ELMIRA Mortgage Rates & Closing Costs

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  • Trends
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Elmira averaged 6.58% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.52% and one month ago for the week of 2023-08-10, the average rate was 6.46%.

    Elmira's average rate one year ago was 5.49%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Elmira 30 Year Fixed Rate 2023-09-14 6.58%
    Elmira 30 Year Fixed Rate Refi 2023-09-14 7.28%
    Elmira 15 Year Fixed Rate 2023-09-14 6.45%
    Elmira 15 Year Fixed Rate Refi 2023-09-14 6.91%
    Elmira 30 Year FHA 2023-09-14 6.31%
    Elmira 30 Year FHA Refi 2023-09-14 7.09%
    Elmira 30 Year USDA 2023-09-14 7.08%
    Elmira 30 Year USDA Refi 2023-09-14 7.08%
    Elmira 30 Year VA 2023-09-14 6.6%
    Elmira 30 Year VA Refi 2023-09-14 6.61%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CORNING 91 4.75% $3,789
    Community Bank 68 5.56% $1,344
    FIRST HERITAGE FEDERAL CREDIT UNION 57 4.61% $2,744
    MOVEMENT MORTGAGE, LLC 38 4.92% $4,880
    QUICKEN LOANS, LLC 33 5.23% $6,476
    Chemung Canal Trust Company 31 4.56% $1,501
    Elmira Savings Bank 26 3.49% $2,177
    VISIONS 23 4.05% $3,077
    1ST PRIORITY MORTGAGE, INC. 19 5.43% $3,815
    Five Star Bank 15 4.28% $2,991
    PARAGON HOME LOANS INC. 15 5.29% $3,401
    Premium Mortgage Corporation 11 4.90% $3,688
    M&T Bank 11 4.98% $4,266
    Wells Fargo Bank 8 4.75% $4,749
    Citizens Bank 8 4.22% $4,170
    Citizens & Northern Bank 8 5.44% $4,558
    Empower Federal Credit Union 7 4.00% $3,923
    CFCU Community Credit Union 5 3.60% $571
    UNITED WHOLESALE MORTGAGE, LLC 5 5.42% $7,169
    Tompkins Trust Company 5 3.45% $3,287
    KeyBank 4 4.16% $5,014
    JPMorgan Chase Bank 4 4.59% $5,333
    FREEDOM MORTGAGE CORPORATION 3 5.92% $5,954
    TD Bank 3 4.54% $4,230
    BETTER MORTGAGE CORPORATION 2 4.81% $5,808
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.06% $3,600
    NAVY FEDERAL CREDIT UNION 2 6.06% $4,875
    NBT Bank 2 4.94% $5,402
    Genesee Regional Bank 2 5.50% $4,129
    ROYAL UNITED MORTGAGE LLC 2 5.38% $4,818
    SEFCU SERVICES, LLC 2 3.19% $2,493
    Mr. Cooper ( Nationstar Mortgage ) 2 5.50% $6,118
    The Lyons National Bank 2 5.50% $11,083
    The Federal Savings Bank 1 6.63% $10,971
    USAA Federal Savings Bank 1 6.88% $6,154
    U.S. Bank 1 3.00% $5,275
    US MORTGAGE CORPORATION 1 3.99% $7,398
    Alternatives Federal Credit Union 1 2.50% $2,700
    21ST MORTGAGE CORPORATION 1 6.80% $7,606
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.63% $5,302
    First Horizon Bank 1 6.50% $6,840
    HOMESTEAD FUNDING CORP. 1 4.75% $3,258
    Mortgage Research Center, LLC 1 5.88% $1,838
    Bethpage Federal Credit Union 1 3.38% $6,235
    North American Savings Bank, F.S.B. 1 4.88% $3,985
    Northwest Bank 1 3.88% $7,227
    Bank of America 1 4.88% $7,660
    PENNYMAC LOAN SERVICES, LLC 1 6.63% $4,756
    PENTAGON FEDERAL CREDIT UNION 1 3.88% $2,729
    PLAZA HOME MORTGAGE, INC. 1 3.88% $5,663
    PNC Bank 1 6.00% $3,410
    PREMIA MORTGAGE, LLC 1 5.25% $0
    Armed Forces Bank 1 7.25% $6,626
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $10,981
    AMERICU Credit Union 1 3.13% $9,022

