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Steuben County, NY

RANK #847 / 996  ·  POP 93,584  ·  NY

PROJECTED GROWTH: -1.0%

Steuben County is losing people and economic momentum. This metro faces significant structural headwinds.

[01] Why Steuben County?

Steuben County, New York, is perhaps best known for the world-renowned Corning Museum of Glass, a major cultural attraction in the city of Corning. Located in the Southern Tier region, bordering Pennsylvania, the county is about an hour and a half southeast of Rochester. It offers a blend of small towns, historic sites, and natural scenery, characterized by rolling hills and valleys. Public transportation options, including local bus services, are available within the county. Life in Steuben County is often described as peaceful and rural, appealing to those seeking a slower pace with access to nature. The economy is diverse, with manufacturing, healthcare, education, and agriculture playing significant roles. Corning Incorporated, a global leader in materials science, is headquartered in the city of Corning and is a major employer. Recent economic developments have focused on strengthening infrastructure and expanding energy and broadband services, alongside efforts to support workforce development and housing initiatives. The county also emphasizes career-connected learning opportunities through partnerships with educational institutions.

[02] Market Snapshot

Housing Ratio
2.4x

Undervalued relative to economy

GDP Growth
+0.5%

Well below national median

Home Prices
+0.1%

Well below national median

Climate & Terrain
-0.8

Below-average climate & terrain

Price/Rent
8x

Strong rental yield

Housing looks undervalued at 2.4x — 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

Steuben County U.S. National

The Numbers

DEMOGRAPHICS
Population
93,584
-0.6% YoY
Median Household Income
$62,506
Median Home Value
$121,000
+0.11% 12mo
Median Rent
$832
Average Annual Pay
$72,111
+2.0% YoY
Employment
34,564
-1.1% YoY
Income-to-Home-Value
0.5166
More affordable than average
Migration Inflow
2.45%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$159,500
Days on Market
56
Moderate pace
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
96.8%
Negotiation room for buyers
Sold Above List
27.5%
Listings w/ Price Drops
18.4%
Building Permits (2024)
120
Single-Family Permits
120

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

[05] Capital Investment

$1,016M
TOTAL
PROJECT AMOUNT STATUS
Canisteo Wind Energy Center
NextEra Energy Resources (affiliate)
$250M Proposed
Baron Winds Project (Phases I & II)
RWE
$245M Operating/Under Construction
Gemma Energy Storage
Unknown
$200M Planned
Prattsburgh Wind Project
Terra-Gen
$152M Proposed
Addison Solar Project
WEB Renewable Energy USA LCC
$105M Planned
Hornell Gateway Corridor Project
New York State Department of Transportation (NYSDOT)
$64M Planned

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

[06] Score Breakdown

GDP Growth +0.5% 11 percentile
Population Growth -0.6% 9 percentile
Income Growth +6.6% 13 percentile
Vacancy Rate 0.8% 70 percentile
Home Price Change +0.1% 32 percentile
Rent Growth -0.6% 8 percentile
Price/Rent 8x 99 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Steuben County has a Boom Town Index score of 15/100, ranking #847 among 996 U.S. counties. With job growth at -1.1% and a median household income of $62,506, it faces some economic headwinds compared to faster-growing counties.

Is Steuben County affordable?

The median home value in Steuben County is $121,000 with median rent at $832/month. The income-to-home-value ratio is 0.5166, which is more affordable than the national average.

Is Steuben County growing or shrinking?

Population growth: -0.6% year-over-year. Job growth: -1.1%. Home values changed +0.1% in the past 12 months.

Are people moving to Steuben County?

Yes — 2.45% of Steuben County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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