ELMIRA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Elmira averaged
6.7%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.71% and
one month ago for the week of 2024-10-10, the
average rate was 6.04%.
Elmira's average rate one year ago was 7.32%.
For refis of the same type during the week of 2024-11-14, the average rate
was 7.08%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
Elmira 30 Year Fixed Rate | 2024-11-14 | 6.7% |
Elmira 30 Year Fixed Rate Refi | 2024-11-14 | 7.08% |
Elmira 15 Year Fixed Rate | 2024-11-14 | 5.79% |
Elmira 15 Year Fixed Rate Refi | 2024-11-14 | 5.89% |
Elmira 30 Year FHA | 2024-11-14 | -0.18% |
Elmira 30 Year FHA Refi | 2024-11-14 | 0.1% |
Elmira 30 Year USDA | 2024-11-14 | 0.1% |
Elmira 30 Year USDA Refi | 2024-11-14 | -0.2% |
Elmira 30 Year VA | 2024-11-14 | 0% |
Elmira 30 Year VA Refi | 2024-11-14 | 0.1% |
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.).
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. LouisDate | 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 |
2024-04-01 | $188,725 (18.0%) | $252,544 (10.7%) | 0.00 | 93 |
2024-05-01 | $187,000 (24.7%) | $249,810 (10.1%) | 0.00 | 101 |
2024-06-01 | $202,000 (30.3%) | $262,103 (12.8%) | 0.00 | 123 |
2024-07-01 | $185,975 (10.4%) | $245,891 (4.0%) | 0.00 | 145 |
2024-08-01 | $174,900 (14.4%) | $229,751 (4.3%) | 0.00 | 154 |
2024-09-01 | $169,475 (2.8%) | $222,672 (-5.7%) | 0.00 | 172 |
2024-10-01 | $162,450 (-4.3%) | $208,830 (-13.2%) | 0.00 | 180 |
ELMIRA's median listing price comes in at 0% of the national average.
ELMIRA's average listing price for 2024-10-01 was $208,830, a difference of $-31,754 (-13.2%) versus the prior year and $-13,842 versus the prior month.
For the 2024-10-01 period, ELMIRA had 180 MLS listings, a difference of 8 listings (5%) versus the prior month and 37 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - ELMIRA (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-04-01 | 0 days | 1,874 sqft |
2024-05-01 | 0 days | 1,716 sqft |
2024-06-01 | 0 days | 1,802 sqft |
2024-07-01 | 0 days | 1,728 sqft |
2024-08-01 | 0 days | 1,679 sqft |
2024-09-01 | 0 days | 1,661 sqft |
2024-10-01 | 0 days | 1,646 sqft |
ELMIRA's median square footage for active listings during the 2024-10-01 period was 1,646 sqft. One year prior, the average listing was 1,804 sqft.
ELMIRA, NY Average Rent (2023)
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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.