Binghamton, NY—13904
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 $153,000, with a year-over-year change of 3.9%. 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 | $153,000 | 3.9% |
| Single Family | $153,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 3.3% |
3 Bed | $158,000 | 3.9% |
4 Bed | $174,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Binghamton, NY
As of July '25, Rentcast reports the average rent in Binghamton, NY is $1,190, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Binghamton, NY is 1-bedrooms: $800, 2-bedrooms: $1,280, 3-bedrooms: $1,300, 4-bedrooms: $1,450. The most common rental property sizes in Binghamton, NY are 2-bedroom and 1-bedroom, accounting for 37.8% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $800 |
| 2 Bed Rent | $1,250 | $1,280 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | $1,650 | $1,450 |
% 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 21. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $177,000 | 11.0% |
Listing Count | 26 | -17.0% |
| Listings as % of Homes | 0.6% | -17.0% |
Days on Market | 21 | -22.0% |
Demographics — Binghamton, NY
As of the latest ACS Survey released in 2023, Binghamton, NY has a population of 9,140, which has decreased by -8.1% over the past 5 years. Binghamton, NY is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,140 | -8.1% |
% Under 18 | 23.8% | -1.2% |
% Seniors | 22.0% | 21.5% |
% WFH | 6.4% | 255.6% |
% w/ College Degree | 19.2% | -1.5% |
As of the latest ACS Survey released in 2023, Binghamton, NY is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Binghamton, NY is black, making up 12.9% of the population. Foreign-born residents account for 8.7% of the population in Binghamton, NY, and this percentage has increased by 38.1% 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 | 73.5% | -8.6% |
% Black | 12.9% | 20.6% |
% Hispanic | 7.9% | 8.2% |
% Asian | 2.7% | 170.0% |
% Foreign Born | 8.7% | 38.1% |
Mortgage and Risk — Binghamton, NY
According to HUD data as of 2023, there were 51 mortgage originations in Binghamton, NY, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Binghamton, NY. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Binghamton, NY
As of 2024, the percent of homes in Binghamton, NY under the Section 8 program is 6.9%. 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 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 | 242 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $900 | $920 |
| 2 Bedroom | -$90 | $1,250 | $1,160 |
| 3 Bedroom | $200 | $1,300 | $1,500 |
| 4 Bedroom | $60 | $1,650 | $1,710 |
Affordability — Binghamton, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $153,000 |
| Median Household Income | $56,800 |