ZIP Code · NY

ZIP 14850

Part of Ithaca, NY

Pop. 68,610·Tompkins County·223rd most expensive ZIP in New York

Median rent (all units)

$2,038/mo

Year-over-Year

+3.4%

Month-over-Month

-1.0%

vs US Median

+$106

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 14850 · $2,038

More expensive than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,360

1 BR

$1,580

2 BR

$1,890

3 BR

$2,270

4 BR+

$2,830

Research median

$1,890/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 14850 usually run 0.9% below trend in November and 0.9% above it in February, about $37 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 14850 is 1% below its high of $2,059 in August 2026, at $2,038 as of September 2026.

Past year vs. the rest of New York

Rent in ZIP 14850 changed +3.3% over the year to September 2026. Across the 251 New York ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($71,445) is $1,786 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,580); a 2-bedroom is $1,890.

From Zillow's monthly rent index (ZORI) for ZIP 14850. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,456/yr

At $2,038/mo median

Location

CityIthaca

StateNY

CountyTompkins County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+3.4% YoY, -1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 14850 (Ithaca, NY) is majority renter-occupied, skews toward younger working-age adults, 70.6% of residents hold a bachelor's degree or higher.

Population

68,610

Median income

$71,445

Median age

28.1

Renters

55.2%

Age distribution

45.3%

19.6%

14.8%

Under 1812%

18–3445.3%

35–5419.6%

55–648.4%

65+14.8%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

69.3%

13.8%

White69.3%

Black5.1%

Hispanic7.6%

Asian13.8%

Other4.1%

Education (25+)

14.9%

70.6%

No HS diploma4.3%

HS diploma10.1%

Some college14.9%

Bachelor's+70.6%

Housing tenure

44.8%

55.2%

Owner44.8%

Renter55.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 14850 in Ithaca, NY has changed in 5 years

Rent

$1,734 → $2,038

up 17.5%

Income

$58,846 → $71,445

up 21.4%

Population

67,991 → 68,610

up 0.9%

Renter share

56.7% → 55.2%

-1.5 pts

Bachelor's+

67.2% → 70.6%

+3.4 pts

Across the past five years, the going rent in ZIP 14850 in Ithaca, NY has shifted from $1,734 to $2,038, up 17.5% since 2022. On the earnings side, the typical household in ZIP 14850 in Ithaca, NY now reports about $71,445, up from $58,846 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. The renter share has eased from 56.7% to 55.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 67.2% to 70.6% across the same window. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 14850 in Ithaca, NY reflects that arc in its own way.

Community

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About renting in ZIP 14850

Last updated: October 17, 2026

ZIP code 14850 covers Ithaca, NY. The median rent here is $2,038/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,890/mo.

At 34% of local median household income ($71,445/yr), ZIP 14850 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 14850?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (about $39/hour full-time) to afford the median rent of $2,038/mo in ZIP 14850. The local median household income is $71,445/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 14850?

Rent in ZIP 14850 has risen 3.4% over the past year as of September 2026. It sits 1% below its high of $2,059 in August 2026.

When is the cheapest time to rent in ZIP 14850?

Asking rents in ZIP 14850 are usually lowest in November, about 0.9% below their yearly trend, and highest in February, about 0.9% above it. At today's median that is a gap of roughly $37 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 14850 compare to other ZIPs in New York?

ZIP 14850 is one of the more affordable among New York ZIP codes for rent, ranking #223 of 334 at $2,038/mo. Over the year to September 2026, rent in ZIP 14850 changed +3.3%, against a typical +5.6% across the 251 New York ZIP codes Zillow tracks.