Elmira, NY is a great place to live with an affordable median housing value of $95,700 compared to the US median housing value of $338,100. The 1 year house appreciation in Elmira is 15.37%, which is higher than the US average of 8.27%. This makes it a great time to invest in Elmira's real estate market as prices are expected to appreciate further. With this appreciation and low cost of living, Elmira is an attractive option for buyers looking for their dream home.
The median home cost in Elmira is $95,700. Home appreciation the last 10 years has been 29.7%. Home Appreciation in Elmira is up 3.0%.
Average Age of Homes
- The median age of Elmira real estate is 78 years old
The Rental Market in Elmira
- Renters make up 48.1% of the Elmira population
- 4.2% of houses and apartments in Elmira, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.