ELMIRA Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Rent Data
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Elmira averaged 6.5% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 6.44% and one month ago for the week of 2024-03-07, the average rate was 6.6%.

    Elmira's average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Elmira 30 Year Fixed Rate 2024-04-11 6.5%
    Elmira 30 Year Fixed Rate Refi 2024-04-11 6.78%
    Elmira 15 Year Fixed Rate 2024-04-11 6.36%
    Elmira 15 Year Fixed Rate Refi 2024-04-11 6.36%
    Elmira 30 Year FHA 2024-04-11 6.76%
    Elmira 30 Year FHA Refi 2024-04-11 6.74%
    Elmira 30 Year USDA 2024-04-11 6.91%
    Elmira 30 Year USDA Refi 2024-04-11 6.51%
    Elmira 30 Year VA 2024-04-11 6.77%
    Elmira 30 Year VA Refi 2024-04-11 6.57%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ELMIRA, NY.

    ELMIRA Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ELMIRA, NY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CORNING 77 6.53% $3,537
    MOVEMENT MORTGAGE, LLC 56 6.70% $5,908
    Community Bank 48 6.87% $736
    FIRST HERITAGE FEDERAL CREDIT UNION 42 6.43% $3,009
    QUICKEN LOANS, LLC 28 7.23% $5,964
    PARAGON HOME LOANS INC. 18 6.47% $4,091
    Chemung Canal Trust Company 14 6.26% $2,587
    VISIONS 11 6.84% $3,370
    1ST PRIORITY MORTGAGE, INC. 9 6.58% $4,819
    Citizens & Northern Bank 7 7.00% $5,447
    Premium Mortgage Corporation 7 6.41% $4,299
    Tompkins Trust Company 6 6.25% $3,472
    Five Star Bank 6 6.60% $3,272
    M&T Bank 6 6.56% $5,279
    PENNYMAC LOAN SERVICES, LLC 5 6.53% $6,917
    AMERICAN FINANCIAL NETWORK, INC. 5 6.63% $6,199
    TD Bank 4 5.84% $6,273
    Empower Federal Credit Union 4 6.06% $2,042
    Ally Bank 3 5.96% $6,684
    Alternatives Federal Credit Union 3 6.13% $4,784
    UNITED WHOLESALE MORTGAGE, LLC 3 6.33% $10,626
    Wells Fargo Bank 3 7.54% $2,552
    NEWREZ LLC 3 6.63% $6,565
    Bank of America 2 7.25% $4,497
    JPMorgan Chase Bank 2 6.75% $4,267
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 5.63% $5,006
    Mr. Cooper ( Nationstar Mortgage ) 2 6.81% $5,249
    PREMIA MORTGAGE, LLC 2 6.25% $625
    TEACHERS 1 5.88% $4,005
    21ST MORTGAGE CORPORATION 1 8.15% $7,021
    Amalgamated Bank 1 6.63% $2,964
    Carrington Mortgage Services, LLC 1 6.38% $6,155
    Evolve Bank & Trust 1 7.13% $6,166
    Firstrust Savings Bank 1 6.50% $4,322
    Flagstar Bank, FSB 1 7.88% $16,231
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $4,860
    Heritage Bank 1 6.13% $9,544
    HOMESTEAD FUNDING CORP. 1 6.25% $6,098
    HOME TOWN FUNDING, INC. 1 6.38% $2,928
    HUNT MORTGAGE CORPORATION 1 7.38% $5,334
    KeyBank 1 5.75% $2,078
    LYNX MORTGAGE BANK LLC 1 7.49% $7,651
    MILLENIUM HOME MORTGAGE, LLC 1 7.00% $4,945
    MLB RESIDENTIAL LENDING, LLC 1 7.00% $3,419
    Mortgage Research Center, LLC 1 7.63% $4,669
    Northpointe Bank 1 6.63% $3,776
    Northwest Bank 1 5.38% $4,703
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $3,643
    PNC Bank 1 7.38% $4,408
    SEFCU SERVICES, LLC 1 5.50% $2,957
    USAA Federal Savings Bank 1 7.13% $3,210
    U.S. Bank 1 6.63% $4,334

    ELMIRA Average Closing Costs & Other Stats

    ELMIRA, NY's 52 lenders originated 1,326 loans during 2023. The total origination value was $167,040,000, with an average loan value of $125,973.

