Elma, NY 14059 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elma, NY—14059

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$405,000

4.0% YoY Growth

Household Income

$102,000

38.4% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

2.3%

Median Rent

$1,850

27.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,850

N/A

3-Bed Rent

N/A

Home Price Trends — Elma, NY

As of Dec '25, the median home price in Elma, NY is $405,000, with a year-over-year change of 4.0%. This indicates that home prices in Elma, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$405,000	4.0%
Single Family	$405,000	4.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elma, NY

As of July '25, Rentcast reports the average rent in Elma, NY is $1,850, with a year-over-year rent change of -27.5%. Per bedroom, the median rent as of July '25 in Elma, NY is 2-bedrooms: $1,850. The most common rental property sizes in Elma, NY are 2-bedroom and 3-bedroom, accounting for 54.3% and 32.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,850
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,850	$1,850
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.4%

1 Bedroom

10.1%

2 Bedrooms

54.3%

3 Bedrooms

32.0%

4 Bedrooms

1.2%

Property Listings — Elma, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Elma, NY is 65. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$685,000	37.0%
Listing Count	21	-23.0%
Listings as % of Homes	0.4%	-23.0%
Days on Market	83	-14.0%

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Demographics — Elma, NY

As of the latest ACS Survey released in 2023, Elma, NY has a population of 9,410, which has decreased by -7.2% over the past 5 years. Elma, NY is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,410	-7.2%
% Under 18	21.9%	14.1%
% Seniors	23.1%	4.5%
% WFH	11.0%	107.5%
% w/ College Degree	42.3%	0.5%

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As of the latest ACS Survey released in 2023, Elma, NY is a predominantly white area, with 97.5% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Elma, NY is hispanic, making up 0.5% of the population. Foreign-born residents account for 2.5% of the population in Elma, NY, and this percentage has increased by 31.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	97.5%	-1.7%
% Black	0.1%	∞%
% Hispanic	0.5%	400.0%
% Asian	0.3%	-25.0%
% Foreign Born	2.5%	31.6%

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Mortgage and Risk — Elma, NY

According to HUD data as of 2023, there were 182 mortgage originations in Elma, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Elma, NY. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	182
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Elma, NY

Elma, NY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	6
% Rentals under Section 8	1.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,300
2 Bedroom	-$320	$1,850	$1,530
3 Bedroom	N/A	N/A	$1,870
4 Bedroom	N/A	N/A	$2,110

Elma, NY—14059

Key Metrics at a Glance

Home Price Trends — Elma, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elma, NY

% of Rental Stock

Property Listings — Elma, NY

Demographics — Elma, NY

Race and Ethnicity

Mortgage and Risk — Elma, NY

Mortgages

Rentals and Section 8 — Elma, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Elma, NY

Home Price to Income Ratio

Elma, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Lancaster, NY

Marilla, NY

East Aurora, NY

Depew, NY

West Seneca, Buffalo, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$405,000
Median Household Income	$102,000

Elma, NY—14059

Key Metrics at a Glance

Home Price Trends — Elma, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elma, NY

% of Rental Stock

Property Listings — Elma, NY

Demographics — Elma, NY

Race and Ethnicity

Mortgage and Risk — Elma, NY

Mortgages

Rentals and Section 8 — Elma, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Elma, NY

Home Price to Income Ratio

Elma, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Lancaster, NY

Marilla, NY

East Aurora, NY

Depew, NY

West Seneca, Buffalo, NY

Frequently Asked Questions

What is the average home price in Elma, NY 14059?

How have home prices in Elma, NY 14059 changed over the past year?

What is the home price projection for Elma, NY 14059?

What are the demographics of Elma, NY 14059?

How long does it take homes to sell in Elma, NY 14059?

What is the average rent price in Elma, NY 14059?