2025 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.
 Binghamton, NYSummit, NJUnited States
 Median Home Age75  Unlock42
 Median Home Cost  Unlock$1,053,800$338,100
 Home Appr. Last 12 months14.8%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock29.3%57.0%
 Home Appr. Last 10 yrs.50.8%  Unlock101.1%
 Property Tax Rate  Unlock$30.0$11.0
 Homes Owned36.2%  Unlock57.4%
 Housing Vacant  Unlock5.9%11.2%
 Homes Rented49.7%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Binghamton, NYSummit, NJUnited States
 Average Rent  Unlock$2,750$1,840
 Studio Apartment$730  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,830$1,180
 2 Bedroom Home or Apartment$960  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,790$1,860
 4 Bedroom Home or Apartment$1,360  Unlock$2,160
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 Vacant Housing
 Binghamton, NYSummit, NJUnited States
 Vacant For Rent  Unlock0.4%1.9%
 Vacant Rented1.7%  Unlock0.4%
 Vacant For Sale  Unlock1.4%0.7%
 Vacant Sold0.4%  Unlock0.4%
 Vacant Vacation  Unlock0.7%3.6%
 Vacant Other6.2%  Unlock4.1%
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 Owner-Occupied Housing Value
 Binghamton, NYSummit, NJUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9991.4%  Unlock2.4%
 $40,000 to $59,999  Unlock0.1%2.8%
 $60,000 to $79,99922.8%  Unlock3.9%
 $80,000 to $99,999  Unlock0.4%4.5%
 $100,000 to $149,99921.0%  Unlock11.3%
 $150,000 to $199,999  Unlock1.1%13.0%
 $200,000 to $299,9996.8%  Unlock20.1%
 $300,000 to $399,999  Unlock5.0%13.6%
 $400,000 to $499,9991.0%  Unlock8.3%
 $500,000 to $749,999  Unlock28.1%9.7%
 $750,000 to $999,9990.6%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock18.7%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock9.5%1.1%
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 Housing Units By Year Built
 Binghamton, NYSummit, NJUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock2.9%13.6%
 2000 to 20091.2%  Unlock13.6%
 1990 to 1999  Unlock2.4%13.6%
 1980 to 19896.7%  Unlock13.2%
 1970 to 1979  Unlock5.9%14.8%
 1960 to 19693.9%  Unlock13.6%
 1950 to 1959  Unlock28.4%10.0%
 1940 to 194912.0%  Unlock4.7%
 1939 or Earlier  Unlock32.1%12.2%
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 4 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 4 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 17 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 19 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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