Binghamton
New York · Ranked #6 of 373 metros
95Affordable
💡
Housing in Binghamton costs 2.46× the median income, below the national average of 4.5×. The median home price is $157K and median rent is $921/month. Binghamton ranks #6 of 373 metros for affordability.
Median Home Price
🏠$157K
Need $46K income
Median Rent
🔑$921
Need $37K income
Building Permits
🔨483
annual
Median Income
💰$64K
Pop: 252,560
Rent Burden
⚠️27.5%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Binghamton | National |
|---|---|---|
| Price-to-Income Ratio | 2.46x | 6.1x |
| Rent Burden | 27.5% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +70.6%Since 2000: +175.5%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$783/mo
1 Bedroom$868/mo
2 Bedroom$1,103/mo
3 Bedroom$1,412/mo
4 Bedroom$1,622/mo
Zillow Market Data
Home Value (ZHVI)
$187K
1yr: +3.8%5yr: +44.1%
Rent (ZORI)
$1,266/mo
1yr: +8.3%5yr: +59.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$195K
Active Inventory
242
Days on Market
41
Sold Above List
37.2%
Price Drops
21.5%