Binghamton housing market
Typical home value
$203K
▲ 6.9% 1 yr
Typical rent
$1,610/mo
▲ 6.6% 1 yr
12-month forecast
+4.5%
#29 of 546 metros
Gross rent yield
9.5%
#14 of 546 · U.S. 6.3%
Days to pending
30 days
■ 0 days 1 yr
Listings with a price cut
24%
▲ +1.7 pts 1 yr
Key takeaways
- 1The typical home is worth $203,310, up 6.9% in a year and up 39% over five years.
- 2Zillow forecasts home values rising 4.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,610/mo (+6.6% YoY), a 9.5% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,117/mo in principal and interest, $493 less than renting.
- 5Homes go under contract in 30 days (0 days vs last year); 24% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 61/100, #31 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Binghamton compares
| Measure | Binghamton | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +6.9% | +1.2% | #15 |
| Home value, 5-yr change | +39.1% | +19.7% | |
| 12-month forecast | +4.5% | +1.1% | #29 |
| Rent, 1-yr change | +6.6% | +2.7% | #64 |
| Gross rent yield | 9.5% | 6.3% | #14 |
| Price-to-rent ratio | 10.5 | 15.8 | |
| Mortgage P&I on typical home | $1,117 | $2,012 | |
| Income needed to buy | $58,790 | $100,902 | |
| Days to pending | 30 | 56 |
Cities in the Binghamton metro
1 cities with home value and rent data.
| Binghamton | $191K | ▲ 4.8% | $1,838 | ▲ 6.2% | 11.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Binghamton rental ($203K, $1,610/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Binghamton home.
Rent vs buy
Is it cheaper to rent or buy in Binghamton?
Renting out a property in New York? See deposit limits, late fee rules and notice periods.
Other New York metros
New York, NY
$731K home$3,546 rent5.8% yield
▲ 4.9% 1 yr
Buffalo, NY
$287K home$1,451 rent6.1% yield
▲ 3.6% 1 yr
Rochester, NY
$281K home$1,532 rent6.5% yield
▲ 4.9% 1 yr
Albany, NY
$373K home$1,693 rent5.4% yield
▲ 5.0% 1 yr
Syracuse, NY
$269K home$1,627 rent7.3% yield
▲ 6.6% 1 yr
Utica, NY
$231K home$1,424 rent7.4% yield
▲ 5.8% 1 yr
Kingston, NY
$452K home$2,015 rent5.4% yield
▲ 3.6% 1 yr
Jamestown, NY
$181K home$1,078 rent7.2% yield
▲ 4.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.