Cities with the fastest growing home prices in Elmira metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Elmira metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Elmira, NY metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 4 cities and towns with data available were included in the list.

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1 / 4
Stacker

#4. Millport, NY

- 1-year price change: +$8,797 (+6.6%)
- 5-year price change: +$44,399 (+45.6%)
- Typical home value: $141,772 (#4 most expensive city in metro)
2 / 4
Stacker

#3. Breesport, NY

- 1-year price change: +$9,571 (+6.6%)
- 5-year price change: +$39,401 (+34.4%)
- Typical home value: $153,792 (#2 most expensive city in metro)
3 / 4
Stacker

#2. Pine Valley, NY

- 1-year price change: +$11,481 (+7.4%)
- 5-year price change: +$46,177 (+38.3%)
- Typical home value: $166,722 (#1 most expensive city in metro)
4 / 4
Stacker

#1. Wellsburg, NY

- 1-year price change: +$16,079 (+12.2%)
- 5-year price change: +$46,508 (+46.0%)
- Typical home value: $147,543 (#3 most expensive city in metro)

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