Rent to own Homes in Ithaca, NY
Ever heard the phrase, Ithaca is Gorges? The Tompkins County countryside around this city is varied and breathtaking. With over 30,000 permanent residents and a steadily growing metropolitan area, Ithaca has no difficulty attracting newcomers to its lakeside setting. From waterfalls and rivers at Hemlock Gorge to the gorgeous natural forests and hillsides of Sapsucker Woods Bird Sanctuary, Ithaca has many reasons to claim top marks for beauty.
Ithaca, NY is a great place for affordable rent-to-own homes! With a median household income of over $38,019 and a median rent of $1,171, the Ithaca, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Ithaca, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Ithaca, NY Property Resources
Rent to own Homes in Cities Near Ithaca, NY
- Auburn
- Aurora
- Baldwinsville
- Camillus
- Cato
- Cayuga
- Clyde
- Elbridge
- Fairmount
- Genoa
- Interlaken
- Jordan
- King Ferry
- La Fayette
- Lakeland
- Locke
- Marcellus
- Marietta
- Martville
- Melrose Park
- Memphis
- Meridian
- Moravia
- Ovid
- Port Byron
- Preble
- Radisson
- Red Creek
- Romulus
- Savannah
- Scipio Center
- Seneca Falls
- Seneca Knolls
- Skaneateles
- Sterling
- Union Springs
- Village Green
- Warners
- Waterloo
- Weedsport
- Wolcott
Neighborhoods in Ithaca, NY
Washington Park rent to own homes Fall Creek rent to own homes Southside rent to own homes Ithaca Downtown Historic District rent to own homes Inlet Island rent to own homes Spencer Road rent to own homes East Hill rent to own homes Collegetown rent to own homes Cornell Heights rent to own homes Titus Flats rent to own homesBuying a Home in Ithaca, NY
Ithaca, NY is seeing rapid growth and Ithaca, NY's' housing market remains not optimal with an average home price that is 20% above the 2024 national average. Ithaca, NY is part of Tompkins county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Tompkins is 2.35% which is above the national average, which is 0.99%.
Median Home Price in Ithaca, NY
Median Rent in Ithaca, NY
Top 4 Reasons to Live in Ithaca, NY
You can become a true foodie! Ithaca has set down a solid and tasty place on the food map. With a wide range of restaurants to choose from, there is never a shortage of great hangouts. Specialty items as well as homestyle fare sprinkle the menus of restaurants around the city. Well-known Moosewood, as well as local favorites like Souvlaki House, Crow's Nest Cafe, and Ichabod Lounge, is always ready to take your order. Natural foods abound, and the GreenStar Natural Food Market stocks a variety of organic and local products worth investigating.
Market prices are on the rise! With housing prices on the upswing, now is a fantastic time to buy a home in neighborhoods like East Ithaca or City Center. A 5.8 percent increase in home values shows that Ithaca is primed for real estate potential. Price per square foot, though, has decreased by 2 percent. Why not take advantage of these buyers' benefits? With ample room to spare, your property investment in the Appalachians will improve as the years go on.
Awesome music is never far out of reach! The Ithaca music scene sends out tunes that will have you tapping from head to toe. Classic Guitar, jazz, reggae, and rock are just four spectacular sounds you can find around Ithaca at venues such as the Oasis or Bailey Hall. Musical theater at Dillingham Center, dancing competitions, and coffee house entertainment add to the mix. Agava Restaurant loves to inspire the ears and satisfy the taste buds.
Find your dream apartment rental with ease! With the average rental costing $1,200, there are endless options for renting in this growing college town near Cayuga Lake. If an apartment is too cramped, consider a rent to own home instead. With plenty of space and a gorgeous natural backdrop along South Hill, this community could become your new favorite place.