Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$166,607+6.7% YoY · prices are rising fast
Market right nowSeller's marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$36,117About 0.5× the local median income ($66,441): affordable for a typical household
Days on market59 daysAbout the same pace as a year ago
Next 12 months+4.4%Zillow expects prices to rise strongly
The typical home in Elmira, NY is worth $166,607, up 6.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $153,634, so the area is 8.4% overvalued. It is a seller's market: homes take about 59 days to sell, listings are up 6% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 4.4% over the next year. A household needs about $36,117 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,441. Typical rent is $1,143 a month. In the latest IRS figures, 275 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$166,607
Change in 1 year
+6.7%
Overvalued %
+8.4%
Show 7 more
Fair home value
$153,634
Change in 5 years
+27.3%
Zillow forecast, next 12 months
+4.4%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$903
Income needed to afford it
$36,117
Property tax rate
2.45%
Rent and investing
Typical rent
$1,143
Price-to-rent ratio
12.1×
HUD Fair Market Rent, 2 bedrooms
$1,348
Show 2 more
Gross rental yield
8.23%
Cap rate (estimate)
5.35%
Market activity
Listings vs a year ago
+6.3%
Days on market
59
Listings with a price cut
17.0%
Show 3 more
Homes for sale
254
Pending sales per 100 listings
81
Asking price per sq ft
$111
People and jobs
Median household income
$66,441
Population change (1 year)
−0.5%
Unemployment rate
6.2%
Show 4 more
Population
80,415
Income adjusted for cost of living
$70,382
Net moves in (IRS)
−275
Cost of living (US = 100)
94.4
Schools, risk and environment
School rating (1 to 10)
3.9
FEMA hazard risk score (0 to 100)
54.8
Flood risk score
72.2
Show 3 more
Wildfire risk score
22.6
Walkability (1 to 20)
6.9
Road, rail and air noise
53 dB
Questions people ask
Is Elmira, NY overvalued?
Home prices in Elmira, NY are slightly above what local incomes have historically supported: fair value is about $153,634, so the area is 8.4% overvalued.
Is Elmira, NY a buyer's or seller's market?
Elmira, NY is a seller's market: homes take about 59 days to sell, listings are up 6% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Elmira, NY?
Home values in Elmira, NY are up 6.7% over the last year. Zillow's forecast for the next 12 months is +4.4%.
How much do you need to earn to buy a home in Elmira, NY?
A household needs about $36,117 a year to afford the typical home in Elmira, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,441.