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Chemung County, NY

Elmira

RANK #270 / 996 NAT  ·  #16 / 45 NY  ·  POP 83,584

1YR FORECAST: +1.1%

5YR OUTLOOK: +30%

#19 Most Affordable #28 Best Rental Yield
Our model projects above-average housing market growth for Chemung County at +1.1% over the next year.

[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] 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

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
Bachelor's Degree+
24.6%
of residents (national avg: 33%)

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] 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

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.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 73/100, Chemung County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.4%, and median household income stands at $61,358 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NY.

Is Chemung County affordable?

By national standards, Chemung County is quite affordable. Homes here have a median value of $128,200, and the income-to-home-value ratio of 0.48 is well above the U.S. average — especially with median rent at just $991/month. Residents can generally buy a home without being cost-burdened.

Is Chemung County growing or shrinking?

It's a mixed picture in Chemung County. The population is declining (-1.0% YoY), but employers are actually hiring — job growth is at +1.4%. Home values moved +1.5% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are many people relocating to Chemung County?

Not particularly — 1.91% of Chemung County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[09] Similar Counties by Size & Score

Onondaga County, NY 73 Wayne County, NY 73 Fulton County, NY 74 Ontario County, NY 74 Herkimer County, NY 72 Schenectady County, NY 72 Woodbury County, IA 73 Jefferson County, WV 73