The median home in Elmira, New York is valued at $117,533, down 1.5% year over year. Typical monthly rent is $1,245, producing a price-to-rent ratio of 7.9x — below the national average of 18x. Elmira is part of the Elmira, NY metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$117,533

-1.5%

Rent$1,245/mo

Prices falling — better for buyers.

Affordability

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Income (annual)

Down Payment

$23,507 on $117,533

Example: $75,000 household income. Change it above to see your own.

Affordable14.6% of income

Under the 28% guideline.

PITI$913

P/I14.6%

Afford$225K

Room+$108K

P&I $594Tax $168Ins $150

Buying $332/mo cheaper ($1,245 rent)6.50% 30yr, 20% down, county tax + NY ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New York

Compare Elmira with other housing markets across New York.

Sagaponack$7.21M Water Mill$4.54M Bridgehampton$4.44M Wainscott$3.78M Sands Point$3.18M Amagansett$2.97M Old Westbury$2.85M Quogue$2.77M

Full Elmira, NY analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Elmira, NY metro.

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