The housing market in Binghamton, NY is quite affordable compared to the rest of the US. The median value for a home in Binghamton is $127,900 while the median value for a home in the US is $338,100. In addition to being more affordable than other parts of the country, the 1 year appreciation rate for homes in Binghamton is 8.92%, which exceeds the US-wide rate of 8.27%. This suggests that investing in real estate in Binghamton may be a sound financial decision as it offers a great value at an even greater rate of growth.
The median home cost in Binghamton is $127,900. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Binghamton is up 14.8%.
Average Age of Homes
- The median age of Binghamton real estate is 76 years old
The Rental Market in Binghamton
- Renters make up 44.9% of the Binghamton population
- 4.6% of houses and apartments in Binghamton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.