Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Binghamton area can be challenging. Home prices in Binghamton are now at a median cost of $116,630, lower than the New York average of $481,023.
The average cost of rent is $900/mo in Binghamton, primarily driven by the current value of real estate in the Binghamton area. While nearly 50.35% of residents own their homes outright in Binghamton, 43.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Binghamton is $4,647 per month. Households that rent pay about 19.37% of their income on rent here. Binghamton's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Port Dickinson, NY: equally priced homes
- Johnson City, NY: equally priced homes
- Vestal, NY: higher priced homes
- Conklin Forks, NY: equally priced homes
- Endwell, NY: higher priced homes
- Kirkwood, NY: equally priced homes
- Conklin, NY: equally priced homes
- Kattelville, NY: higher priced homes
- Port Crane, NY: equally priced homes
- Castle Creek, NY: equally priced homes
Cities with Similar Populations
- Noblesville, IN: higher priced homes
- New Braunfels, TX: higher priced homes
- Norman, OK: higher priced homes
- Newnan, GA: higher priced homes
- Norristown, PA: higher priced homes
- New Orleans, LA: higher priced homes
- Norfolk, VA: higher priced homes
- New York, NY: higher priced homes
- New Rochelle, NY: higher priced homes
- Livonia, MI: higher priced homes
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