Elmira, NY home prices
Typical home $166,607 · +6.7% in a year · income needed $56,500
The Elmira, NY metro area ranks 772 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.7% in a year and +27.3% over five years. With 20% down at 7.11%, the typical home costs about $1,319 a month including 2.45% property tax (Chemung County rate).
Mortgage on the typical Elmira home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $33,321 | $133,286 | $897 | $0 | $423 | $1,319 | $56,500 |
| 10% down | $16,661 | $149,947 | $1,009 | $62 | $423 | $1,494 | $64,000 |
| 5% down | $8,330 | $158,277 | $1,065 | $66 | $423 | $1,554 | $66,600 |
| 3.5% down (FHA) | $5,831 | $163,590 | $1,100 | $74 | $423 | $1,597 | $68,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.45% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Elmira area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chemung County, NY | $166,618 | +6.6% | 2.45% |
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Frequently asked questions
How much is a house in Elmira?
The typical home in the Elmira, NY metro area is worth $166,607 (Zillow, September 2026).
What salary do you need to buy a house in Elmira?
About $56,500 a year for the typical home with 20% down at 7.11%.