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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Elmira Heights, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Elmira Heights, NY Housing Market Trends

With a population of 3,826, 1,774 total housing units (homes and apartments), and a median house value of $149,853, house prices in Elmira Heights are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Elmira Heights, accounting for 55.41% of the village's housing units. Other types of housing that are prevalent in Elmira Heights include duplexes, homes converted to apartments or other small apartment buildings ( 27.02%), large apartment complexes or high rise apartments ( 12.97%), and a few row houses and other attached homes ( 4.60%).

People in Elmira Heights primarily live in small (one, two or no bedroom) single-family detached homes. Elmira Heights has a mixture of owner-occupied and renter-occupied housing.

The housing in Elmira Heights was primarily built before 1939 ( 54.48%), making the housing stock in Elmira Heights some of the oldest overall in America, although there is a range of ages of homes in Elmira Heights. The next most important housing age is between 1940-1969 ( 31.23%), followed by between 1970-1999 ( 13.75%).

Vacant housing appears to be an issue in Elmira Heights. Fully 13.17% of the housing stock is classified as vacant. Left unchecked, vacant Elmira Heights homes and apartments can be a drag on the real estate market, holding Elmira Heights real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Elmira Heights Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Elmira Heights, where house values have increased just 44.52%, which is annualized rate of 3.75%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Elmira Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Elmira Heights's appreciation rate has been -6.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Elmira Heights were at 10.57%, which equates to an annual appreciation rate of 49.47%.

Importantly, this makes Elmira Heights one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Elmira Heights's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

Median Home Value

$149,853

Elmira Heights, NY Home Prices
> $1,234,000
$925,001 - $1,234,000
$617,001 - $925,000
$494,001 - $617,000
$370,001 - $494,000
$247,001 - $370,000
$123,001 - $247,000
$62,001 - $123,000
$0 - $62,000
1.3%
1.3%
0.5%
0.5%
1.4%
1.4%
2.3%
2.3%
3.5%
3.5%
8.7%
8.7%
32.7%
32.7%
42.5%
42.5%
7.1%
7.1%
0% 100.0%
% of Homes
Very Low

for New york

Very Low

for nation

Number of Homes And Apartments:

1,774

Elmira Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,470 / per month

Homeownership Rate

Owners
Renters
52.8%
52.8%
47.2%
47.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.2%
13.2%
86.8%
86.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.5%
0.5%
13.8%
13.8%
31.2%
31.2%
54.5%
54.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.4%
55.4%
4.6%
4.6%
27.0%
27.0%
13.0%
13.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
21.2%
21.2%
28.5%
28.5%
34.5%
34.5%
14.3%
14.3%
1.4%
1.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Elmira Heights

Zip Codes in Elmira Heights, NY