Elmira, MI housing market
The typical Elmira home is worth about $268,000, up 5.4% in a year, close to the Michigan typical home.
Home values, sales, trends and how Elmira compares with the towns next door — updated as new data is published.
Elmira at a glance
Typical home value, 2020–2026
Show as a table
| January | Elmira | Michigan |
|---|---|---|
| 2021 | $172,000 | $194,000 |
| 2022 | $209,000 | $217,000 |
| 2023 | $220,000 | $230,000 |
| 2024 | $232,000 | $241,000 |
| 2025 | $256,000 | $253,000 |
| 2026 | $259,000 | $262,000 |
| August 2026 | $268,000 | $266,000 |
Elmira and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Elmira | $268K | +5.4% | $1,080 | $82,143 |
| Hayes | — | +1%† | $1,090 | $77,629 |
| Warner | — | +22.8%† | $1,070 | $75,469 |
| Livingston | — | −0.6%† | $1,090 | $76,625 |
† FHFA price index change, where Zillow has no home value for the town.
3.3 years of income
The typical Elmira home costs about 3.3 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,080
HUD's Fair Market Rent for a two-bedroom in Elmira is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elmira pay a median of $1,375. A two-bedroom takes about 16% of the town's median household income.
Studio $800 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49730, 49735; Otsego County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Elmira
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.