Housing affordability · NY · 2024
Tompkins Housing Affordability
49th most affordable of 62 New York counties · price-to-income ratio
Tompkins at a glance
Tompkins shows a counter-intuitive pattern: home prices relative to income (3.9×) are below the New York state median, yet a higher-than-average share of renters face cost burden — typically reflecting a concentration of lower-income households in the local rental market.
At Tompkins's median household income of $74,024, a renter paying the median monthly rent of $1,411 would commit 23% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
For owner-occupied households, 11% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Tompkins FAQ
What is the median home price in Tompkins?
The median home value in Tompkins, NY is $290,900 (2024 ACS 5-year estimate). This is 31% below the New York state median of $423,800.
Is Tompkins an affordable place to buy a home?
Tompkins is rated Moderate on the USInsights affordability scale. The price-to-income ratio is 3.9×, meaning the median home costs roughly 3.9 years of median household income ($74,024). 3.5×–5.0× indicates moderate pressure.
What is the average rent in Tompkins?
The median gross rent in Tompkins is $1,411 per month (2024 ACS 5-year estimate). 54% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
Explore Tompkins on the map
See census-tract detail, compare neighbouring counties, and filter by metric across all of New York.
Open on the map