    ELMIRA Average Closing Costs & Other Stats

    ELMIRA, NY's 55 lenders originated 1,700 loans during 2022. The total origination value was $291,250,000, with an average loan value of $171,324.

    ELMIRA's average closing costs are $3,845.

    The top ELMIRA lender as defined by loan originations is CORNING, with 91 loans originated. Their average total fees are $3,789, which is $2,445 higher than the next largest lender, Community Bank.

    The lowest fee ELMIRA lenders (with over 10 loans originated) are Community Bank ($1,344), Chemung Canal Trust Company ($1,501), Elmira Savings Bank ($2,177), FIRST HERITAGE FEDERAL CREDIT UNION ($2,744) and Five Star Bank ($2,991).

    The lowest rate ELMIRA lenders (with over 10 loans originated) are Elmira Savings Bank (3.49%), VISIONS (4.05%), Five Star Bank (4.28%), Chemung Canal Trust Company (4.56%) and FIRST HERITAGE FEDERAL CREDIT UNION (4.61%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $69,575,000 n/a 23.9%
    CORNING $51,670,000 $40,545,000 -21.5% 13.9%
    MOVEMENT MORTGAGE, LLC $11,735,000 $19,340,000 64.8% 6.6%
    FIRST HERITAGE FEDERAL CREDIT UNION $20,920,000 $17,820,000 -14.8% 6.1%
    Community Bank $7,875,000 $17,435,000 121.4% 6.0%
    QUICKEN LOANS, LLC $23,930,000 $12,220,000 -48.9% 4.2%
    Chemung Canal Trust Company $14,525,000 $9,960,000 -31.4% 3.4%
    Elmira Savings Bank $44,395,000 $8,370,000 -81.1% 2.9%
    VISIONS $11,470,000 $7,860,000 -31.5% 2.7%
    PARAGON HOME LOANS INC. $8,395,000 $7,355,000 -12.4% 2.5%
    FREEDOM MORTGAGE CORPORATION $10,440,000 $6,105,000 -41.5% 2.1%
    WALKER & DUNLOP, LLC $18,255,000 $6,005,000 -67.1% 2.1%
    M&T Bank $3,935,000 $5,315,000 35.1% 1.8%
    Tompkins Trust Company $440,000 $5,200,000 1,081.8% 1.8%
    Citizens & Northern Bank $5,425,000 $5,145,000 -5.2% 1.8%
    Wells Fargo Bank $3,730,000 $5,115,000 37.1% 1.8%
    1ST PRIORITY MORTGAGE, INC. $3,640,000 $4,075,000 12.0% 1.4%
    Mortgage Research Center, LLC $3,565,000 $2,915,000 -18.2% 1.0%
    Tioga State Bank $2,890,000 $2,295,000 -20.6% 0.8%
    Premium Mortgage Corporation $415,000 $2,290,000 451.8% 0.8%
    Five Star Bank $3,740,000 $2,140,000 -42.8% 0.7%
    Citizens Bank $1,325,000 $1,895,000 43.0% 0.7%
    Empower Federal Credit Union $2,070,000 $1,885,000 -8.9% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,855,000 $1,675,000 -41.3% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $785,000 $1,490,000 89.8% 0.5%
    SERVU FEDERAL CREDIT UNION $1,725,000 $1,465,000 -15.1% 0.5%
    GREYSTONE SERVICING COMPANY LLC $1,265,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $1,175,000 $1,205,000 2.6% 0.4%
    CFCU Community Credit Union $805,000 $1,180,000 46.6% 0.4%
    NBT Bank $45,000 $1,175,000 2,511.1% 0.4%
    KeyBank $585,000 $1,050,000 79.5% 0.4%
    JPMorgan Chase Bank $770,000 $1,040,000 35.1% 0.4%
    PREMIA MORTGAGE, LLC $1,305,000 $1,030,000 -21.1% 0.4%
    USAA Federal Savings Bank $985,000 $975,000 -1.0% 0.3%
    Barrington Bank & Trust Company, N.A. $930,000 $935,000 0.5% 0.3%
    Bank of America $415,000 $820,000 97.6% 0.3%
    The Lyons National Bank $775,000 n/a 0.3%
    SEFCU SERVICES, LLC $175,000 $700,000 300.0% 0.2%
    TD Bank $1,650,000 $655,000 -60.3% 0.2%
    21ST MORTGAGE CORPORATION $425,000 $650,000 52.9% 0.2%
    Northwest Bank $600,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $445,000 $475,000 6.7% 0.2%
