How much is a home worth in ZIP code 14850?

The typical home in 14850 is worth $410,443, based on the Zillow Home Value Index.

Are home values rising in 14850?

Home values in 14850 are up 2.3% over the past year, and up 6.5% a year over five years.

What is the typical rent in 14850?

A typical home in 14850 rents for about $1,924 a month, a gross rental yield of 5.6%.

What is the property tax rate in 14850?

The effective property tax rate in 14850 is 2.1% — roughly $8,654 a year on a typical home.

ZIP code 14850 has a population of 68,610 and a median household income of $71,445.

HousingHandbookReference data

…

U.S. ZIP Code · NY14850

Tompkins County · Ithaca, NY

Typical home value

$410,443^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +6.5%
10-year / yr: +5.2%

Relative price

vs U.S.: +44.5%
vs metro: +40.7%
vs state: +28.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 14850 is worth $410,443 — 40.7% above the Ithaca, NY median. Over the past year, values have risen 2.3%. Homes here rent for a typical $1,924 a month — a 5.6% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,924^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.1%^[3]
Typical annual tax: $8,654^[3]

#Climate risk

FEMA National Risk Index ratings for Tompkins County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 68,610^[3]
Median household income: $71,445^[3]

#Migration

Household moves in and out of Tompkins County over a year, from IRS tax-return data.

Net migration: -646^[5]
Moved in: 3,158
Moved out: 3,804

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 7
Middle: 2
High: 3

ITHACA SENIOR HIGH SCHOOL
High · Grades 9–12 · ITHACA CITY SCHOOL DISTRICT
1,362 students
BOYNTON MIDDLE SCHOOL
Middle · Grades 6–8 · ITHACA CITY SCHOOL DISTRICT
534 students
DEWITT MIDDLE SCHOOL
Middle · Grades 6–8 · ITHACA CITY SCHOOL DISTRICT
508 students
NORTHEAST SCHOOL
Elementary · Grades K–5 · ITHACA CITY SCHOOL DISTRICT
395 students
SOUTH HILL SCHOOL
Elementary · Grades PK–5 · ITHACA CITY SCHOOL DISTRICT
370 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$23,089

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,075

Loan principal$328,355

Down payment$82,089

Total interest paid$418,798

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.63

Monthly cost to own$3,139

Monthly rent$1,924

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 14th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 43rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 14850?: The typical home in 14850 is worth $410,443, based on the Zillow Home Value Index.
Are home values rising in 14850?: Home values in 14850 are up 2.3% over the past year, and up 6.5% a year over five years.
What is the typical rent in 14850?: A typical home in 14850 rents for about $1,924 a month, a gross rental yield of 5.6%.
What is the property tax rate in 14850?: The effective property tax rate in 14850 is 2.1% — roughly $8,654 a year on a typical home.
Who lives in 14850?: ZIP code 14850 has a population of 68,610 and a median household income of $71,445.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

14882 vs 14850 →
South Lansing CDP, NY
Typical home
$356,121
Gross yield
—
14886 vs 14850 →
Jacksonville CDP, NY
Typical home
$328,010
Gross yield
—
13068
Freeville, NY
Typical home
$292,651
Gross yield
—
13053
Dryden, NY
Typical home
$290,618
Gross yield
—
14817
Brooktondale CDP, NY
Typical home
$268,616
Gross yield
—
14867
Newfield CDP, NY
Typical home
$259,921
Gross yield
—

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#Jump to section

U.S. ZIP Code · NY14850

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