    ELMIRA's average closing costs are $4,038.

    The top ELMIRA lender as defined by loan originations is CORNING, with 77 loans originated. Their average total fees are $3,537, which is $2,371 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee ELMIRA lenders (with over 10 loans originated) are Community Bank ($736), Chemung Canal Trust Company ($2,587), FIRST HERITAGE FEDERAL CREDIT UNION ($3,009), VISIONS ($3,370) and CORNING ($3,537).

    The lowest rate ELMIRA lenders (with over 10 loans originated) are Chemung Canal Trust Company (6.26%), FIRST HERITAGE FEDERAL CREDIT UNION (6.43%), PARAGON HOME LOANS INC. (6.47%), CORNING (6.53%) and MOVEMENT MORTGAGE, LLC (6.70%).

    ELMIRA, NY Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    CORNING $40,545,000 $28,590,000 -29.5% 17.1%
    MOVEMENT MORTGAGE, LLC $19,340,000 $24,030,000 24.3% 14.4%
    Chemung Canal Trust Company $9,960,000 $15,545,000 56.1% 9.3%
    FIRST HERITAGE FEDERAL CREDIT UNION $17,820,000 $14,030,000 -21.3% 8.4%
    Community Bank $17,435,000 $12,235,000 -29.8% 7.3%
    QUICKEN LOANS, LLC $12,220,000 $8,385,000 -31.4% 5.0%
    PARAGON HOME LOANS INC. $7,355,000 $5,465,000 -25.7% 3.3%
    VISIONS $7,860,000 $4,225,000 -46.2% 2.5%
    Tioga State Bank $2,295,000 $3,535,000 54.0% 2.1%
    M&T Bank $5,315,000 $3,320,000 -37.5% 2.0%
    PENNYMAC LOAN SERVICES, LLC $95,000 $3,065,000 3,126.3% 1.8%
    Citizens & Northern Bank $5,145,000 $2,660,000 -48.3% 1.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,490,000 $2,450,000 64.4% 1.5%
    AMERICAN FINANCIAL NETWORK, INC. $2,420,000 n/a 1.4%
    Premium Mortgage Corporation $2,290,000 $2,260,000 -1.3% 1.4%
    Empower Federal Credit Union $1,885,000 $2,245,000 19.1% 1.3%
    PREMIA MORTGAGE, LLC $1,030,000 $2,125,000 106.3% 1.3%
    SERVU FEDERAL CREDIT UNION $1,465,000 $1,955,000 33.4% 1.2%
    NEWREZ LLC $455,000 $1,945,000 327.5% 1.2%
    1ST PRIORITY MORTGAGE, INC. $4,075,000 $1,910,000 -53.1% 1.1%
    Tompkins Trust Company $5,200,000 $1,850,000 -64.4% 1.1%
    TD Bank $655,000 $1,720,000 162.6% 1.0%
    Five Star Bank $2,140,000 $1,605,000 -25.0% 1.0%
    Mortgage Research Center, LLC $2,915,000 $1,480,000 -49.2% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $1,675,000 $1,060,000 -36.7% 0.6%
    USAA Federal Savings Bank $975,000 $1,005,000 3.1% 0.6%
    NAVY FEDERAL CREDIT UNION $1,205,000 $860,000 -28.6% 0.5%
    The Federal Savings Bank $205,000 $755,000 268.3% 0.5%
    FREEDOM MORTGAGE CORPORATION $6,105,000 $610,000 -90.0% 0.4%
    HOMESTEAD FUNDING CORP. $200,000 $590,000 195.0% 0.4%
    Citizens Bank $1,895,000 $550,000 -71.0% 0.3%
    Bank of America $820,000 $535,000 -34.8% 0.3%
    JPMorgan Chase Bank $1,040,000 $515,000 -50.5% 0.3%
    LOANDEPOT.COM, LLC $170,000 $490,000 188.2% 0.3%
    Flagstar Bank, FSB $125,000 $465,000 272.0% 0.3%
    Heritage Bank $455,000 n/a 0.3%
    21ST MORTGAGE CORPORATION $650,000 $450,000 -30.8% 0.3%
    Ally Bank $435,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $935,000 $415,000 -55.6% 0.2%