    NEWREZ LLC $770,000 $455,000 -40.9% 0.2%
    First Horizon Bank $445,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $405,000 $435,000 7.4% 0.1%
    U.S. Bank $525,000 $425,000 -19.0% 0.1%
    CALIBER HOME LOANS, INC. $245,000 $390,000 59.2% 0.1%
    Genesee Regional Bank $85,000 $370,000 335.3% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $370,000 $350,000 -5.4% 0.1%
    BETTER MORTGAGE CORPORATION $880,000 $340,000 -61.4% 0.1%
    First Home Bank $335,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $315,000 n/a 0.1%
    Ardent Federal Credit Union $255,000 $300,000 17.6% 0.1%
    North American Savings Bank, F.S.B. $195,000 $270,000 38.5% 0.1%
    Financial Trust $265,000 n/a 0.1%
    Armed Forces Bank $245,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $245,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $1,365,000 $245,000 -82.1% 0.1%
    PS Bank $35,000 $225,000 542.9% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $220,000 n/a 0.1%
    Alternatives Federal Credit Union $215,000 $215,000 0.0% 0.1%
    The Federal Savings Bank $605,000 $205,000 -66.1% 0.1%
    HOMESTEAD FUNDING CORP. $495,000 $200,000 -59.6% 0.1%
    RELIANCE FIRST CAPITAL, LLC $125,000 $195,000 56.0% 0.1%
    UNITED MORTGAGE CORP. $165,000 $195,000 18.2% 0.1%
    AMERICU Credit Union $230,000 $185,000 -19.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $175,000 n/a 0.1%
    PNC Bank $125,000 $175,000 40.0% 0.1%
    STATE EMPLOYEES FEDERAL CREDIT UNION $125,000 $175,000 40.0% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $175,000 n/a 0.1%
    LOANDEPOT.COM, LLC $2,070,000 $170,000 -91.8% 0.1%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $105,000 $165,000 57.1% 0.1%
    LENDINGHOME FUNDING CORPORATION $160,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $1,540,000 $155,000 -89.9% 0.1%
    A&D Mortgage LLC $145,000 n/a 0.0%
    HUNT MORTGAGE CORPORATION $145,000 n/a 0.0%
    EMBRACE HOME LOANS, INC. $300,000 $135,000 -55.0% 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $135,000 n/a 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $135,000 n/a 0.0%
    US MORTGAGE CORPORATION $75,000 $135,000 80.0% 0.0%
    VELOCITY COMMERCIAL CAPITAL, LLC $565,000 $135,000 -76.1% 0.0%
    Bank of England $230,000 $125,000 -45.7% 0.0%
    Flagstar Bank, FSB $125,000 n/a 0.0%
    Bethpage Federal Credit Union $115,000 n/a 0.0%
    Carrington Mortgage Services, LLC $485,000 $115,000 -76.3% 0.0%
    HOME POINT FINANCIAL CORPORATION $110,000 $115,000 4.5% 0.0%
    KELLER MORTGAGE, LLC $115,000 n/a 0.0%
    The Canandaigua National Bank and Trust Company $115,000 n/a 0.0%
    AMERICAN HERITAGE LENDING, INC. $105,000 n/a 0.0%
    Meridian Bank Corporation $105,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $150,000 $105,000 -30.0% 0.0%
    PENNYMAC LOAN SERVICES, LLC $95,000 n/a 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $195,000 $85,000 -56.4% 0.0%
    Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.0%
    First Citizens Community Bank $595,000 $75,000 -87.4% 0.0%
    Discover Bank $90,000 $65,000 -27.8% 0.0%
    Farm Credit East, ACA $415,000 $55,000 -86.7% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $45,000 $55,000 22.2% 0.0%
    Advantage Federal Credit Union $45,000 n/a 0.0%
    BayCoast Bank $25,000 n/a 0.0%
    First National Bank of America $25,000 n/a 0.0%

