Market Overview
Home Prices in Elmira, OR
The median home value in Elmira, OR is $554,083 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elmira are priced35% above average. Elmira is part of the Eugene-Springfield, OR metro area.
Over the past five years, Elmira home values have risen by approximately5.5%, reflecting steady appreciation in this market.
Price History
Elmira Home Price Trend
City Comparison
Elmira vs. National Median
At $554,083, homes in Elmira cost 35% above the national median of $410,000. Buyers in Elmira should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Elmira?
20% Down Payment
$110,817
on $554,083
Monthly P&I
$2,890/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,670/mo
incl. taxes & insurance
Income Needed
$146,800
gross annual (30% rule)
10% Down Option
$55,408
+ PMI applies
Loan Amount (20% dn)
$443,266
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, OR?
The median home value in Elmira is $554,083 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Elmira?
Over the past year, home values in Elmira have increased by 4.7%. Over five years, prices have risen approximately 5.5%.
How much do I need to earn to buy a home in Elmira?
To comfortably afford the median home price of $554,083 with a 20% down payment ($110,817) at today's rates (6.8%), you'd need a gross annual income of approximately $146,800. 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 $554,083, homes in Elmira are 35% above the national average.
What metro area is Elmira part of?
Elmira is part of the Eugene-Springfield, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.