Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elmira area can be challenging. Home prices in Elmira are now at a median cost of $87,423, lower than the New York average of $481,023.
The average cost of rent is $849/mo in Elmira, primarily driven by the current value of real estate in the Elmira area. While nearly 51.58% of residents own their homes outright in Elmira, 45.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmira is $4,228 per month. Households that rent pay about 20.07% of their income on rent here. Elmira's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- West Elmira, NY: higher priced homes
- Southport, NY: equally priced homes
- Elmira Heights, NY: equally priced homes
- Pine City, NY: higher priced homes
- Horseheads, NY: higher priced homes
- Wellsburg, NY: higher priced homes
- Lowman, NY: higher priced homes
- North Chemung, NY: higher priced homes
- Big Flats, NY: higher priced homes
- Breesport, NY: higher priced homes
Cities with Similar Populations
- Flemington, NJ: higher priced homes
- Quakertown, PA: higher priced homes
- Port Chester, NY: higher priced homes
- Martinez, GA: higher priced homes
- Hightstown, NJ: higher priced homes
- Front Royal, VA: higher priced homes
- Franklin, IN: higher priced homes
- Franconia, VA: higher priced homes
- Fountain, CO: higher priced homes
- Rosemount, MN: higher priced homes
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