    ELMIRA's top lender by overall market share is BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC, with 23.9% market share. In second place, with 13.9%, is CORNING, having originated $40,545,000 in loans. In third place, with 6.6%, is MOVEMENT MORTGAGE, LLC, having originated $19,340,000 in loans. In fourth place, with 6.1%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $17,820,000 in loans. In fifth place, with 6.0%, is Community Bank, having originated $17,435,000 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 $102,425 (-19.2%) $154,850 (-4.4%) 0.00 337
    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 (12.6%) 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 $159,225 (8.9%) $193,112 (-1.8%) 0.00 181
    2021-09-01 $150,925 (7.9%) $190,335 (-1.8%) 0.00 163
    2021-10-01 $148,950 (13.7%) $191,107 (0.5%) 0.00 149
    2021-11-01 $139,450 (5.6%) $182,643 (-4.9%) 0.00 146
    2021-12-01 $124,825 (-3.9%) $174,621 (-4.3%) 0.00 141
    2022-01-01 $124,000 (-4.5%) $181,057 (-0.2%) 0.00 117
    2022-02-01 $116,950 (-10.4%) $181,752 (-7.2%) 0.00 105
    2022-03-01 $97,000 (-29.7%) $167,455 (-14.9%) 0.00 115
    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 (-16.5%) $207,495 (7.5%) 0.00 148
    2022-09-01 $143,725 (-4.8%) $211,342 (11.0%) 0.00 161
    2022-10-01 $149,950 (0.7%) $211,089 (10.5%) 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 (32.9%) 0.00 143
    2023-01-01 $166,600 (34.4%) $211,885 (17.0%) 0.00 119
    2023-02-01 $154,675 (32.3%) $199,728 (9.9%) 0.00 104
    2023-03-01 $149,600 (54.2%) $204,856 (22.3%) 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
    ELMIRA's median listing price for 2023-08-01 was $152,950, a difference of $19,975 (15.0%) versus the prior year and $-15,550 versus the prior month.

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

    ELMIRA's average listing price for 2023-08-01 was $220,264, a difference of $12,769 (6.2%) versus the prior year and $-16,179 versus the prior month.

    For the 2023-08-01 period, ELMIRA had 133 MLS listings, a difference of 21 listings (19%) versus the prior month and -15 listings (-10%) 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 1,588 sqft
    2018-06-01 0 days 1,636 sqft
    2018-07-01 0 days 1,660 sqft
    2018-08-01 0 days 1,674 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 1,805 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 1,589 sqft
    2022-02-01 0 days 1,605 sqft
    2022-03-01 0 days 1,594 sqft
    2022-04-01 0 days 1,635 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
    ELMIRA's median listing age (time on market) for 2023-08-01 was 0 days.

