269,455 (7.8%) $342,292 (9.2%) 0.00 257
2019-10-01 $262,500 (3.7%) $334,772 (8.2%) 0.00 248
2019-11-01 $249,250 (-0.7%) $315,415 (-2.3%) 0.00 221
2019-12-01 $249,900 (4.6%) $325,364 (-2.2%) 0.00 178
2020-01-01 $249,375 (5.9%) $329,766 (-0.2%) 0.00 148
2020-02-01 $270,000 (12.8%) $351,654 (2.9%) 0.00 149
2020-03-01 $276,200 (5.7%) $354,569 (-3.4%) 0.00 170
2020-04-01 $275,000 (0.8%) $353,236 (-5.3%) 0.00 160
2020-05-01 $299,000 (10.1%) $373,749 (-0.3%) 0.00 168
2020-06-01 $293,475 (6.7%) $355,986 (1.7%) 0.00 175
2020-07-01 $286,200 (4.3%) $344,784 (-1.2%) 0.00 191
2020-08-01 $282,500 (2.7%) $343,855 (-1.1%) 0.00 170
2020-09-01 $282,450 (4.8%) $363,948 (6.3%) 0.00 145
2020-10-01 $285,000 (8.6%) $367,264 (9.7%) 0.00 131
2020-11-01 $270,450 (8.5%) $389,566 (23.5%) 0.00 127
2020-12-01 $271,000 (8.4%) $398,293 (22.4%) 0.00 117
2021-01-01 $297,000 (19.1%) $452,900 (37.3%) 0.00 90
2021-02-01 $301,500 (11.7%) $441,716 (25.6%) 0.00 81
2021-03-01 $305,500 (10.6%) $424,078 (19.6%) 0.00 66
2021-04-01 $299,000 (8.7%) $421,961 (19.5%) 0.00 66
2021-05-01 $300,000 (0.3%) $437,055 (16.9%) 0.00 81
2021-06-01 $295,000 (0.5%) $403,562 (13.4%) 0.00 76
2021-07-01 $262,450 (-8.3%) $369,222 (7.1%) 0.00 86
2021-08-01 $290,000 (2.7%) $401,295 (16.7%) 0.00 87
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 (31.5%) $440,729 (19.4%) 0.00 108
2022-08-01 $333,725 (15.1%) $450,200 (12.2%) 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
2023-05-01 $416,225 (8.5%) $571,614 (16.1%) 0.00 71
2023-06-01 $421,250 (19.5%) $553,022 (17.0%) 0.00 72
2023-07-01 $349,900 (1.4%) $477,372 (8.3%) 0.00 74
2023-08-01 $332,500 (-0.4%) $459,879 (2.2%) 0.00 85
2023-09-01 $337,500 (5.5%) $466,053 (6.0%) 0.00 69
2023-10-01 $334,999 (5.5%) $494,068 (8.9%) 0.00 68
2023-11-01 $360,700 (10.2%) $506,185 (3.6%) 0.00 67
2023-12-01 $349,000 (7.4%) $445,168 (-9.6%) 0.00 77
2024-01-01 $345,277 (-6.4%) $481,381 (-8.1%) 0.00 49
2024-02-01 $380,000 (-1.0%) $521,391 (-3.5%) 0.00 52
2024-03-01 $385,000 (-2.9%) $530,094 (-3.7%) 0.00 53
2024-04-01 $392,500 (-12.6%) $530,299 (-12.3%) 0.00 78
2024-05-01 $461,000 (10.8%) $579,570 (1.4%) 0.00 97
2024-06-01 $425,000 (0.9%) $540,083 (-2.3%) 0.00 102
2024-07-01 $429,425 (22.7%) $535,662 (12.2%) 0.00 110
2024-08-01 $399,000 (20.0%) $525,273 (14.2%) 0.00 112
2024-09-01 $392,500 (16.3%) $509,163 (9.3%) 0.00 108
2024-10-01 $393,725 (17.5%) $507,433 (2.7%) 0.00 109
ITHACA's median listing price for 2024-10-01 was $393,725, a difference of $58,726 (17.5%) versus the prior year and $1,225 versus the prior month.

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

ITHACA's average listing price for 2024-10-01 was $507,433, a difference of $13,365 (2.7%) versus the prior year and $-1,730 versus the prior month.

