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Chemung County, NY

RANK #568 / 996  ·  POP 83,584  ·  NY

PROJECTED GROWTH: +0.5%

Chemung County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Chemung County?

Chemung County, located in the Southern Tier of Central New York State, is known as "Mark Twain Country" because the author spent over 20 summers writing in Elmira. The county seat, Elmira, is also recognized as the "Soaring Capital of America," with Harris Hill hosting national soaring competitions since 1930. Situated along the Pennsylvania border, Chemung County is considered the "Gateway to the Finger Lakes" region, offering scenic drives through rolling hills. Commuting options within the county include local bus routes serving Elmira and Horseheads, with some extending to nearby cities like Corning and Ithaca. Outdoor recreation opportunities abound, with numerous parks, nature preserves like Tanglewood Nature Center, and trails for hiking and other activities.

Life in Chemung County offers a suburban-rural feel, with many residents owning their homes. The community is characterized by a friendly, down-to-earth atmosphere and a strong sense of togetherness, evident in local events. Public schools in towns like Horseheads, Elmira, and Big Flats are generally well-regarded. The economy is experiencing revitalization, with public and private investments expanding housing options and improving business districts. Efforts are underway to develop a strategic economic plan that considers workforce, housing, and quality of place. The Chemung County Industrial Development Agency provides incentives for projects that positively impact the local economy, including support for industrial infrastructure.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
+1.5%

Above national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Chemung County U.S. National

The Numbers

DEMOGRAPHICS
Population
83,584
-1.03% YoY
Median Household Income
$61,358
Median Home Value
$128,200
+1.48% 12mo
Median Rent
$991
Average Annual Pay
$61,216
+3.8% YoY
Employment
33,739
+1.4% YoY
Income-to-Home-Value
0.4786
More affordable than average
Migration Inflow
1.91%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$157,450
Days on Market
96
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
97.4%
Negotiation room for buyers
Sold Above List
27.1%
Listings w/ Price Drops
15.3%
Building Permits (2024)
93
Single-Family Permits
26

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$550M
TOTAL
PROJECT AMOUNT STATUS
Southern Tier CO2 to Clean Energy Solutions (STS) - Natural Gas & Carbon Capture Hub
Southern Tier CO2 to Clean Energy Solutions LLC
$500M Proposed
Community Solar Portfolio (Multiple Projects)
Various (Generate Capital, Altus Power America Management, LLC, etc.)
$50M Operating/Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.3% 42 percentile
Population Growth -1.0% 3 percentile
Income Growth +5.5% 5 percentile
Vacancy Rate 1.2% 42 percentile
Home Price Change +1.5% 52 percentile
Rent Growth +1.8% 31 percentile
Price/Rent 9x 97 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Chemung County, NY a good place to move to?

Chemung County has a Boom Town Index score of 43/100, ranking #568 among 996 U.S. counties. With job growth at +1.4% and a median household income of $61,358, it faces some economic headwinds compared to faster-growing counties.

Is Chemung County affordable?

The median home value in Chemung County is $128,200 with median rent at $991/month. The income-to-home-value ratio is 0.4786, which is more affordable than the national average.

Is Chemung County growing or shrinking?

Population growth: -1.0% year-over-year. Job growth: +1.4%. Home values changed +1.5% in the past 12 months.

[08] Similar Metros

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