Is Elma, NY a good place to invest in rental property?

Elma, NY has a median modeled monthly cash flow of $-1,410 and a median cap rate of 2.1%, on a median sold price of $422,500. Prices changed +22.6% year over year.

What is the average cap rate in Elma, NY?

The median cap rate across recently sold homes in Elma, NY is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elma, NY?

The median sold price in Elma, NY is $422,500 (about $244 per square foot).

Investing in Elma, NY Real Estate

A data-driven snapshot of the Elma, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$422,500Median sold price

$244Median $/sqft

2.1%Median cap rate

$-1,410Modeled cash flow / mo

+22.6%Appreciation YoY

8.1Months of supply

33Active listings

49Sold (last 12 mo)

What the Elma numbers say

In Elma, NY, the median home sold for $422,500 (about $244 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-1,410 of monthly cash flow. Sold prices moved +22.6% over the past year. Inventory sits at about 8.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Elma cash-flowing listings

CashFlowRE ranks every for-sale home in Elma, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elma deals, or browse the national market data.