For the 2024-10-01 period, ITHACA had 109 MLS listings, a difference of 1 listings (1%) versus the prior month and 41 listings (60%) 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 1,980 sqft
2018-03-01 0 days 2,056 sqft
2018-04-01 0 days 2,013 sqft
2018-05-01 0 days 2,041 sqft
2018-06-01 0 days 2,027 sqft
2018-07-01 0 days 1,978 sqft
2018-08-01 0 days 1,959 sqft
2018-09-01 0 days 1,968 sqft
2018-10-01 0 days 1,996 sqft
2018-11-01 0 days 1,912 sqft
2018-12-01 0 days 1,828 sqft
2019-01-01 0 days 1,798 sqft
2019-02-01 0 days 1,793 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 2,016 sqft
2019-08-01 0 days 2,070 sqft
2019-09-01 0 days 2,103 sqft
2019-10-01 0 days 2,120 sqft
2019-11-01 0 days 2,046 sqft
2019-12-01 0 days 2,005 sqft
2020-01-01 0 days 2,045 sqft
2020-02-01 0 days 2,012 sqft
2020-03-01 0 days 1,927 sqft
2020-04-01 0 days 1,890 sqft
2020-05-01 0 days 1,946 sqft
2020-06-01 0 days 1,977 sqft
2020-07-01 0 days 1,970 sqft
2020-08-01 0 days 2,030 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 1,804 sqft
2021-11-01 0 days 1,867 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 2,084 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
2023-05-01 0 days 2,451 sqft
2023-06-01 0 days 2,468 sqft
2023-07-01 0 days 2,178 sqft
2023-08-01 0 days 1,909 sqft
2023-09-01 0 days 1,854 sqft
2023-10-01 0 days 2,120 sqft
2023-11-01 0 days 2,211 sqft
2023-12-01 0 days 2,018 sqft
2024-01-01 0 days 2,052 sqft
2024-02-01 0 days 2,030 sqft
2024-03-01 0 days 1,992 sqft
2024-04-01 0 days 2,029 sqft
2024-05-01 0 days 2,227 sqft
2024-06-01 0 days 2,175 sqft
2024-07-01 0 days 2,132 sqft
2024-08-01 0 days 1,961 sqft
2024-09-01 0 days 1,897 sqft
2024-10-01 0 days 1,917 sqft
ITHACA's median listing age (time on market) for 2024-10-01 was 0 days.

ITHACA's median square footage for active listings during the 2024-10-01 period was 1,917 sqft. One year prior, the average listing was 2,120 sqft.

ITHACA, NY Average Rent (2023)

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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 MSA $950 $1,020 $1,230 $1,570 $1,670
13053 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
13062 Ithaca, NY MSA $1,020 $1,100 $1,280 $1,630 $1,720
13068 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
13073 Ithaca, NY MSA $980 $1,060 $1,230 $1,570 $1,670
13081 Ithaca, NY MSA $1,190 $1,280 $1,490 $1,890 $2,000
13092 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
13102 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
13736 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
13864 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
14817 Ithaca, NY MSA $1,040 $1,120 $1,310 $1,660 $1,760
14850 Ithaca, NY MSA $1,350 $1,450 $1,690 $2,150 $2,270
14851 Ithaca, NY MSA $1,190 $1,280 $1,490 $1,890 $2,000
14852 Ithaca, NY MSA $1,190 $1,280 $1,490 $1,890 $2,000
14853 Ithaca, NY MSA $1,190 $1,280 $1,490 $1,890 $2,000
14854 Ithaca, NY MSA $1,100 $1,180 $1,380 $1,750 $1,850
14867 Ithaca, NY MSA $990 $1,060 $1,240 $1,580 $1,670
14881 Ithaca, NY MSA $1,150 $1,230 $1,440 $1,830 $1,940
14882 Ithaca, NY MSA $1,440 $1,550 $1,810 $2,300 $2,430
14883 Ithaca, NY MSA $950 $1,020 $1,230 $1,570 $1,670
14886 Ithaca, NY MSA $1,100 $1,180 $1,380 $1,750 $1,850

2022 Average & Median Rent Data Statistics
ITHACA, NY average 1BR rent: $1,153, median: $1,100
ITHACA, NY average 2BR rent: $1,360, median: $1,280
ITHACA, NY average 3BR rent: $1,730, median: $1,630

ITHACA, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 630 $240,600,000 $381,905
Home Improvement 145 $12,675,000 $87,414
Other 133 $13,435,000 $101,015
Refi 94 $383,330,000 $4,077,979
Cash Out Refi 88 $17,650,000 $200,568
NA 1 $65,000 $65,000

Ithaca's most frequently cited loan purpose was Home Purchase, with 630 originations. The 2nd most popular reason was Home Improvement, with 145 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 319 $123,075,000 $385,815
5-6% 293 $428,545,000 $1,462,611
7-8% 133 $56,425,000 $424,248
3-4% 88 $11,630,000 $132,159
Over 8% 70 $13,790,000 $197,000
4-5% 55 $16,365,000 $297,545
<2.5% 20 $1,310,000 $65,500

During 2023, Ithaca's most frequently originated rate bucket was 6-7%, with 319 originations.

Loan Sizing (ITHACA, NY MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 367 $101,835,000 $277,480
$100,000 or less 299 $15,435,000 $51,622
$100k-200k 294 $43,480,000 $147,891
$400k-600k 92 $42,840,000 $465,652
$Over $1MM 20 $450,780,000 $22,539,000
$600k-1000k 19 $13,385,000 $704,474

ITHACA's loan sizing saw the bucket of loans from $200k-400k with 367 originations, totaling $101,835,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 312 $88,180,000 $282,628
60-80% 243 $127,505,000 $524,712
Under 20% 156 $7,500,000 $48,077
20-40% 136 $14,970,000 $110,074
40-60% 123 $53,115,000 $431,829
Over 100% 6 $359,690,000 $59,948,333

ITHACA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 312 originations, totaling $88,180,000 in origination value.