Chemung County, New York Housing Market
In Chemung County, New York, the median home value is $141,100, with a median monthly rent of $1,059. This places Chemung County at #2360 nationally out of 3134 counties by median home value, and #55 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,167
- Establishments: 1,740
- BLS QCEW, 2025
Housing Supply
- Single-family: 33
- Multi-family: 65
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 34,182 (avg $71,073)
- Outflow: 32,672 (avg $70,695)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Chemung County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 14901 | 193.9 | — | 2025 |
| 2 | 14904 | 187.2 | -6.23% | 2025 |
| 3 | 14830 | 198.2 | -3.19% | 2025 |
| 4 | 14867 | 268.7 | +2.39% | 2025 |
| 5 | 14905 | 195.7 | +7.29% | 2025 |
| 6 | 14845 | 213.7 | +0.09% | 2025 |
| 7 | 14903 | 193.8 | +0.84% | 2025 |
| 8 | 14892 | 259.9 | +10.54% | 2024 |
| 9 | 14814 | 194.1 | — | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Chemung County Compares
| Metric | Chemung County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $141,100 | $281,200 | $227,706 |
| Median Gross Rent | $1,059 | $1,168 | $968 |
| Owner Occupancy Rate | 68.4% | 69.3% | 73.3% |
| Price/Rent Ratio | 11.1 | 18.4 | 18.7 |
Market Analysis
The median home value in Chemung County is 49.8% below the New York state average and 38.0% below the U.S. national average. The median rent of $1,059/month is 9.3% below the state average.
With a price-to-rent ratio of 11.1, buying a home in Chemung County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Chemung County has an owner-occupancy rate of 68.4%, compared to 69.3% in New York and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Powell County | Kentucky | $141,100 | $747 |
| Cumberland County | Kentucky | $141,100 | $523 |
| Hancock County | Kentucky | $141,200 | $740 |
| Carroll County | Kentucky | $140,900 | $910 |
| Hidalgo County | Texas | $140,900 | $957 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Orleans County | $140,800 | $874 | 77.2% |
| Steuben County | $137,900 | $894 | 73.3% |
| Chenango County | $137,900 | $875 | 75.4% |
| Franklin County | $145,400 | $843 | 72.5% |
| Herkimer County | $147,700 | $823 | 76.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).