Rental numbers for Chemung County, NY
The typical home here runs -$563 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.4%.
- Gross yield
- 8.2%
- typical home, Zillow
- Median ZIP yield
- 7.4%
- 3 ZIPs with full data
- Cash flow
- -$563/mo
- at 7.78%, 25% down
- Typical price
- $166,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,129/mo
- Zillow ZORI, Aug 2026
ZIP codes in Chemung County
15 with published figures
| 14904Elmira | $107,000 | $1,260* | 14.2% | 6.6% | +$8 | n/a |
| 14901Elmira | $115,000 | $1,255 | 13.1% | 5.8% | -$62 | n/a |
| 14864Millport | $177,000 | $1,530* | 10.4% | 4.8% | -$247 | n/a |
| 14894Wellsburg | $168,000 | $1,420* | 10.2% | 3.2% | -$453 | n/a |
| 14861Lowman | $175,000 | $1,360* | 9.3% | 3.8% | -$394 | n/a |
| 14903Elmira | $166,000 | $1,170* | 8.5% | 2.4% | -$568 | n/a |
| 14889Van Etten | $188,000 | $1,310* | 8.3% | 3.1% | -$529 | n/a |
| 14825Chemung | $174,000 | $1,160* | 8.0% | 3.0% | -$499 | n/a |
| 14816Breesport | $190,000 | $1,250* | 7.9% | 2.9% | -$567 | n/a |
| 14872Pine Valley | $178,000 | $1,160* | 7.8% | 2.2% | -$636 | n/a |
| 14871Pine City | $208,000 | $1,350* | 7.8% | 2.5% | -$690 | n/a |
| 14905Elmira | $184,000 | $1,136 | 7.4% | 1.8% | -$710 | n/a |
| 14845Horseheads | $229,000 | $1,378 | 7.2% | 2.2% | -$814 | n/a |
| 14838Erin | $206,000 | $1,160* | 6.8% | 1.5% | -$860 | n/a |
| 14814Big Flats | $270,000 | $1,450* | 6.4% | 1.1% | -$1,196 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +6.2%
- Rent, 12 months
- +9.0%
- Rent minus price growth
- +2.8 pts
- Property tax
- 2.45%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $130,890 | n/a |
| Aug 2022 | $143,213 | n/a |
| Aug 2023 | $147,158 | n/a |
| Aug 2024 | $154,883 | $980 |
| Aug 2025 | $156,213 | $1,036 |
| Aug 2026 | $165,850 | $1,129 |
HUD Fair Market Rent
FY2027, Elmira, NY MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,020 | $1,030 | $1,348 | $1,643 | $1,793 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 3.3
- 117 units, last 12 months
- National percentile
- 37th
- among US counties
Tools
Test a listing in Chemung County against today's rate.
Open the calculatorPart of the Elmira, NY metro.
Questions
- Is Chemung County good for rental property?
- The typical home here runs -$563 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Chemung County?
- About 2.45% of value, from Census ACS median taxes paid over median home value. On a $166,000 home that is about $4,057 a year.
- What is Fair Market Rent in Chemung County?
- HUD's FY2027 Fair Market Rent here is $1,030 for a 1-bedroom, $1,348 for a 2-bedroom and $1,643 for a 3-bedroom. Typical cash flow at today's rate is -$563 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.