Why Live in Elmira
Elmira, a historic neighborhood in south-central New York, is situated about 7 miles north of the Pennsylvania border. Known for its vibrant community and rich cultural heritage, Elmira is home to notable attractions such as the Arnot Art Museum and Mark Twain’s Study. The neighborhood offers recreational outlets, including the Lackawanna Rail Trail and over 20 public parks. Eldridge Park, with its carousel, mini golf, and paddle boats, is a popular summer destination, while Wisner Park hosts a farmers market from June to September. Elmira's downtown area, located along the Chemung River, features local restaurants, bars, and independent art galleries, with most dining options concentrated on Main Street. The neighborhood also hosts several community festivals throughout the year, including the Elmira Fest, a holiday parade, and the Elmira Street Painting Festival.
Elmira's real estate market is characterized by affordable historic homes, with architectural styles ranging from bungalows and cottages to larger Colonials and Queen Annes. The median home price is $131,000, significantly below the state average. Elmira College offers higher education opportunities within the city. The neighborhood is accessible via Interstate 86 and New York State Route 14, with public bus service provided by the Chemung County Transit System and intercity routes by several transportation companies. Although Elmira is located on the floodplain of the Chemung River and has experienced past floods, recent data indicates a decrease in both violent and property crimes compared to the previous year.
Frequently Asked Questions
What is the average home price in Elmira, NY?
Homes for sale in Elmira, NY have an average home price of $153,001.
How many homes have sold over the last 12 months in Elmira, NY?
1,067 homes have sold in Elmira, NY over the last 12 months.
What are the most popular zip codes in Elmira, NY?
How much do you need to make to afford a house in Elmira?
The median home price in Elmira is $128,750. If you put a 20% down payment of $25,800 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $670 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $29K a year to afford the median home price in Elmira.
How are the schools in Elmira, NY?
Home Trends in Elmira, NY
On average, homes in Elmira, NY sell after 100 days on the market compared to the national average of 50 days. The median sale price for homes in Elmira, NY over the last 12 months is $132,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$132,000
Median Single Family Sale Price
$125,000
Median Townhouse Sale Price
$65,000
Average Price Per Sq Ft
$83
Number of Homes for Sale
183
Last 12 months Home Sales
1,067
Median List Price
$128,750
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
6%
