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

Elmira, NY has a median modeled monthly cash flow of $285 and a median cap rate of 9.8%, on a median sold price of $109,500. Prices changed -12.6% year over year.

What is the average cap rate in Elmira, NY?

The median cap rate across recently sold homes in Elmira, NY is 9.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elmira, NY?

The median sold price in Elmira, NY is $109,500 (about $62 per square foot).

Investing in Elmira, NY Real Estate

#84 cash-flow market in the U.S.

A data-driven snapshot of the Elmira, 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.

$109,500Median sold price

$62Median $/sqft

9.8%Median cap rate

$285Modeled cash flow / mo

-12.6%Appreciation YoY

12.1Months of supply

301Active listings

298Sold (last 12 mo)

What the Elmira numbers say

In Elmira, NY, the median home sold for $109,500 (about $62 per square foot), and the typical deal models out to a 9.8% cap rate with a median $285 of monthly cash flow. Sold prices moved -12.6% over the past year. Inventory sits at about 12.1 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.

🔨 See 3 fix-and-flip deals in Elmira — listings where the estimated after-repair value beats list price + rehab.

Other New York markets to compare

See Elmira cash-flowing listings

CashFlowRE ranks every for-sale home in Elmira, 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 Elmira deals, or browse the national market data.