The typical owner-occupied home in Elmira is worth about $315,200, 34% below the Oregon median of $477,600 and 5% below the national median of $332,700. Owners pay a median $2,250 a year in property taxes, about 0.71% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $60,897 a year, so the median home costs 5.2 times the median income (5.8 times for Oregon). 65% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Elmira at a glance
| Elmira | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $315,200 | $477,600 | $332,700 |
| Median property tax paid per year | $2,250 | $3,876 | $3,119 |
| Property tax as a share of value | 0.71% | 0.81% | 0.94% |
| Median household income | $60,897 | $83,011 | $80,734 |
| Homes lived in by their owners | 65% | 63% | 65% |
| Owner homes with a mortgage | 42% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,056 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 22.4% | 21.0% |
| Median rent | – | $1,525 | $1,413 |
| Median year homes were built | 1953 | 1981 | 1980 |
| Vacant homes | 17.9% | 7.5% | 10.1% |
| Population | 319 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Elmira
At this week's average 30-year rate of 7.11%, buying the median Elmira home of $315,200 with 20% down costs about $2,014 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,539, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $86,320 for the 20%-down payment. That payment is 40% of the median Elmira household income of $60,897; at that income and 20% down, the 28% guideline points to a home of about $222,000.
| Down payment | $63,040 |
|---|---|
| Loan amount | $252,160 |
| Principal and interest | $1,696 |
| Property taxes (0.71% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $2,014 |
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| Down payment | $11,032 |
|---|---|
| Loan amount | $309,491 |
| Principal and interest | $2,082 |
| Property taxes (0.71% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,539 |
Change the numbers in the calculator
Questions about home buying in Elmira
What is the median home value in Elmira?
About $315,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elmira?
Homeowners pay a median $2,250 a year, which is about 0.71% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Elmira?
For the median home with 20% down at 7.11%, the payment is about $2,014 a month. Keeping that under 28% of gross income takes about $86,320 a year.
More about Elmira
- Mortgage Refinance in Elmira
- Debt Relief in Elmira
- Home Equity Loans in Elmira
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data