Chemung County, New York Housing Market Prices
Chemung County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 81% below the New York median Cheaper than 87% of counties in New York$88,571
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Median rent 35% below the New York median$1,059
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chemung County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,571 | $471,885 | $248,835 |
| Price Trend (Annual %) | 1.2% | 7.1% | 7.5% |
| Median Gross Rent | $1,059 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chemung County is about 81% lower than in New York. Rent is about 35% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Chemung County, up about 1.2% and 4.9% a year respectively. Rent is changing faster.
Median rent in Chemung County rose about 48.6% between 2015 and 2024, from $712 to $1,059. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Chemung County.
Buying the median-priced home in Chemung County costs roughly 7.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chemung County. The price-to-rent ratio in New York is about 24.3.
| Metric | Chemung County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,571 | $471,885 | $248,835 |
| Median Household Income | $64,821 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.4 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chemung County fell about 6.8%, while median household income rose about 46.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chemung County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.5% | 48.8% | 58.5% |
| Rental Rate | 28.4% | 41.1% | 31.2% |
| Vacancy Rate | 10.2% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Chemung County has a homeownership rate of 61.5%, higher than the New York average of 48.8%. Its housing vacancy rate is 10.2%, compared with 10.1% in New York.
Housing Stock
| Metric | Chemung County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1957 | 1960 | 1978 |
| Median Number of Rooms | 6.0 | 5.0 | 5.5 |
The typical housing unit in Chemung County was built around 1957. On average, 2.2 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Chemung County, NY Housing Compared With Nearby Counties
Chemung County, NY is the 2nd largest of the 4 counties compared here, 82,147 residents against a local median of 59,858. Chemung County, NY's median home price, at $88,571, runs 24% below the $116,927 typical of the counties around it.
The counties themselves spread $50,338 on median home price, so Chemung County, NY sits at one end of an already wide local range rather than apart from it. Chemung County, NY has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chemung County, NY | 82,147 | $88,571 #3/4 | $1,059 #2/4 | 68.4% #3/4 |
| Tompkins County, NY | 103,844 | $116,927 | $1,408 | 54.2% |
| Bradford County, PA | 59,858 | $136,764 | $901 | 72.2% |
| Tioga County, NY | 47,858 | $86,426 | $928 | 79.1% |
Frequently Asked Questions
Common questions about the housing market in Chemung County, New York.
What is the median home price in Chemung County, New York?
The median home price in Chemung County, New York is $88,571, lower than the New York average of $471,885.
What is the average home price in Chemung County, New York?
The typical home price in Chemung County, New York, reported as the median sale price, is $88,571. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Chemung County, New York?
The median gross rent in Chemung County, New York is $1,059 per month, lower than the New York average of $1,621.
What was the median gross rent in Chemung County in 2020?
In 2020, the median gross rent in Chemung County, New York was $862 per month.
What is the price-to-rent ratio in Chemung County, New York?
The price-to-rent ratio in Chemung County, New York is about 7.0, meaning it would take roughly 7.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chemung County.
Are home prices or rent rising faster in Chemung County, New York?
Both home prices and rent are rising in Chemung County, up about 1.2% and 4.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Chemung County, New York?
61.5% of households in Chemung County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Chemung County, New York?
The housing vacancy rate in Chemung County, New York is 10.2%, higher than the New York average of 10.1%.
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