What HUD offices serve Ithaca, New York?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Ithaca.
How many renters live in Ithaca, New York?
The City of Ithaca has 31,359 people living in 13,233 households.
There are 16,008 renters living in 9,630 renter households in this City. Renters make up 51.05 percent of the population living in Ithaca.
What is the rental market like in Ithaca, New York?
There are an estimated 14,918 housing units in the Ithaca area. Of these, 10,589 units are rental homes, making up 71 percent of the housing market. For every renter household in Ithaca, New York, there are 1 rental units.
What is the vacancy rate for rentals in Ithaca?
The rental vacancy rate in Ithaca is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Ithaca for each bedroom size?
Occupied Rental Units by Size in Ithaca
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 837 | 2,843 | 2,603 | 2,003 | 676 |
Occupied Rental Units by Size in Ithaca
A large number of apartments in Ithaca have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Ithaca are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 42 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Ithaca
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,311 to $2,229. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,311 |
| One BR | $1,434 |
| Two BR | $1,664 |
| Three BR | $2,056 |
| Four BR | $2,229 |
2024 Fair Market Rents in Ithaca, New York
How many units are rented at Fair Market Rent (FMR) in Ithaca?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 596 | 71 percent |
| One BR | 1,880 | 66 percent |
| Two BR | 1,183 | 45 percent |
Rental Units Below FMR in Ithaca, New York
How many affordable rental units are in Ithaca?
There are a variety of federal affordable housing programs serving households in Ithaca, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 421 |
| Public Housing | 235 |
Tracked Units by Federal Program in Ithaca, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ithaca, New York
Ithaca features 353 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Ithaca, New York
There are 949 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ithaca.
Housing Choice Vouchers in Ithaca, New York
On average, Section 8 Housing Choice vouchers pay Ithaca landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Ithaca.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ithaca, New York for a two-bedroom apartment is between $1,498 and $1,830.
Sourced from federal housing data and AffordableHousingOnline.com research.
