House Prices

House Prices & Home Values Elma, NY 2026


Average Data

average house price$623,960
average size per house2997 ft²
average price per ft²209 $ / ft²

04/15/2026 - The value range (VR) for house prices in Elma, NY is $198/ sqft to $198/ sqft. An average home with 2997 sqft costs approximately $593,406 to $593,406. Elma, NY includes 1 ZIP codes and it is located in Erie county. The lowest prices are found in ZIP 14059, while the highest are in ZIP 14059. The average price per sqare feet is $209. Our analysis is based on 25 property listings.

Avergage prices by ZIP codes Elma

14059206 $ / ft²


House prices by neighborhoods in Elma

Blossom198 $ / ft²
East Elma197 $ / ft²
Elma186 $ / ft²
Elma Center215 $ / ft²




Historical development of home values in Elma

Year Estimated value (USD) Change vs. 2025
2010 $289,778 -53.6%
2011 $278,573 -55.4%
2012 $277,823 -55.5%
2013 $288,207 -53.8%
2014 $302,538 -51.5%
2015 $318,065 -49.0%
2016 $334,664 -46.4%
2017 $352,727 -43.5%
2018 $372,228 -40.3%
2019 $389,487 -37.6%
2020 $409,622 -34.4%
2021 $465,901 -25.3%
2022 $543,136 -13.0%
2023 $572,762 -8.2%
2024 $605,897 -2.9%
2025 $623,960 0.0%

Graph: estimated home values in Elma over time (USD)



Example: 100% financing house in Elma

Loan amount: $623,960

Interest rate: 6.00%

Fixed monthly payment: $3,740.96

Breakdown in the 1st month:
Interest portion: $3,119.80  –  Principal portion: $621.16

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $37,229.16 $7,662.30 $616,297.70
2 $36,756.57 $8,134.90 $608,162.80
3 $36,254.83 $8,636.64 $599,526.16
4 $35,722.14 $9,169.33 $590,356.84
5 $35,156.59 $9,734.87 $580,621.96
6 $34,556.17 $10,335.30 $570,286.67
7 $33,918.71 $10,972.76 $559,313.91
8 $33,241.93 $11,649.53 $547,664.38
9 $32,523.42 $12,368.05 $535,296.33
10 $31,760.58 $13,130.88 $522,165.45
11 $30,950.70 $13,940.77 $508,224.68
12 $30,090.86 $14,800.60 $493,424.08
13 $29,177.99 $15,713.47 $477,710.61
14 $28,208.82 $16,682.64 $461,027.96
15 $27,179.87 $17,711.59 $443,316.37
16 $26,087.46 $18,804.01 $424,512.36
17 $24,927.67 $19,963.80 $404,548.57
18 $23,696.35 $21,195.12 $383,353.45
19 $22,389.08 $22,502.39 $360,851.06
20 $21,001.18 $23,890.29 $336,960.78
21 $19,527.68 $25,363.79 $311,596.99
22 $17,963.30 $26,928.17 $284,668.82
23 $16,302.43 $28,589.04 $256,079.78
24 $14,539.12 $30,352.35 $225,727.43
25 $12,667.05 $32,224.42 $193,503.02
26 $10,679.52 $34,211.95 $159,291.07
27 $8,569.40 $36,322.06 $122,969.01
28 $6,329.14 $38,562.33 $84,406.68
29 $3,950.70 $40,940.77 $43,465.91
30 $1,425.56 $43,465.91 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Elma, NY


1500 sqft3900 sqft
Ø selling price$379,336$806,950
Ø fast selling$344,850$726,255
Ø high price sale$413,821$887,644

In 2026, houses in Elma, NY will be offered at an average price of $209 per square foot. A 1,500 sqft home priced at $379,336 is 23.90% more expensive per square foot than a 3,900 sqft home priced at $806,950. Home prices in Elma, NY vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $558,657. Sellers who can wait longer may achieve a higher price of up to $682,803.


Elma, NY: Small-Town Living Near Buffalo

Overview

Located in Erie County, Elma, NY blends rural charm with convenient access to the Buffalo metro.
The town is known for tree-lined roads, open spaces, and a friendly, community-focused lifestyle.

Commuters appreciate quick connections via NY Route 400, putting downtown Buffalo and regional employers within easy reach.

Education and Community

Families are served by the well-regarded Iroquois Central School District, which anchors many youth programs and local events.

Civic pride shows in seasonal festivals, farmers markets, and active volunteer organizations that strengthen neighborhood ties.

Parks and Recreation

Outdoor lovers enjoy Elma Meadows Golf Course, multi-use trails, and creekside scenery that showcase Western New York?s four seasons.

Nearby county parks and sports facilities offer year-round options for hiking, skating, and youth athletics.

Business and Economy

Elma hosts a mix of small businesses and advanced manufacturers, including the global engineering leader Moog Inc. headquartered locally.

A pro-business climate, accessible industrial space, and skilled regional talent support growth across aerospace, medical, and tech supply chains.

Real Estate and Lifestyle

Homebuyers find spacious lots, quiet subdivisions, and a strong value proposition, making Elma, New York a smart choice for balanced suburban living.



FAQ – Home Values in Elma

What is the median home value in Elma in 2026?

In 2026, the typical home value in Elma is about $623,960 for an average home size of 2997 square feet. This corresponds to an average price of roughly $209 per square foot.

What is the average cost per square foot in Elma?

In 2026, homes in Elma sell for an average of around $209 per square foot, with a typical range between $198 and $198 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Elma is about 2997 square feet, with an estimated 2026 value around $623,960.



Locations close to Elma, NY

Farmersville Station, NY185 $ / ft²
Farnham, NY162 $ / ft²
Forestville, NY217 $ / ft²
Elba, NY213 $ / ft²
Eden, NY187 $ / ft²
East Concord, NY182 $ / ft²
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