Binghamton, NY—13903
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Binghamton, NY
As of Oct '25, the median home price in Binghamton, NY is $179,000, with a year-over-year change of 2.7%. This indicates that home prices in Binghamton, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 2.7% |
| Single Family | $180,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 1.5% |
3 Bed | $180,000 | 3.4% |
4 Bed | $232,000 | 3.1% |
| 5 Bed | $272,000 | 0.4% |
% of Housing Stock
Rental Trends — Binghamton, NY
As of July '25, Rentcast reports the average rent in Binghamton, NY is $1,360, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Binghamton, NY is studios: $2,500, 1-bedrooms: $867, 2-bedrooms: $1,170, 3-bedrooms: $1,530, 4-bedrooms: $1,240. The most common rental property sizes in Binghamton, NY are 2-bedroom and 3-bedroom, accounting for 39.4% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,360 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $875 | $867 |
| 2 Bed Rent | $1,200 | $1,170 |
| 3 Bed Rent | $1,500 | $1,530 |
| 4 Bed Rent | $800 | $1,240 |
% of Rental Stock
Property Listings — Binghamton, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Binghamton, NY is 61. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $193,000 | 0.0% |
Listing Count | 73 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 61 | 28.0% |
Demographics — Binghamton, NY
As of the latest ACS Survey released in 2023, Binghamton, NY has a population of 17,500, which has decreased by -5.2% over the past 5 years. Binghamton, NY is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | -5.2% |
% Under 18 | 19.4% | -2.5% |
% Seniors | 19.0% | 15.9% |
% WFH | 10.7% | 311.5% |
% w/ College Degree | 35.9% | 27.3% |
As of the latest ACS Survey released in 2023, Binghamton, NY is a predominantly white area, with 79.6% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Binghamton, NY is black, making up 9.6% of the population. Foreign-born residents account for 4.7% of the population in Binghamton, NY, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.6% | 0.4% |
% Black | 9.6% | 2.1% |
% Hispanic | 4.4% | -25.4% |
% Asian | 1.2% | -40.0% |
% Foreign Born | 4.7% | -50.0% |
Mortgage and Risk — Binghamton, NY
According to HUD data as of 2023, there were 215 mortgage originations in Binghamton, NY, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Binghamton, NY. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 215 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Binghamton, NY
As of 2024, the percent of homes in Binghamton, NY under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Binghamton, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 459 |
Total Units Section 8 | 195 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 76.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $875 | $910 |
| 2 Bedroom | -$50 | $1,200 | $1,150 |
| 3 Bedroom | -$20 | $1,500 | $1,480 |
| 4 Bedroom | $900 | $800 | $1,700 |
Affordability — Binghamton, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $179,000 |
| Median Household Income | $61,200 |