Home / Select Cities  /  2024 Comparing Binghamton, NY vs. Summit, NJ

2024 Compare Cities Housing:
Binghamton, NY vs Summit, NJ

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Highlights
- The median age of a home in Binghamton is 9.3% older than the median age of a home in Summit.

Housing
 Binghamton, NYSummit, NJUnited States
 Median Home Age756842
 Median Home Cost$127,900$1,053,800$338,100
 Home Appr. Last 12 months14.8%12.1%16.6%
 Home Appr. Last 5 yrs.43.8%29.3%57.0%
 Home Appr. Last 10 yrs.50.8%44.3%101.1%
 Property Tax Rate$33.2$30.0$11.0
 Homes Owned36.2%65.5%57.4%
 Housing Vacant14.1%5.9%11.2%
 Homes Rented49.7%28.5%31.4%
 space
 Avg Rent For Home Or Apartment
 Binghamton, NYSummit, NJUnited States
 Average Rent$1,240$2,750$1,840
 Studio Apartment$730$1,550$1,080
 1 Bedroom Home or Apartment$760$1,830$1,180
 2 Bedroom Home or Apartment$960$2,200$1,430
 3 Bedroom Home or Apartment$1,260$2,790$1,860
 4 Bedroom Home or Apartment$1,360$3,280$2,160
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 Vacant Housing
 Binghamton, NYSummit, NJUnited States
 Vacant For Rent4.6%0.4%1.9%
 Vacant Rented1.7%1.4%0.4%
 Vacant For Sale0.9%1.4%0.7%
 Vacant Sold0.4%0.9%0.4%
 Vacant Vacation0.3%0.7%3.6%
 Vacant Other6.2%1.2%4.1%
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 Owner-Occupied Housing Value
 Binghamton, NYSummit, NJUnited States
 Less Than $20,0001.4%0.3%2.6%
 $20,000 to $39,9991.4%0.0%2.4%
 $40,000 to $59,99911.0%0.1%2.8%
 $60,000 to $79,99922.8%0.4%3.9%
 $80,000 to $99,99916.1%0.4%4.5%
 $100,000 to $149,99921.0%0.0%11.3%
 $150,000 to $199,99912.2%1.1%13.0%
 $200,000 to $299,9996.8%2.1%20.1%
 $300,000 to $399,9993.5%5.0%13.6%
 $400,000 to $499,9991.0%4.9%8.3%
 $500,000 to $749,9991.8%28.1%9.7%
 $750,000 to $999,9990.6%18.7%3.9%
 $1,000,000 to $1,499,9990.2%18.7%2.2%
 $1,500,000 to $1,999,9990.0%10.7%0.8%
 $2,000,000 and over0.0%9.5%1.1%
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 Housing Units By Year Built
 Binghamton, NYSummit, NJUnited States
 2015 and Newer0.0%0.0%0.2%
 2010 to 20141.2%2.9%13.6%
 2000 to 20091.2%2.9%13.6%
 1990 to 19993.9%2.4%13.6%
 1980 to 19896.7%5.3%13.2%
 1970 to 19798.5%5.9%14.8%
 1960 to 19693.9%2.4%13.6%
 1950 to 195912.3%28.4%10.0%
 1940 to 194912.0%10.3%4.7%
 1939 or Earlier43.2%32.1%12.2%

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Reviews for Binghamton    29 Reviews

Marg · 

Very cool place with loads of popular restaurants (some award winning), hiking, winter activities/sports, fishing, boating, central location -making it SO EASY for  More

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Over 3 years ago

I can't understand the strong negativity, at least not totally. I have been here for a while now and have been (years ago). Back in the big recession there were some  More

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Over 3 years ago

I've lived in this area my whole life-all 23 years of it. Even in my lifetime about half the businesses I remember are now boarded up often with no replacements. So many  More

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Reviews for Summit    5 Reviews

Over 16 years ago

While there seems to be a good amount of cultural activities and diversity in this area, and it is done with the intention that it makes people feel diverse, when they  More

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Over 18 years ago

A very nice town. If you have lots of money to spend on housing and really want to be in Summit then it is worth it. The water and air quality are terrible. And as a  More

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Summit, NJ is a very expensive place to live. But the town does a great job of making it worth every penny. Community activities, train station, quite neighborhoods,  More

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ZIPS IN BINGHAMTON, NEW YORK
13905 13903 13904
ZIPS IN SUMMIT, NEW JERSEY
07901

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