Tioga Terrace is a neighborhood and census-designated place in the town of Owego, Tioga County, New York, United States. It was first listed as a CDP prior to the 2020 census. The community is in southeastern Tioga County, on the eastern side of Owego. It is bordered to the east by the town of Vestal in Broome County, to the west by the hamlet of Apalachin, and to the north by New York State Route 434 in the valley of the Susquehanna River.