Elmira New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Elmira, NY (the Elmira metro area) was $757 in 2019 according to the Census ACS survey.1 Average gross rent in Elmira was $781 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Elmira median and average rent data will be released in September of 2021.
Data is also available below for Elmira rental vacancy rates, Elmira rent as a percent of median income and the fraction of renters in Elmira.
Real Gross Rent in Elmira New York (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New York Median Gross Rent | $1,309 | +0.93% | +4.72% |
| Elmira, NY Median Gross Rent | $757 | -6.31% | -7.34% |
Elmira, NY Real Gross Rent Trends
Median gross rent for Elmira peaked in real terms in 2017 at $845 and is now $88 (10.41%) lower. Average gross rent for Elmira peaked in real terms in 2017 at $848 and is now $67 (7.90%) lower.
Real Gross Rent in Elmira: Elmira NY Median, Elmira NY Average, New York Median, US Median
Real Gross Rent History for Elmira
| Date | US Median |
New York Median |
Elmira, NY Median |
Elmira, NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $757 | $781 |
| 2018 | $1,077 | $1,297 | $808 | $821 |
| 2017 | $1,043 | $1,264 | $845 | $848 |
| 2016 | $1,027 | $1,250 | $817 | $805 |
| 2015 | $1,017 | $1,244 | $796 | $805 |
| 2014 | $986 | $1,212 | $821 | $818 |
| 2013 | $953 | $1,168 | $713 | $758 |
| 2012 | $940 | $1,148 | $688 | $719 |
| 2011 | $941 | $1,143 | $741 | $737 |
| 2010 | $955 | $1,140 | $697 | $681 |
| 2009 | $960 | $1,121 | $743 | $759 |
| 2007 | $927 | $1,066 | $685 | $711 |
| 2005 | $910 | $1,051 | $708 | $681 |
Elmira Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Elmira New York was 12.92% according to Census ACS data.
Rental Vacancy Rate in Elmira New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Elmira, NY | 12.92% | — | — |
Trends in Elmira, NY Rental Vacancy Rate
At 12.92%, Elmira residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Elmira NY, New York, US
Historical Rental Vacancy Rate data for Elmira
| Date | US | New York | Elmira, NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 12.92% |
| 2018 | 6.15% | 4.20% | — |
| 2017 | 6.18% | 4.19% | 12.86% |
| 2016 | 5.89% | 4.42% | — |
| 2015 | 5.85% | 4.41% | 2.93% |
| 2014 | 6.32% | 4.34% | 9.33% |
| 2013 | 6.49% | 4.17% | 4.61% |
| 2012 | 6.77% | 4.34% | — |
| 2011 | 7.40% | 4.48% | — |
| 2010 | 8.17% | 5.03% | — |
| 2009 | 8.43% | 4.78% | — |
| 2007 | 7.87% | 4.70% | 7.57% |
| 2005 | 7.74% | 4.80% | — |
Rent as a Fraction of Income
Using median household income data for Elmira, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Elmira, median monthly gross rent as a fraction of median household income was 14.95% in 2019 according to the ACS.
Elmira New York Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New York | 21.78% | -0.75% | -0.99% |
| Elmira, NY | 14.95% | -3.03% | -3.31% |
Trends in Elmira, NY Rent as a Fraction of Income
The fraction of median Elmira household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.22%. Since then it has fallen by 4.28% to 14.95%.
Fraction of Income towards Rent: Elmira NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Elmira New York
| Date | US | New York | Elmira, NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 14.95% |
| 2018 | 20.50% | 22.53% | 17.98% |
| 2017 | 20.13% | 22.67% | 19.22% |
| 2016 | 20.43% | 22.78% | 18.26% |
| 2015 | 20.63% | 23.13% | 16.94% |
| 2014 | 20.89% | 23.40% | 18.59% |
| 2013 | 20.78% | 23.20% | 17.96% |
| 2012 | 20.65% | 22.94% | 16.89% |
| 2011 | 20.70% | 22.98% | 16.42% |
| 2010 | 20.50% | 22.60% | 15.72% |
| 2009 | 20.12% | 21.60% | 17.89% |
| 2007 | 18.66% | 20.34% | 17.56% |
| 2005 | 18.89% | 20.40% | 18.15% |
Renter Fraction in Elmira New York
You can calculate the renter fraction in Elmira in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Elmira as a fraction of total Elmira households. In 2019 28.12% of households were renters according to Census ACS data.
Elmira Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New York | 46.48% | +0.15% | -0.24% |
| Elmira, NY | 28.12% | -5.38% | -7.17% |
Trends in the Elmira, NY Renter Fraction
The Elmira household renter fraction peaked in in 2016 at 35.29% and is now 7.17% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Elmira NY, New York, US
History of Elmira Renter Fraction
| Date | US | New York | Elmira, NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 28.12% |
| 2018 | 36.05% | 46.33% | 33.50% |
| 2017 | 36.13% | 46.20% | 33.02% |
| 2016 | 36.88% | 46.72% | 35.29% |
| 2015 | 36.97% | 46.93% | 28.92% |
| 2014 | 36.90% | 47.02% | 31.40% |
| 2013 | 36.50% | 46.35% | 32.59% |
| 2012 | 36.09% | 46.35% | 29.82% |
| 2011 | 35.42% | 46.41% | 34.26% |
| 2010 | 34.65% | 45.75% | 32.89% |
| 2009 | 34.13% | 44.97% | 33.66% |
| 2007 | 32.80% | 44.48% | 32.37% |
| 2005 | 33.10% | 44.67% | 32.24% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
