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

Elmira Heights, NY has a median modeled monthly cash flow of $-113 and a median cap rate of 5.1%, on a median sold price of $138,500. Prices changed +20.6% year over year.

What is the average cap rate in Elmira Heights, NY?

The median cap rate across recently sold homes in Elmira Heights, NY is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elmira Heights, NY?

The median sold price in Elmira Heights, NY is $138,500 (about $96 per square foot).

Investing in Elmira Heights, NY Real Estate

A data-driven snapshot of the Elmira Heights, 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.

$138,500Median sold price

$96Median $/sqft

5.1%Median cap rate

$-113Modeled cash flow / mo

+20.6%Appreciation YoY

4.8Months of supply

20Active listings

50Sold (last 12 mo)

What the Elmira Heights numbers say

In Elmira Heights, NY, the median home sold for $138,500 (about $96 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-113 of monthly cash flow. Sold prices moved +20.6% over the past year. Inventory sits at about 4.8 months of supply. 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 Elmira Heights cash-flowing listings

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