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Elmira, NY—14903

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$168,000
6.0% YoY Growth
Household Income
$66,100
15.0% YoY Growth
Days on Market
41
45.0% Shorter YoY
Home Price Forecast
1.7%
Median Rent
$1,050
7.1% YoY Growth
1-Bed Rent
$950
2.3% YoY Growth
2-Bed Rent
$1,050
5.1% YoY Growth
3-Bed Rent
$1,550
6.9% YoY Growth

Other Zip Codes in Elmira, NY

149051490114904
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elmira, NY

As of May '26, the median home price in Elmira, NY is $168,000, with a year-over-year change of 6.0%. This indicates that home prices in Elmira, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$168,0006.0%
Single Family $169,0007.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$123,0005.1%
    3 Bed
    		$168,0007.7%
    4 Bed
    		$262,0008.7%
    5 Bed $376,0887.0%
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    % of Housing Stock

    1 Bedroom
    14.4%
    2 Bedrooms
    23.8%
    3 Bedrooms
    43.4%
    4 Bedrooms
    14.4%
    5+ Bedrooms
    4.0%

    Rental Trends — Elmira, NY

    As of July '25, Rentcast reports the average rent in Elmira, NY is $1,300, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Elmira, NY is studios: $850, 1-bedrooms: $989, 2-bedrooms: $1,240, 3-bedrooms: $1,550, 4-bedrooms: $2,220. The most common rental property sizes in Elmira, NY are 2-bedroom and 1-bedroom, accounting for 43.0% and 30.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,300
    Studio Rent $850$850
    1 Bed Rent $950$989
    2 Bed Rent $1,050$1,240
    3 Bed Rent $1,550$1,550
    4 Bed Rent $1,850$2,220
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    % of Rental Stock

    1 Bedroom
    30.3%
    2 Bedrooms
    43.0%
    3 Bedrooms
    21.3%
    4 Bedrooms
    4.2%
    5+ Bedrooms
    1.2%

    Property Listings — Elmira, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Elmira, NY is 41. This is a decrease of -45.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$255,00047.0%
    Listing Count
    		30-4.0%
    Listings as % of Homes0.6%-4.0%
    Days on Market
    		41-45.0%
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    Demographics — Elmira, NY

    As of the latest ACS Survey released in 2023, Elmira, NY has a population of 7,140, which has decreased by -5.9% over the past 5 years. Elmira, NY is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,140-5.9%
    % Under 18
    		20.1%-6.5%
    % Seniors
    		17.8%1.1%
    % WFH
    		7.5%581.8%
    % w/ College Degree
    		27.7%8.6%
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    As of the latest ACS Survey released in 2023, Elmira, NY is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Elmira, NY is black, making up 7.5% of the population. Foreign-born residents account for 2.6% of the population in Elmira, NY, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		81.2%-13.9%
    % Black
    		7.5%971.4%
    % Hispanic
    		4.8%336.4%
    % Asian
    		1.4%-30.0%
    % Foreign Born
    		2.6%-7.1%
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    Mortgage and Risk — Elmira, NY

    According to HUD data as of 2023, there were 177 mortgage originations in Elmira, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Elmira, NY. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		177
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Elmira, NY

    As of 2024, the percent of homes in Elmira, NY under the Section 8 program is 27.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Elmira, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		278
    Total Units Section 8
    		278
    % Rentals under Section 8
    		27.0%
    % Occupied Section 8
    		90.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$70$950$880
    2 Bedroom$110$1,050$1,160
    3 Bedroom-$80$1,550$1,470
    4 Bedroom-$300$1,850$1,550

    Affordability — Elmira, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$168,000
    Median Household Income$66,100

    Elmira, NY — ZIP Code Boundary Map

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    Frequently Asked Questions