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Tompkins County Housing Market

New York · 62 counties · Ranked #2494 in home value

Below National Avg

Housing at a Glance

Median Home Value

$271,500

vs national$271,500 vs $281,900 national

Median Gross Rent

$1,374/mo

vs national+$1,374 vs $1,163 national

Effective Tax Rate

2.35%

vs national+2.35% vs 1.02% national

Median Household Income

$73,012

vs national$73,012 vs $74,755 national

Affordability Ratio

3.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

36.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,374

Tax as % of Home Value

2.35%

Monthly Owner Cost

$1,390

Renter Income

$43,441

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Frequently Asked Questions

What is the median home value in Tompkins County?

The median home value in Tompkins County is $271,500. This is below the national median of $281,900.

How much is rent in Tompkins County?

The median gross rent in Tompkins County is $1,374 per month.

What is the property tax rate in Tompkins County?

The effective property tax rate in Tompkins County is 2.35%. The median annual property tax bill is $6,374.

Is Tompkins County affordable?

With a home-value-to-income ratio of 3.7x, Tompkins County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.