ITHACA Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Rent Data
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Ithaca averaged 6.18% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.07% and one month ago for the week of 2024-11-07, the average rate was 6.17%.

    Ithaca's average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Ithaca 30 Year Fixed Rate 2024-12-12 6.18%
    Ithaca 30 Year Fixed Rate Refi 2024-12-12 6.5%
    Ithaca 15 Year Fixed Rate 2024-12-12 5.64%
    Ithaca 15 Year Fixed Rate Refi 2024-12-12 5.84%
    Ithaca 30 Year FHA 2024-12-12 6.18%
    Ithaca 30 Year FHA Refi 2024-12-12 6.58%
    Ithaca 30 Year USDA 2024-12-12 6.5%
    Ithaca 30 Year USDA Refi 2024-12-12 6.3%
    Ithaca 30 Year VA 2024-12-12 6.18%
    Ithaca 30 Year VA Refi 2024-12-12 6.18%
    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
    2024-11-01 $394,000 (9.2%) $501,451 (-0.9%) 0.00 108
    ITHACA's median listing price for 2024-11-01 was $394,000, a difference of $33,300 (9.2%) versus the prior year and $275 versus the prior month.

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

    ITHACA's average listing price for 2024-11-01 was $501,451, a difference of $-4,734 (-0.9%) versus the prior year and $-5,982 versus the prior month.

    For the 2024-11-01 period, ITHACA had 108 MLS listings, a difference of -1 listings (-1%) versus the prior month and 41 listings (61%) 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
    2024-11-01 0 days 1,945 sqft
    ITHACA's median listing age (time on market) for 2024-11-01 was 0 days.

    ITHACA's median square footage for active listings during the 2024-11-01 period was 1,945 sqft. One year prior, the average listing was 2,211 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 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.