Home Values

Chemung County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$86,100

  • -3.8% 1-year change
  • 0.6% 1-year forecast

The median home value in Chemung County is $86,100. Chemung County home values have declined -3.8% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Chemung County is None.

Foreclosures will be a factor impacting home values in the next several years. In Chemung County 0.3 homes are foreclosed (per 10,000). This is lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chemung County is 4.6%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chemung County homeowners underwater on their mortgage is 14.2%.

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Relative ZHVI
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Chemung County Market Overview

Data through Mar 31, 2015
  • $86,100 ZHVI
  • 0.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Chemung County Market Health

Data through Mar 31, 2015
  • 2.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 14.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Counties

Name Median ZHVI
Tompkins County $180,000
Wyoming County $161,900
Broome County $121,600
Name Median ZHVI
Livingston County $112,300
Cayuga County $108,100
Tioga County $106,300
Name Median ZHVI
Cortland County $99,600
Steuben County $85,800
Chenango County $80,500

Listings & Sales

  • No data
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Chemung County Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,357 Chemung County
    $1,357 Elmira Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.74 Rent list price / sq ft
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