There are currently 13,364 real estate properties in Ithaca, NY, with a median automated valuation model (AVM) price of $381,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ithaca, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ithaca, NY, is $422,043.00, with the most expensive house in Ithaca, NY, topping out at $24,800,000.00 and the cheapest home in Ithaca, NY, clocking in at $43,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Ithaca, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ithaca, NY, is on a rollercoaster ride. The average rent price in Ithaca, NY, is $1,682.00. Indeed, when looking to rent in Ithaca, NY, you can expect to pay as little as $960.00 or as much as $4,030.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Ithaca, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Ithaca, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Ithaca, NY and much more. Save thousands at closing with home foreclosure listings in Ithaca, NY — up to 75% off market value!
Ithaca is located in Tompkins, New York, with an estimated municipal population of 30,837 residents. All of the best foreclosed homes for sale in Ithaca are located in the following zip code areas on Foreclosure.com: 14853 14850 14851. The estimated population per square kilometer (.62 miles) in Ithaca is 2,209.
So, about how much do homes cost in Ithaca? The most recent median value of resident-owned homes in Ithaca is 234,331. An estimated 25.8 percent of households in Ithaca own their homes, with an average family size of 2.79. The median household income in Ithaca is 34,424, with19.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ithaca, the median commute time of resident workers (in minutes) is 17.6. And last, but certainly not least, are you looking for homes to rent in Ithaca? If so, the average rent price paid by renters in Ithaca is 1,203, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Ithaca, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Ithaca is 21.9, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Ithaca is 17.1, with an average family size of 2.79.
The percentage of residents who report their race in Ithaca is as follows:
|Black / African American||5.5%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Ithaca? Or maybe you are searching for 55+ active adult communities in and/or near Ithaca?
The percentage of residents who report their age in Ithaca is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Ithaca with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ithaca.
How do you know that living in -- or moving to -- Ithaca is right where you need to be? Perhaps you grew up in Ithaca or already live nearby; therefore, the decision to buy a home in Ithaca is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ithaca for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Ithaca:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ithaca.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ithaca can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ithaca, meanwhile, can field multiple offers from more qualified buyers.
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