Home Values

Tompkins County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$191,800

  • 2.6% 1-year change
  • 2.4% 1-year forecast

The median home value in Tompkins County is $191,800. Tompkins County home values have gone up 2.6% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Tompkins County is None.

Foreclosures will be a factor impacting home values in the next several years. In Tompkins County 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Tompkins County is 3.4%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Tompkins County homeowners underwater on their mortgage is 5.6%.

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Relative ZHVI
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Tompkins County Market Overview

Data through Mar 31, 2015
  • $191,800 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $176,452 Median sale price (Feb 28, 2015)
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Tompkins County Market Health

Data through Mar 31, 2015
  • 8.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 5.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

0.7 homes Tompkins County
3 homes United States
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Cities in Tompkins County

Name Median ZHVI
Cayuga Heights $349,200
Northeast Ithaca $237,500
South Hill $202,000
Name Median ZHVI
East Ithaca $196,100
Ithaca $196,100
Ulysses $177,800
Name Median ZHVI
Town of Lansing $172,400
Danby $166,500
Town of Dryden $165,100

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $127 Median sale price / sq ft
  • No data Listings with price cut
10.8%
Sold below listing
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Tompkins County Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,644 Tompkins County
    $1,644 Ithaca Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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