Binghamton, NY—13901
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 $192,000, with a year-over-year change of 3.7%. This indicates that home prices in Binghamton, NY are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 3.7% |
| Single Family | $192,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 4.9% |
3 Bed | $194,000 | 3.7% |
4 Bed | $241,000 | 3.4% |
| 5 Bed | $235,000 | 4.4% |
% of Housing Stock
Rental Trends — Binghamton, NY
As of July '25, Rentcast reports the average rent in Binghamton, NY is $1,400, with a year-over-year rent change of 12.9%. Per bedroom, the median rent as of July '25 in Binghamton, NY is studios: $800, 1-bedrooms: $879, 2-bedrooms: $1,310, 3-bedrooms: $1,370, 4-bedrooms: $1,070. The most common rental property sizes in Binghamton, NY are 1-bedroom and 2-bedroom, accounting for 35.9% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,400 |
| Studio Rent | $800 | $800 |
| 1 Bed Rent | $900 | $879 |
| 2 Bed Rent | $1,250 | $1,310 |
| 3 Bed Rent | $1,300 | $1,370 |
| 4 Bed Rent | $850 | $1,070 |
% 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 54. This is a increase of 45.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $171,000 | -14.0% |
Listing Count | 53 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 54 | 45.0% |
Demographics — Binghamton, NY
As of the latest ACS Survey released in 2023, Binghamton, NY has a population of 19,700, which has increased by 2.8% over the past 5 years. Binghamton, NY is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | 2.8% |
% Under 18 | 20.8% | -3.7% |
% Seniors | 19.6% | 14.0% |
% WFH | 7.3% | 204.2% |
% w/ College Degree | 26.5% | 1.5% |
As of the latest ACS Survey released in 2023, Binghamton, NY is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Binghamton, NY is hispanic, making up 6.6% of the population. Foreign-born residents account for 5.4% of the population in Binghamton, NY, and this percentage has increased by 63.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -6.6% |
% Black | 6.1% | 3.4% |
% Hispanic | 6.6% | 106.2% |
% Asian | 2.1% | 90.9% |
% Foreign Born | 5.4% | 63.6% |
Mortgage and Risk — Binghamton, NY
According to HUD data as of 2023, there were 225 mortgage originations in Binghamton, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Binghamton, NY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Binghamton, NY
As of 2024, the percent of homes in Binghamton, NY under the Section 8 program is 18.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-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 units do not.
Section 8 Market Size
Total Units under HUD | 937 |
Total Units Section 8 | 714 |
% Rentals under Section 8 | 18.6% |
% Occupied Section 8 | 81.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $900 | $930 |
| 2 Bedroom | -$80 | $1,250 | $1,170 |
| 3 Bedroom | $210 | $1,300 | $1,510 |
| 4 Bedroom | $880 | $850 | $1,730 |
Affordability — Binghamton, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $192,000 |
| Median Household Income | $54,200 |