Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Binghamton area can be challenging. Home prices in Downtown Binghamton are now at a median cost of $150,760, lower than the Binghamton average of $154,621.
The average cost of rent is $693/mo in Downtown Binghamton, primarily driven by the current value of real estate in the Downtown Binghamton area. In Downtown Binghamton, 88.40% of households rent, and 66.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Binghamton is $1,774 per month. Households that rent pay about 39.09% of their income on rent here. Downtown Binghamton’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Southside, Binghamton, NY: equally priced homes
- Westside, Binghamton, NY: higher priced homes
- First Ward, Binghamton, NY: less expensive homes
- Eastside, Binghamton, NY: less expensive homes
- Stockade District, Kingston, NY: higher priced homes
- Campus Area, Albany, NY: higher priced homes
- Buckingham Lake-Crestwood, Albany, NY: higher priced homes
- Helderberg, Albany, NY: higher priced homes
- New Scotland-Woodlawn, Albany, NY: higher priced homes
- Delaware Avenue, Albany, NY: higher priced homes
Neighborhoods with Similar Populations
- Rum Village, South Bend, IN: less expensive homes
- Highlands Park, Renton, WA: higher priced homes
- Indian Hill, Chicago Heights, IL: equally priced homes
- Kendrick Lake, Lakewood, CO: higher priced homes
- Lower Beaver, Des Moines, IA: higher priced homes
- Magnolia Place, Fresno, TX: higher priced homes
- Meadowlane, Lincoln, NE: higher priced homes
- Mount Lookout, Cincinnati, OH: higher priced homes
- Balboa, Spokane, WA: higher priced homes
- North Image, Vancouver, WA: higher priced homes
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