    MLB RESIDENTIAL LENDING, LLC $415,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $315,000 $370,000 17.5% 0.2%
    Alternatives Federal Credit Union $215,000 $365,000 69.8% 0.2%
    FINANCE OF AMERICA REVERSE LLC $245,000 $355,000 44.9% 0.2%
    Wells Fargo Bank $5,115,000 $345,000 -93.3% 0.2%
    GUARANTEED RATE AFFINITY, LLC $335,000 n/a 0.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $165,000 $300,000 81.8% 0.2%
    HOME TOWN FUNDING, INC. $295,000 n/a 0.2%
    PNC Bank $175,000 $295,000 68.6% 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $85,000 $270,000 217.6% 0.2%
    First Citizens Community Bank $75,000 $270,000 260.0% 0.2%
    NORWICH COMMERCIAL GROUP, INC. $260,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $220,000 $250,000 13.6% 0.1%
    RELIANCE FIRST CAPITAL, LLC $195,000 $240,000 23.1% 0.1%
    Northpointe Bank $235,000 n/a 0.1%
    Ixonia Bank $230,000 n/a 0.1%
    Firstrust Savings Bank $215,000 n/a 0.1%
    SEFCU SERVICES, LLC $700,000 $215,000 -69.3% 0.1%
    TEACHERS $215,000 n/a 0.1%
    UIF CORPORATION $205,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $55,000 $195,000 254.5% 0.1%
    Evolve Bank & Trust $185,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $105,000 $180,000 71.4% 0.1%
    PENTAGON FEDERAL CREDIT UNION $105,000 $180,000 71.4% 0.1%
    Carrington Mortgage Services, LLC $115,000 $170,000 47.8% 0.1%
    PLAZA HOME MORTGAGE, INC. $155,000 $165,000 6.5% 0.1%
    Discover Bank $65,000 $155,000 138.5% 0.1%
    GUIDANCE RESIDENTIAL, LLC $155,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $135,000 $155,000 14.8% 0.1%
    ROYAL UNITED MORTGAGE LLC $475,000 $140,000 -70.5% 0.1%
    HUNT MORTGAGE CORPORATION $145,000 $135,000 -6.9% 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $135,000 $135,000 0.0% 0.1%
    MILLENIUM HOME MORTGAGE, LLC $125,000 n/a 0.1%
    U.S. Bank $425,000 $125,000 -70.6% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $435,000 $115,000 -73.6% 0.1%
    CONSTRUCTIVE LOANS, LLC $110,000 n/a 0.1%
    HSBC BANK USA, NATIONAL ASSOCIATION $105,000 n/a 0.1%
    Northwest Bank $600,000 $75,000 -87.5% 0.0%
    UTILITIES EMPLOYEES CREDIT UNION $75,000 n/a 0.0%
    LYNX MORTGAGE BANK LLC $65,000 n/a 0.0%
    NBT Bank $1,175,000 $65,000 -94.5% 0.0%
    The Lyons National Bank $775,000 $65,000 -91.6% 0.0%
    Bank of England $125,000 $55,000 -56.0% 0.0%
    CFCU Community Credit Union $1,180,000 $50,000 -95.8% 0.0%
    Amalgamated Bank $45,000 n/a 0.0%
    KeyBank $1,050,000 $45,000 -95.7% 0.0%

    ELMIRA's top lender by overall market share is CORNING, with 17.1% market share. In second place, with 14.4%, is MOVEMENT MORTGAGE, LLC, having originated $24,030,000 in loans. In third place, with 9.3%, is Chemung Canal Trust Company, having originated $15,545,000 in loans. In fourth place, with 8.4%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $14,030,000 in loans. In fifth place, with 7.3%, is Community Bank, having originated $12,235,000 in loans.

