How much house does $500,000 buy you in Ithaca?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Ithaca?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Ithaca right now. Listings below $500,000 were included if necessary.
131 Birdseye View Dr, Ithaca, NY 14850
- Price: $479,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,880
- See 131 Birdseye View Dr, Ithaca, NY 14850 on Redfin.com
402 University Ave, Ithaca, NY 14850
- Price: $488,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,661
- See 402 University Ave, Ithaca, NY 14850 on Redfin.com
104 Pinewood Pl, Ithaca, NY 14850
- Price: $425,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,294
- See 104 Pinewood Pl, Ithaca, NY 14850 on Redfin.com
1450 Hanshaw Rd, Ithaca, NY 14850
- Price: $420,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 1,877
- See 1450 Hanshaw Rd, Ithaca, NY 14850 on Redfin.com
1456 Trumansburg Rd, Ithaca, NY 14850
- Price: $449,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,784
- See 1456 Trumansburg Rd, Ithaca, NY 14850 on Redfin.com
10 Cemetery Ln, Groton, NY 13073
- Price: $474,500
- 4 bedrooms, 3 bathrooms
- Square feet: 2,574
- See 10 Cemetery Ln, Groton, NY 13073 on Redfin.com
301 Muriel St, Ithaca, NY 14850
- Price: $482,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,984
- See 301 Muriel St, Ithaca, NY 14850 on Redfin.com
522 W Seneca St, Ithaca, NY 14850
- Price: $419,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,342
- See 522 W Seneca St, Ithaca, NY 14850 on Redfin.com
188 Benjamin Hill Rd, Newfield, NY 14867
- Price: $469,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,608
- See 188 Benjamin Hill Rd, Newfield, NY 14867 on Redfin.com
110 Terrace View Dr, Ithaca, NY 14850
- Price: $415,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,852
- See 110 Terrace View Dr, Ithaca, NY 14850 on Redfin.com
1171 Ellis Hollow Rd, Ithaca, NY 14850
- Price: $430,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,198
- See 1171 Ellis Hollow Rd, Ithaca, NY 14850 on Redfin.com
77 Searles Rd, Groton, NY 13073
- Price: $419,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,184
- See 77 Searles Rd, Groton, NY 13073 on Redfin.com
719 Hanshaw Rd, Ithaca, NY 14850
- Price: $420,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,150
- See 719 Hanshaw Rd, Ithaca, NY 14850 on Redfin.com
205 W Buffalo St, Ithaca, NY 14850
- Price: $488,800
- 4 bedrooms, 2 bathrooms
- Square feet: 1,931
- See 205 W Buffalo St, Ithaca, NY 14850 on Redfin.com
2600 N Triphammer Rd, Ithaca, NY 14850
- Price: $474,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,862
- See 2600 N Triphammer Rd, Ithaca, NY 14850 on Redfin.com
393 Groton Rd, Freeville, NY 13068
- Price: $449,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,844
- See 393 Groton Rd, Freeville, NY 13068 on Redfin.com
87 Armstrong Rd, Lansing, NY 14882
- Price: $429,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,760
- See 87 Armstrong Rd, Lansing, NY 14882 on Redfin.com
2111 Coddington Rd, Brooktondale, NY 14817
- Price: $480,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,670
- See 2111 Coddington Rd, Brooktondale, NY 14817 on Redfin.com
210 Mount Pleasant Rd, Ithaca, NY 14850
- Price: $399,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,596
- See 210 Mount Pleasant Rd, Ithaca, NY 14850 on Redfin.com
109 Pearl St, Ithaca, NY 14850
- Price: $425,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,368
- See 109 Pearl St, Ithaca, NY 14850 on Redfin.com
42 Elm St, Trumansburg, NY 14886
- Price: $445,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,699
- See 42 Elm St, Trumansburg, NY 14886 on Redfin.com
105 Valley Rd, Ithaca, NY 14850
- Price: $499,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,230
- See 105 Valley Rd, Ithaca, NY 14850 on Redfin.com
215 W Spencer St, Ithaca, NY 14850
- Price: $439,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 1,527
- See 215 W Spencer St, Ithaca, NY 14850 on Redfin.com
116 Terrace View Dr, Ithaca, NY 14850
- Price: $449,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,838
- See 116 Terrace View Dr, Ithaca, NY 14850 on Redfin.com
310 Burdge Hill Rd, Newfield, NY 14867
- Price: $409,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,240
- See 310 Burdge Hill Rd, Newfield, NY 14867 on Redfin.com
34 Benson Rd, Freeville, NY 13068
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,178
- See 34 Benson Rd, Freeville, NY 13068 on Redfin.com
331 Winthrop Dr, Ithaca, NY 14850
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,556
- See 331 Winthrop Dr, Ithaca, NY 14850 on Redfin.com
207 Walnut St, Ithaca, NY 14850
- Price: $445,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,399
- See 207 Walnut St, Ithaca, NY 14850 on Redfin.com
355 Saranac Way, Ithaca, NY 14850
- Price: $455,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,397
- See 355 Saranac Way, Ithaca, NY 14850 on Redfin.com
