Elmira Metro Area, NY Housing

The housing market in the Elmira, NY Metro Area is a great place to invest. The median value of homes in the area is $144,700, which is significantly lower than the median value of homes across the United States at $338,100. Additionally, the US housing appreciation rate over one year is 8.27%, while the housing appreciation rate in Elmira over one year is 12.32%. This indicates that investing in property in Elmira could be a very lucrative decision for those looking to add to their real estate portfolio.

The median home cost in Elmira Metro Area is $144,700. Home appreciation the last 10 years has been 39.6%. Home Appreciation in Elmira Metro Area is up 7.2%.

Average Age of Homes

- The median age of Elmira Metro Area real estate is 64 years old

The Rental Market in Elmira Metro Area

- Renters make up 29.3% of the Elmira Metro Area population
- 2.0% of houses and apartments in Elmira Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elmira, New York	United States
	38,891.0	139,647,020.0
	65	42
	$144,700	$338,100
	7.2%	16.6%
	30.9%	57.0%
	39.6%	101.1%
	$26.98	$10.98
	$3,092	$2,690
	60.0%	57.4%
	12.0%	11.2%
	28.0%	31.4%
Vacant Housing
	2.0%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.4%	0.4%
	1.3%	3.6%
	7.3%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	2.5%	2.4%
	8.6%	2.8%
	14.2%	3.9%
	14.6%	4.5%
	21.1%	11.3%
	15.9%	13.0%
	11.7%	20.1%
	4.3%	13.6%
	1.3%	8.3%
	1.2%	9.7%
	0.4%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	4.7%	13.6%
	6.6%	13.2%
	13.2%	14.8%
	4.7%	13.6%
	15.7%	10.0%
	7.6%	4.7%
	33.6%	12.2%

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