Rental numbers for the Elmira, NY metro
The typical home here runs -$554 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro 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
- -$554/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 the metro
16 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 |
| 14824Cayuta | $176,000 | $1,580* | 10.8% | 4.9% | -$238 | 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
- 2.38%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $130,905 | n/a |
| Aug 2022 | $143,219 | n/a |
| Aug 2023 | $147,144 | n/a |
| Aug 2024 | $154,863 | $980 |
| Aug 2025 | $156,199 | $1,036 |
| Aug 2026 | $165,852 | $1,129 |
Counties
- Chemung County, NY7.4% median yield
- Schuyler County, NYn/a median yield
Tools
Questions
- Is the Elmira, NY metro good for rental property?
- The typical home here runs -$554 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.4%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Elmira, NY metro have the highest rental yield?
- 14901 (Elmira) at 13.1%, 14905 (Elmira) at 7.4%, 14845 (Horseheads) at 7.2%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.