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📍 Elmira, NY · Zillow ZHVI · July 2026

Average Home Price in
Elmira, NY

Elmira, NY metro area · Chemung County County

Median Home Value
$131,598
↑ 4.5% year-over-year
vs. National Median
$410,000
Elmira is 68% below
Est. Monthly Payment
$686/mo
20% down · 6.8% rate
Income Needed
$35K
gross annual (30% rule)
Median Home Value
$131,598
↑ 4.5% year-over-year
Down Payment (20%)$26,320
Monthly P&I$686/mo
With Taxes & Ins.~$871/mo
Income Needed$34,840/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Elmira, NY

The median home value in Elmira, NY is $131,598 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and down 1.7% from two years prior.

Compared to the U.S. national median of $410,000, homes in Elmira are priced68% below average. Elmira is part of the Elmira, NY metro area.

City Comparison

Elmira vs. National Median

🏠 Elmira
$131,598
National Median
$410,000

At $131,598, homes in Elmira cost 68% below the national median of $410,000. This makes Elmira a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Elmira?

20% Down Payment
$26,320
on $131,598
Monthly P&I
$686/mo
30-yr @ 6.8%
Total Monthly Est.
~$871/mo
incl. taxes & insurance
Income Needed
$34,840
gross annual (30% rule)
10% Down Option
$13,160
+ PMI applies
Loan Amount (20% dn)
$105,278
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Elmira, NY?
The median home value in Elmira is $131,598 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Elmira?
Over the past year, home values in Elmira have increased by 4.5%.
How much do I need to earn to buy a home in Elmira?
To comfortably afford the median home price of $131,598 with a 20% down payment ($26,320) at today's rates (6.8%), you'd need a gross annual income of approximately $34,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Elmira compare to the national average home price?
The national median home value is approximately $410,000. At $131,598, homes in Elmira are 68% below the national average.
What metro area is Elmira part of?
Elmira is part of the Elmira, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.