Tompkins County, New York Housing Market
In Tompkins County, New York, the median home value is $290,900, with a median monthly rent of $1,411. This places Tompkins County at #672 nationally out of 3134 counties by median home value, and #17 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,391
- Establishments: 2,632
- BLS QCEW, 2025
Housing Supply
- Single-family: 146
- Multi-family: 325
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 37,047 (avg $94,222)
- Outflow: 34,866 (avg $95,657)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Tompkins County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 13068 | 350.5 | +12.00% | 2025 |
| 2 | 14850 | 330.5 | +5.94% | 2025 |
| 3 | 14882 | 294.0 | -8.57% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Tompkins County Compares
| Metric | Tompkins County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $290,900 | $281,200 | $227,706 |
| Median Gross Rent | $1,411 | $1,168 | $968 |
| Owner Occupancy Rate | 54.1% | 69.3% | 73.3% |
| Price/Rent Ratio | 17.2 | 18.4 | 18.7 |
Market Analysis
The median home value in Tompkins County is 3.4% above the New York state average and 27.8% above the U.S. national average. The median rent of $1,411/month is 20.8% above the state average.
With a price-to-rent ratio of 17.2, the buy-vs-rent decision in Tompkins County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Tompkins County has an owner-occupancy rate of 54.1%, compared to 69.3% in New York and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Nye County | Nevada | $290,900 | $1,181 |
| Becker County | Minnesota | $291,000 | $920 |
| Pueblo County | Colorado | $291,300 | $1,111 |
| Caroline County | Maryland | $290,100 | $1,105 |
| Uinta County | Wyoming | $290,000 | $900 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Albany County | $294,600 | $1,313 | 56.6% |
| Greene County | $271,600 | $1,004 | 77.2% |
| Warren County | $267,400 | $1,105 | 72.1% |
| Hamilton County | $260,200 | $912 | 82.4% |
| Rensselaer County | $258,400 | $1,217 | 64.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).