ITHACA Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
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.