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Affordable
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These days, finding an affordable place to live in the Ithaca area can be challenging. Home prices in Ithaca are now at a median cost of $261,014, higher than the Ohio average of $236,816.
The average cost of rent is $1,577/mo in Ithaca, primarily driven by the current value of real estate in the Ithaca area. In Ithaca, 9.11% of households rent, and 33.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ithaca is $8,673 per month. Households that rent pay about 18.18% of their income on rent here. Ithaca’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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