    ELMIRA Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - ELMIRA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $99,900 (-10.6%) $145,904 (1.9%) 0.00 314
    2018-02-01 $97,175 (-16.3%) $144,018 (-1.6%) 0.00 311
    2018-03-01 $89,900 (-24.4%) $144,621 (-4.0%) 0.00 302
    2018-04-01 $92,450 (-25.9%) $147,569 (-6.3%) 0.00 304
    2018-05-01 $102,475 (-19.1%) $155,190 (-4.2%) 0.00 336
    2018-06-01 $110,000 (-14.7%) $160,012 (-2.2%) 0.00 386
    2018-07-01 $109,900 (-12.1%) $156,527 (-5.7%) 0.00 386
    2018-08-01 $109,925 (-8.4%) $161,158 (-0.5%) 0.00 377
    2018-09-01 $109,900 (-6.8%) $159,345 (0.6%) 0.00 362
    2018-10-01 $109,900 (-7.6%) $159,556 (0.0%) 0.00 339
    2018-11-01 $103,700 (-9.0%) $152,491 (-1.4%) 0.00 326
    2018-12-01 $99,700 (-0.2%) $143,275 (-1.2%) 0.00 306
    2019-01-01 $96,475 (-3.4%) $137,186 (-6.0%) 0.00 290
    2019-02-01 $99,950 (2.9%) $140,243 (-2.6%) 0.00 284
    2019-03-01 $109,500 (21.8%) $147,351 (1.9%) 0.00 274
    2019-04-01 $119,900 (29.7%) $161,914 (9.7%) 0.00 256
    2019-05-01 $115,450 (12.7%) $174,418 (12.4%) 0.00 265
    2019-06-01 $118,500 (7.7%) $166,162 (3.8%) 0.00 276
    2019-07-01 $127,400 (15.9%) $172,814 (10.4%) 0.00 279
    2019-08-01 $131,845 (19.9%) $171,691 (6.5%) 0.00 297
    2019-09-01 $127,264 (15.8%) $165,446 (3.8%) 0.00 307
    2019-10-01 $121,800 (10.8%) $158,808 (-0.5%) 0.00 318
    2019-11-01 $109,000 (5.1%) $153,013 (0.3%) 0.00 294
    2019-12-01 $105,725 (6.0%) $153,324 (7.0%) 0.00 270
    2020-01-01 $109,000 (13.0%) $150,133 (9.4%) 0.00 252
    2020-02-01 $115,000 (15.1%) $153,465 (9.4%) 0.00 258
    2020-03-01 $106,000 (-3.2%) $152,391 (3.4%) 0.00 258
    2020-04-01 $121,900 (1.7%) $160,515 (-0.9%) 0.00 245
    2020-05-01 $124,900 (8.2%) $166,798 (-4.4%) 0.00 232
    2020-06-01 $139,950 (18.1%) $183,734 (10.6%) 0.00 242
    2020-07-01 $146,500 (15.0%) $193,462 (12.0%) 0.00 211
    2020-08-01 $146,250 (10.9%) $196,578 (14.5%) 0.00 184
    2020-09-01 $139,900 (9.9%) $193,867 (17.2%) 0.00 169
    2020-10-01 $131,000 (7.6%) $190,204 (19.8%) 0.00 172
    2020-11-01 $132,000 (21.1%) $192,106 (25.6%) 0.00 166
    2020-12-01 $129,900 (22.9%) $182,540 (19.1%) 0.00 172
    2021-01-01 $129,900 (19.2%) $181,476 (20.9%) 0.00 163
    2021-02-01 $130,550 (13.5%) $195,776 (27.6%) 0.00 133
