ELMIRA Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
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
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 for 2024-10-01 was $162,450, a difference of $-7,225 (-4.3%) versus the prior year and $-7,025 versus the prior month.

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. 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
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 listing age (time on market) for 2024-10-01 was 0 days.

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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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.