Rental numbers for the Ithaca, NY metro
The typical home here runs -$1,383 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.7%.
- Gross yield
- 6.5%
- typical home, Zillow
- Median ZIP yield
- 5.7%
- 1 ZIPs with full data
- Cash flow
- -$1,383/mo
- at 7.78%, 25% down
- Typical price
- $356,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,932/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
8 with published figures
| 14817Brooktondale | $279,000 | $2,030* | 8.7% | 3.2% | -$751 | n/a |
| 13073Groton | $250,000 | $1,540* | 7.4% | 2.3% | -$861 | n/a |
| 14867Newfield | $269,000 | $1,540* | 6.9% | 1.7% | -$1,059 | n/a |
| 13053Dryden | $301,000 | $1,540* | 6.1% | 1.1% | -$1,357 | n/a |
| 13068Freeville | $304,000 | $1,540* | 6.1% | 1.3% | -$1,311 | n/a |
| 14850Ithaca | $415,000 | $1,975 | 5.7% | 1.2% | -$1,818 | +6.0% |
| 14882Lansing | $367,000 | $1,740* | 5.7% | 1.1% | -$1,623 | n/a |
| 14886Trumansburg | $343,000 | $1,560* | 5.5% | 0.9% | -$1,597 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.8%
- Rent, 12 months
- +5.3%
- Rent minus price growth
- +1.6 pts
- Property tax
- 2.29%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $265,646 | $1,446 |
| Aug 2022 | $302,814 | $1,596 |
| Aug 2023 | $313,989 | $1,729 |
| Aug 2024 | $333,999 | $1,787 |
| Aug 2025 | $342,554 | $1,834 |
| Aug 2026 | $355,501 | $1,932 |
Counties
- Tompkins County, NY5.7% median yield
Tools
Questions
- Is the Ithaca, NY metro good for rental property?
- The typical home here runs -$1,383 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.7%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Ithaca, NY metro have the highest rental yield?
- 14850 (Ithaca) at 5.7%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.