    2021-03-01 $137,975 (30.2%) $196,777 (29.1%) 0.00 128
    2021-04-01 $146,175 (19.9%) $206,975 (28.9%) 0.00 115
    2021-05-01 $154,000 (23.3%) $228,911 (37.2%) 0.00 133
    2021-06-01 $169,950 (21.4%) $232,472 (26.5%) 0.00 150
    2021-07-01 $165,000 (12.6%) $211,066 (9.1%) 0.00 158
    2021-08-01 $158,725 (8.5%) $191,418 (-2.6%) 0.00 180
    2021-09-01 $149,900 (7.2%) $189,238 (-2.4%) 0.00 163
    2021-10-01 $148,950 (13.7%) $190,689 (0.3%) 0.00 148
    2021-11-01 $139,450 (5.6%) $182,643 (-4.9%) 0.00 146
    2021-12-01 $124,825 (-3.9%) $173,708 (-4.8%) 0.00 141
    2022-01-01 $122,000 (-6.1%) $178,456 (-1.7%) 0.00 116
    2022-02-01 $115,950 (-11.2%) $178,714 (-8.7%) 0.00 104
    2022-03-01 $96,975 (-29.7%) $164,518 (-16.4%) 0.00 114
    2022-04-01 $99,900 (-31.7%) $176,075 (-14.9%) 0.00 115
    2022-05-01 $121,200 (-21.3%) $194,653 (-15.0%) 0.00 130
    2022-06-01 $131,250 (-22.8%) $203,955 (-12.3%) 0.00 137
    2022-07-01 $134,900 (-18.2%) $212,471 (0.7%) 0.00 152
    2022-08-01 $132,975 (-16.2%) $207,495 (8.4%) 0.00 148
    2022-09-01 $143,725 (-4.1%) $211,342 (11.7%) 0.00 161
    2022-10-01 $149,950 (0.7%) $211,089 (10.7%) 0.00 162
    2022-11-01 $167,975 (20.5%) $222,340 (21.7%) 0.00 172
    2022-12-01 $175,000 (40.2%) $232,049 (33.6%) 0.00 143
    2023-01-01 $166,600 (36.6%) $211,885 (18.7%) 0.00 119
    2023-02-01 $154,675 (33.4%) $199,728 (11.8%) 0.00 104
    2023-03-01 $149,600 (54.3%) $204,856 (24.5%) 0.00 99
    2023-04-01 $159,900 (60.1%) $228,102 (29.6%) 0.00 102
    2023-05-01 $149,950 (23.7%) $226,895 (16.6%) 0.00 114
    2023-06-01 $155,000 (18.1%) $232,338 (13.9%) 0.00 103
    2023-07-01 $168,500 (24.9%) $236,443 (11.3%) 0.00 112
    2023-08-01 $152,950 (15.0%) $220,264 (6.2%) 0.00 133
    2023-09-01 $164,900 (14.7%) $236,035 (11.7%) 0.00 136
    2023-10-01 $169,675 (13.2%) $240,584 (14.0%) 0.00 143
    2023-11-01 $152,750 (-9.1%) $226,138 (1.7%) 0.00 144
    2023-12-01 $152,450 (-12.9%) $226,011 (-2.6%) 0.00 132
    2024-01-01 $146,400 (-12.1%) $215,515 (1.7%) 0.00 120
    2024-02-01 $147,675 (-4.5%) $217,307 (8.8%) 0.00 112
    2024-03-01 $175,000 (17.0%) $230,479 (12.5%) 0.00 103
    ELMIRA's median listing price for 2024-03-01 was $175,000, a difference of $25,400 (17.0%) versus the prior year and $27,325 versus the prior month.

