Cheap Homes in Elmira, NY

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View this home at E Mccanns Blvd Elmira NY 14903
$55,765 EMV

2 Bed | 1 Bath | 1,000 Sq. Ft.

10 View this home at Herrick St Elmira NY 14904
$54,900 List Price

3 Bed | 2 Bath | 2,365 Sq. Ft.

View this home at W Hudson St Elmira NY 14904
$53,955 EMV

3 Bed | 1 Bath | 1,538 Sq. Ft.

View this home at W Henry St Elmira NY 14904
$51,109 EMV

2 Bed | 1 Bath | 840 Sq. Ft.

View this home at Davis St Elmira NY 14901
$57,885 EMV

4 Bed | 2 Bath | 1,914 Sq. Ft.

View this home at Walnut St Elmira NY 14901
$50,920 EMV

3 Bed | 2 Bath | 1,248 Sq. Ft.

View this home at Balsam St Elmira NY 14904
$40,157 EMV

1 Bed | 1 Bath | 1,081 Sq. Ft.

1 View this home at Lormore St Elmira NY 14904
$26,500 List Price

3 Bed | 1 Bath | 1,554 Sq. Ft.

10 View this home at Standish St Elmira NY 14901
$19,900 List Price

3 Bed | 2 Bath | 1,504 Sq. Ft.

View this home at E Mccanns Blvd Elmira NY 14903
$55,765 EMV

2 Bed | 1 Bath | 1,000 Sq. Ft.

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Home Value Estimator For Elmira, NY

There are currently 14,580 real estate properties in Elmira, NY, with a median automated valuation model (AVM) price of $104,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elmira, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elmira, NY, is $127,026.00, with the most expensive house in Elmira, NY, topping out at $6,404,600.00 and the cheapest home in Elmira, NY, clocking in at $19,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Elmira, NY!

Rent Prices In Elmira, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elmira, NY, is on a rollercoaster ride. The average rent price in Elmira, NY, is $1,089.00. Indeed, when looking to rent in Elmira, NY, you can expect to pay as little as $570.00 or as much as $3,140.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Elmira, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Elmira, NY

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Elmira, NY area at Get information on foreclosure homes for rent, how to buy foreclosures in Elmira, NY and much more. Save thousands at closing with home foreclosure listings in Elmira, NY — up to 75% off market value!

Top Reasons To Live In Elmira, NY In 2023

Elmira is located in Chemung, New York, with an estimated municipal population of 27,054 residents. All of the best foreclosed homes for sale in Elmira are located in the following zip code areas on 14901 14905 14904 14902. The estimated population per square kilometer (.62 miles) in Elmira is 1,440.

Cost Of Living In Elmira, NY

So, about how much do homes cost in Elmira? The most recent median value of resident-owned homes in Elmira is 74,296. An estimated 47.6 percent of households in Elmira own their homes, with an average family size of 3.19. The median household income in Elmira is 36,909, with11.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elmira, the median commute time of resident workers (in minutes) is 19.4. And last, but certainly not least, are you looking for homes to rent in Elmira? If so, the average rent price paid by renters in Elmira is 729, according to recent statistics.

Diversity And Demographics In Elmira, New York

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Elmira, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Elmira is 34.1, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Elmira is 32.8, with an average family size of 3.19.

The percentage of residents who report their race in Elmira is as follows:

White 75.7%
Black / African American 15.3%
Asian 0.5%
American Indian / Alaskan Native 0.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 6.1%
Other 1.5%

Looking for family-friendly neighborhoods in and/or near Elmira? Or maybe you are searching for 55+ active adult communities in and/or near Elmira?

The percentage of residents who report their age in Elmira is as follows:

Under 10 14.2%
Aged 10-19 13.1%
20s 15.7%
30s 15.1%
40s 11.7%
50s 12.9%
60s 9.6%
70s 4.7%
80+ 3.1%

Best Schools In Elmira, New York

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Elmira with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elmira.

Pros And Cons Of Living In Elmira, New York

How do you know that living in -- or moving to -- Elmira is right where you need to be? Perhaps you grew up in Elmira or already live nearby; therefore, the decision to buy a home in Elmira is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elmira for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Elmira:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elmira.

Reasons To Move To Elmira, New York, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elmira can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elmira, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Elmira, NY


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