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Chemung County, NY

RANK #59 / 1001 NAT  ·  #2 / 45 NY  ·  POP 82,147

1YR FORECAST: +3.0%

5YR OUTLOOK: +38%

#11 Best for Investment #15 Best Rental Yield #18 Most Affordable
Our model projects Chemung County's housing market to grow +3.0% over the next year, significantly outpacing the national average.

[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.

MARKET PROFILE

Idiosyncratic Markets

Chemung County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +4.1% YoY, population -0.8%, wages +4.3%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
5.4x

Below national median (11.3x)

Home Prices
+4.1%

Outpacing national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 5.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Arnot Health Healthcare
    1,000+
  2. 2
    CVS Caremark Corporation Retail
    500+
  3. 3
    Wayfair Retail
    250+
  4. 4
    Chemung County Government Government
  5. 5
    Elmira City School District Education
  6. 6
    Chemung Canal Trust Company Finance
  7. 7
    Nucor Vulcraft/Verco Group Manufacturing
  8. 8
    Anchor Glass Container Corporation Manufacturing
  9. 9
    CAF USA Manufacturing
  10. 10
    Hardinge Incorporated Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Chemung County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
82,147
-0.79% YoY
Median Household Income
$63,716
Median Home Value
$141,100
+4.08% 12mo
Median Rent
$1,059
Average Annual Pay
$63,837
+4.3% YoY
Employment
33,486
-0.7% YoY
Income-to-Home-Value
0.4516
More affordable than average
Migration Inflow
2.24%
of pop. from another state
Bachelor's Degree+
27.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$144,330
Days on Market
82
Slower market
Months of Supply
4.8
Balanced market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
28.3%
Listings w/ Price Drops
13.7%
Building Permits (2025)
98
Single-Family Permits
33

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

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.3
per 100K · nat avg 6.3
Firearm Fatalities
8.2
per 100K · nat avg 14.8
Injury Deaths
95.0
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] Score Breakdown

Population Growth -0.8% 2 percentile
Income Growth +0.4% 10 percentile
Vacancy Rate 1.4% 20 percentile
Home Price Change +4.1% 78 percentile
Rent Growth +6.8% 90 percentile
Price/Rent 9x 99 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

Chemung County ranks #59 out of 1001 U.S. counties on the Boom Town Index with a score of 94/100. The composite score reflects long-term strength — housing, income, and migration patterns — but near-term hiring is soft (employment is down 0.7% year-over-year). Median household income here is $63,716.

Is Chemung County affordable?

By national standards, Chemung County is quite affordable. Homes here have a median value of $141,100, and the income-to-home-value ratio of 0.45 is well above the U.S. average — especially with median rent at just $1,059/month. Residents can generally buy a home without being cost-burdened.

Is Chemung County growing or shrinking?

Chemung County is losing population (-0.8% YoY) while the job market is essentially flat (-0.7% employment change). Home values are +4.1% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Chemung County?

There's a moderate stream of newcomers. About 2.24% of residents moved from another state, which is above average and suggests Chemung County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Madison County, NY 92 Cattaraugus County, NY 92 Bronx County, NY 92 Oswego County, NY 97 Broome County, NY 90 Jefferson County, NY 90 Lawrence County, PA 94 Cole County, MO 94