Is Northeast Ithaca, NY a good place to invest in rental property?

Northeast Ithaca, NY has a median modeled monthly cash flow of $-1,323 and a median cap rate of 2.5%, on a median sold price of $447,500. Prices changed +6.2% year over year.

What is the average cap rate in Northeast Ithaca, NY?

The median cap rate across recently sold homes in Northeast Ithaca, NY is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Northeast Ithaca, NY?

The median sold price in Northeast Ithaca, NY is $447,500 (about $207 per square foot).

Investing in Northeast Ithaca, NY Real Estate

A data-driven snapshot of the Northeast Ithaca, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$447,500Median sold price

$207Median $/sqft

2.5%Median cap rate

$-1,323Modeled cash flow / mo

+6.2%Appreciation YoY

10.4Months of supply

26Active listings

30Sold (last 12 mo)

What the Northeast Ithaca numbers say

In Northeast Ithaca, NY, the median home sold for $447,500 (about $207 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,323 of monthly cash flow. Sold prices moved +6.2% over the past year. Inventory sits at about 10.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Northeast Ithaca cash-flowing listings

CashFlowRE ranks every for-sale home in Northeast Ithaca, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Northeast Ithaca deals, or browse the national market data.