    ELMIRA's median listing price comes in at 0% of the national average.

    ELMIRA's average listing price for 2024-03-01 was $230,479, a difference of $25,623 (12.5%) versus the prior year and $13,172 versus the prior month.

    For the 2024-03-01 period, ELMIRA had 103 MLS listings, a difference of -9 listings (-8%) versus the prior month and 4 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - ELMIRA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,632 sqft
    2018-02-01 0 days 1,618 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,578 sqft
    2018-05-01 0 days 1,589 sqft
    2018-06-01 0 days 1,636 sqft
    2018-07-01 0 days 1,660 sqft
    2018-08-01 0 days 1,670 sqft
    2018-09-01 0 days 1,643 sqft
    2018-10-01 0 days 1,690 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,637 sqft
    2019-01-01 0 days 1,625 sqft
    2019-02-01 0 days 1,621 sqft
    2019-03-01 0 days 1,639 sqft
    2019-04-01 0 days 1,687 sqft
    2019-05-01 0 days 1,715 sqft
    2019-06-01 0 days 1,810 sqft
    2019-07-01 0 days 1,854 sqft
    2019-08-01 0 days 1,809 sqft
    2019-09-01 0 days 1,785 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,680 sqft
    2019-12-01 0 days 1,740 sqft
    2020-01-01 0 days 1,645 sqft
    2020-02-01 0 days 1,721 sqft
    2020-03-01 0 days 1,735 sqft
    2020-04-01 0 days 1,724 sqft
    2020-05-01 0 days 1,720 sqft
    2020-06-01 0 days 1,797 sqft
    2020-07-01 0 days 1,859 sqft
    2020-08-01 0 days 1,910 sqft
    2020-09-01 0 days 1,880 sqft
    2020-10-01 0 days 1,861 sqft
    2020-11-01 0 days 1,813 sqft
    2020-12-01 0 days 1,821 sqft
    2021-01-01 0 days 1,734 sqft
    2021-02-01 0 days 1,716 sqft
    2021-03-01 0 days 1,739 sqft
    2021-04-01 0 days 1,810 sqft
    2021-05-01 0 days 1,862 sqft
    2021-06-01 0 days 1,896 sqft
    2021-07-01 0 days 1,836 sqft
    2021-08-01 0 days 1,760 sqft
    2021-09-01 0 days 1,804 sqft
    2021-10-01 0 days 1,757 sqft
    2021-11-01 0 days 1,705 sqft
    2021-12-01 0 days 1,610 sqft
    2022-01-01 0 days 1,583 sqft
    2022-02-01 0 days 1,603 sqft
    2022-03-01 0 days 1,591 sqft
    2022-04-01 0 days 1,631 sqft
    2022-05-01 0 days 1,698 sqft
    2022-06-01 0 days 1,760 sqft
    2022-07-01 0 days 1,703 sqft
    2022-08-01 0 days 1,693 sqft
    2022-09-01 0 days 1,680 sqft
    2022-10-01 0 days 1,724 sqft
    2022-11-01 0 days 1,703 sqft
    2022-12-01 0 days 1,732 sqft
    2023-01-01 0 days 1,693 sqft
    2023-02-01 0 days 1,593 sqft
    2023-03-01 0 days 1,650 sqft
    2023-04-01 0 days 1,715 sqft
    2023-05-01 0 days 1,590 sqft
    2023-06-01 0 days 1,736 sqft
    2023-07-01 0 days 1,815 sqft
    2023-08-01 0 days 1,792 sqft
    2023-09-01 0 days 1,820 sqft
    2023-10-01 0 days 1,804 sqft
    2023-11-01 0 days 1,762 sqft
    2023-12-01 0 days 1,760 sqft
    2024-01-01 0 days 1,697 sqft
    2024-02-01 0 days 1,655 sqft
    2024-03-01 0 days 1,772 sqft
    ELMIRA's median listing age (time on market) for 2024-03-01 was 0 days.

    ELMIRA's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 1,650 sqft.