    ELMIRA's median square footage for active listings during the 2023-08-01 period was 1,792 sqft. One year prior, the average listing was 1,693 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 $740 $740 $940 $1,240 $1,330
    14812 Elmira, NY $690 $690 $880 $1,160 $1,250
    14814 Elmira, NY $930 $940 $1,190 $1,560 $1,690
    14816 Elmira, NY $810 $820 $1,040 $1,360 $1,470
    14824 Elmira, NY $770 $770 $980 $1,290 $1,390
    14825 Elmira, NY $750 $760 $960 $1,260 $1,360
    14830 Elmira, NY $760 $760 $970 $1,280 $1,380
    14838 Elmira, NY $810 $810 $1,030 $1,350 $1,460
    14845 Elmira, NY $860 $870 $1,100 $1,450 $1,560
    14859 Elmira, NY $690 $710 $900 $1,190 $1,300
    14861 Elmira, NY $780 $790 $1,000 $1,310 $1,420
    14864 Elmira, NY $760 $760 $970 $1,280 $1,380
    14867 Elmira, NY $890 $950 $1,150 $1,460 $1,640
    14871 Elmira, NY $840 $850 $1,080 $1,420 $1,530
    14872 Elmira, NY $660 $660 $840 $1,100 $1,160
    14883 Elmira, NY $890 $950 $1,150 $1,460 $1,640
    14889 Elmira, NY $770 $780 $990 $1,300 $1,400
    14892 Elmira, NY $660 $660 $840 $1,100 $1,200
    14894 Elmira, NY $770 $770 $980 $1,290 $1,390
    14901 Elmira, NY $660 $660 $840 $1,100 $1,190
    14902 Elmira, NY $740 $740 $940 $1,240 $1,330
    14903 Elmira, NY $750 $760 $960 $1,260 $1,360
    14904 Elmira, NY $690 $690 $880 $1,160 $1,250
    14905 Elmira, NY $750 $760 $960 $1,260 $1,360

    2022 Average & Median Rent Data Statistics
    ELMIRA, NY average 1BR rent: $777, median: $760
    ELMIRA, NY average 2BR rent: $982, median: $970
    ELMIRA, NY average 3BR rent: $1,287, median: $1,280

    ELMIRA, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 939 $141,005,000 $150,165
    Home Improvement 208 $14,680,000 $70,577
    Refi 189 $32,415,000 $171,508
    Other 184 $10,350,000 $56,250
    Cash Out Refi 180 $92,800,000 $515,556

    Elmira's most frequently cited loan purpose was Home Purchase, with 939 originations. The 2nd most popular reason was Home Improvement, with 208 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 443 $53,675,000 $121,163
    4-5% 405 $59,315,000 $146,457
    5-6% 382 $57,140,000 $149,581
    6-7% 135 $18,635,000 $138,037
    2.5-3% 110 $11,020,000 $100,182
    <2.5% 108 $10,280,000 $95,185
    7-8% 53 $5,715,000 $107,830
    Over 8% 16 $1,190,000 $74,375

    During 2022, Elmira's most frequently originated rate bucket was 3-4%, with 443 originations.

    Loan Sizing (ELMIRA, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 822 $46,510,000 $56,582
    $100k-200k 613 $86,965,000 $141,868
    $200k-400k 229 $59,105,000 $258,100
    $400k-600k 29 $13,295,000 $458,448
    $Over $1MM 6 $84,630,000 $14,105,000
    $600k-1000k 1 $745,000 $745,000

    ELMIRA's loan sizing saw the bucket of loans from $100,000 or less with 822 originations, totaling $46,510,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 745 $116,975,000 $157,013
    60-80% 386 $61,290,000 $158,782
    20-40% 202 $10,960,000 $54,257
    Under 20% 173 $5,055,000 $29,220
    40-60% 129 $19,245,000 $149,186
    Over 100% 13 $2,805,000 $215,769

    ELMIRA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 745 originations, totaling $116,975,000 in origination value.