Cayuga County, New York Housing Market Prices
Cayuga County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 82% below the New York median Among the top 5 cheapest counties in New York$82,647
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Median rent 42% below the New York median$941
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cayuga County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,647 | $471,885 | $248,835 |
| Price Trend (Annual %) | 1.8% | 7.1% | 7.5% |
| Median Gross Rent | $941 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cayuga County is about 82% lower than in New York. Rent is about 42% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cayuga County, up about 1.8% and 3.9% a year respectively. Rent is changing faster.
Median rent in Cayuga County rose about 39.9% between 2015 and 2024, from $673 to $941. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Cayuga County.
Buying the median-priced home in Cayuga County costs roughly 7.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cayuga County. The price-to-rent ratio in New York is about 24.3.
| Metric | Cayuga County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,647 | $471,885 | $248,835 |
| Median Household Income | $68,324 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.2 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cayuga County fell about 13.5%, while median household income rose about 40.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cayuga County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.1% | 48.8% | 58.5% |
| Rental Rate | 24.5% | 41.1% | 31.2% |
| Vacancy Rate | 14.4% | 10.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Cayuga County has a homeownership rate of 61.1%, higher than the New York average of 48.8%. Its housing vacancy rate is 14.4%, compared with 10.1% in New York.
Housing Stock
| Metric | Cayuga County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1958 | 1960 | 1978 |
| Median Number of Rooms | 6.2 | 5.0 | 5.5 |
The typical housing unit in Cayuga County was built around 1958. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Cayuga County, NY Housing Compared With Nearby Counties
Cayuga County, NY is the smallest of the 5 counties compared here, 75,102 residents against a local median of 110,898. Where Cayuga County, NY breaks from the counties next to it is median home price, sitting 26% below the local median of $111,159 at $82,647.
The counties themselves spread $73,567 on median home price, so Cayuga County, NY sits at one end of an already wide local range rather than apart from it. Cayuga County, NY has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cayuga County, NY | 75,102 | $82,647 #4/5 | $941 #4/5 | 71.4% #3/5 |
| Onondaga County, NY | 470,361 | $150,980 | $1,107 | 65.9% |
| Tompkins County, NY | 103,844 | $116,927 | $1,408 | 54.2% |
| Wayne County, NY | 90,929 | $77,413 | $937 | 79.9% |
| Oswego County, NY | 117,951 | $105,390 | $966 | 73.4% |
Frequently Asked Questions
Common questions about the housing market in Cayuga County, New York.
What is the median home price in Cayuga County, New York?
The median home price in Cayuga County, New York is $82,647, lower than the New York average of $471,885.
What is the average home price in Cayuga County, New York?
The typical home price in Cayuga County, New York, reported as the median sale price, is $82,647. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cayuga County, New York?
The median gross rent in Cayuga County, New York is $941 per month, lower than the New York average of $1,621.
What was the median gross rent in Cayuga County in 2020?
In 2020, the median gross rent in Cayuga County, New York was $769 per month.
What is the price-to-rent ratio in Cayuga County, New York?
The price-to-rent ratio in Cayuga County, New York is about 7.3, meaning it would take roughly 7.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cayuga County.
Are home prices or rent rising faster in Cayuga County, New York?
Both home prices and rent are rising in Cayuga County, up about 1.8% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Cayuga County, New York?
61.1% of households in Cayuga County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Cayuga County, New York?
The housing vacancy rate in Cayuga County, New York is 14.4%, higher than the New York average of 10.1%.
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