Rent to own Homes in Elmira, NY
The city of Elmira has the unique trait of neighboring a town by the same name. Located just north of Pennsylvania, Elmira was incorporated in 1864. Sometimes known as the Queen City, it serves as the county seat of Chemung County. Elmira was the site of a peace treaty between the Iroquois and the United States, an integral part of transportation and trade routes, and continues to be a manufacturing city.
Elmira, NY is a great place for affordable rent-to-own homes! With a median household income of over $36,543 and a median rent of $727, the Elmira, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Elmira, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Elmira, NY
- Alba
- Alpine
- Beaver Dams
- Big Flats
- Blossburg
- Breesport
- Cayuta
- Chemung
- Columbia Cross Roads
- Coopers Plains
- Corning
- Covington
- East Smithfield
- Elmira
- Elmira Heights
- Erin
- Gang Mills
- Gillett
- Granville Summit
- Horseheads
- Horseheads North
- Lawrenceville
- Lindley
- Lockwood
- Lowman
- Mainesburg
- Mansfield
- Milan
- Millerton
- Millport
- Monroeton
- Newfield
- Odessa
- Painted Post
- Pine City
- Pine Valley
- Riverside
- Roaring Branch
- Roseville
- Sayre
- South Corning
- Southport
- South Waverly
- Sylvania
- Tioga
- Troy
- Van Etten
- Waverly
- Wellsburg
- West Elmira
Neighborhoods in Elmira, NY
Central East Elmira rent to own homes Downtown Elmira rent to own homes Near Westside Historic District rent to own homes North East Elmira rent to own homes South West Elmira rent to own homes South East Elmira rent to own homes North West Elmira rent to own homes Slabtown rent to own homes Prospect Hill rent to own homes Carr's Coners rent to own homesPopular Zip Codes in Elmira, NY
No zip codes foundBuying a Home in Elmira, NY
Elmira, NY is seeing rapid growth and Elmira, NY's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Elmira, NY is part of Chemung county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Chemung is 2.56% which is above the national average, which is 0.99%.
Median Home Price in Elmira, NY
Median Rent in Elmira, NY
Top Reasons to Move to Elmira, NY
World's fastest carousel! The land that's now home to Eldridge Park was once owned by pharmacist Dr. Edwin Eldridge. The city purchased the land in 1889 and created Eldridge Park as a tribute. Over the years the park has featured many amusements, including the carousel said to be the fastest in the world. It rotates at 18 mph, although it's not proven whether it truly is the fastest. The carousel was restored in 2006, and the park opened the Mark Twain Miniature Golf Course in 2010.
Array of real estate options! Moving to Elmira offers the choice among houses for sale, rent to own homes, and traditional rentals. With 52% of properties occupied by renters, there's a property to fit everyone, from buyers to renters. Petite two-bedroom homes as well as sprawling six-bedroom homes can be found here. Once you've decided on your preferred size, consider location. You may want to look at properties on Water Street to be near the Chemung River, or check out Robinson Street for proximity to Brand Park.
Well-priced real estate! Even though Elmira is located near Pennsylvania and New York cities, its real estate remains surprisingly affordable. Compared to New York prices, Elmira is about 70% cheaper, making this a great community to buy a house. You can be a part of the city's history by living on the Southside near Dunn Field where Babe Ruth once played, or feel the spirit of Mark Twain by living near the Woodlawn Cemetery where he's buried.
Immerse yourself in the arts! Literary fans notice the Clemens Center is named in honor of Mark Twain's given name, Samuel Clemens. The Clemens Center features two performing spaces, the intimate Mandeville Hall and the grand Powers Theater, which dates back to 1925. The impressive Powers Theater hosts international stage and music stars. To take in fine art, visit the Arnot Art Museum. The museum features a permanent collection as well as regularly updated visiting exhibitions.