    ELMIRA, NY Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    14805 Elmira, NY MSA $810 $810 $1,040 $1,330 $1,480
    14812 Elmira, NY MSA $770 $770 $990 $1,270 $1,410
    14814 Elmira, NY MSA $990 $1,000 $1,280 $1,640 $1,820
    14816 Elmira, NY MSA $860 $860 $1,110 $1,420 $1,580
    14824 Elmira, NY MSA $790 $800 $1,020 $1,310 $1,450
    14825 Elmira, NY MSA $730 $730 $940 $1,210 $1,340
    14830 Elmira, NY MSA $830 $830 $1,070 $1,370 $1,530
    14838 Elmira, NY MSA $820 $820 $1,050 $1,350 $1,500
    14845 Elmira, NY MSA $960 $960 $1,230 $1,580 $1,750
    14859 Elmira, NY MSA $780 $800 $1,010 $1,310 $1,430
    14861 Elmira, NY MSA $890 $900 $1,150 $1,480 $1,640
    14864 Elmira, NY MSA $860 $870 $1,110 $1,420 $1,580
    14867 Elmira, NY MSA $990 $1,060 $1,240 $1,580 $1,670
    14871 Elmira, NY MSA $950 $950 $1,220 $1,570 $1,740
    14872 Elmira, NY MSA $670 $670 $850 $1,120 $1,210
    14883 Elmira, NY MSA $950 $1,020 $1,230 $1,570 $1,670
    14889 Elmira, NY MSA $880 $880 $1,130 $1,450 $1,610
    14892 Elmira, NY MSA $690 $720 $920 $1,200 $1,300
    14894 Elmira, NY MSA $860 $870 $1,110 $1,420 $1,580
    14901 Elmira, NY MSA $690 $690 $890 $1,140 $1,270
    14902 Elmira, NY MSA $810 $810 $1,040 $1,330 $1,480
    14903 Elmira, NY MSA $770 $770 $990 $1,270 $1,410
    14904 Elmira, NY MSA $780 $780 $1,000 $1,280 $1,430
    14905 Elmira, NY MSA $820 $830 $1,060 $1,360 $1,510

    2022 Average & Median Rent Data Statistics
    ELMIRA, NY average 1BR rent: $842, median: $825
    ELMIRA, NY average 2BR rent: $1,070, median: $1,055
    ELMIRA, NY average 3BR rent: $1,374, median: $1,355

    ELMIRA, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 746 $128,910,000 $172,802
    Home Improvement 201 $9,695,000 $48,234
    Other 194 $10,930,000 $56,340
    Refi 99 $8,365,000 $84,495
    Cash Out Refi 86 $9,140,000 $106,279

    Elmira's most frequently cited loan purpose was Home Purchase, with 746 originations. The 2nd most popular reason was Home Improvement, with 201 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 593 $75,975,000 $128,120
    7-8% 288 $33,350,000 $115,799
    5-6% 222 $29,010,000 $130,676
    Over 8% 119 $18,715,000 $157,269
    <2.5% 41 $2,545,000 $62,073
    4-5% 12 $1,910,000 $159,167
    3-4% 1 $45,000 $45,000

    During 2023, Elmira's most frequently originated rate bucket was 6-7%, with 593 originations.

    Loan Sizing (ELMIRA, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 685 $36,145,000 $52,766
    $100k-200k 435 $60,935,000 $140,080
    $200k-400k 182 $47,930,000 $263,352
    $400k-600k 18 $8,710,000 $483,889
    $600k-1000k 5 $3,715,000 $743,000
    $Over $1MM 1 $9,605,000 $9,605,000

    ELMIRA's loan sizing saw the bucket of loans from $100,000 or less with 685 originations, totaling $36,145,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 554 $92,020,000 $166,101
    60-80% 233 $42,115,000 $180,751
    20-40% 218 $11,830,000 $54,266
    Under 20% 164 $4,720,000 $28,780
    40-60% 98 $8,880,000 $90,612
    Over 100% 9 $1,985,000 $220,556

    ELMIRA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 554 originations, totaling $92,020,000 in origination value.