Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
245 Elmira, NY, USA apartments for sale
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Elmira
According to statistics, the population in Elmira, NY amounts to 28,302, which shows decline -1% compared to the previous year. The median age of the city’s residents is 33. The average household income is $32,646, shifting growth 9% from the past year, and the average property value in Elmira, NY growth 4% to $72,800 throughout the year.
| Population | 28,302 |
| Median Age | 33.4 |
| Poverty Rate | 31% |
| Household Income | $32,646 |
| Number Of Employees | 10,332 |
| Median Property Value | $72,800 |
Household Income
The average household income in Elmira, NY grew from $29,955 to $32,646 in the past year. This data is an estimate based upon 10,225 households in Elmira, NY . The chart below presents how household income is distributed in Elmira, NY in comparison to the revenue allocation amid households nationally.
- USA
- Elmira, NY
Property Value
According to data from last year, the average property value in Elmira, NY shifted from $70,300 to $72,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elmira, NY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elmira, NY properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
- USA
- Elmira, NY
Rent vs. Own
- Rent45%
- Own55%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elmira, NY compared to median property taxes around the country. The prevalent amount of property taxes in Elmira, NY equals $2500, which is less than the national average.
- USA
- Elmira, NY
Housing Trends
Elmira, NY, USA Housing Trends
Average sale in Elmira: $123,666 (-15.8%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 2 bed apartments | $84,900 | N/A |
| 3 bed apartments | $128,185 | +31.9% |
| 4+ bed apartments | $124,684 | -34.7% |
During May 2021, the average price for an apartment in/near Elmira, NY decreased by 15.8% to $123,666.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $84,900. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $128,185. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $124,684 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Townhouses for sale | $124,999 | +52.7% |
| Houses for sale | $123,571 | -29% |
According to statistics, average house is still $123,571 with no significant changes this month. Value of the townhouses didn’t change, the price still starts at $124,999.
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