Housing in Binghamton
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Binghamton, New York
The housing market in Binghamton offers relatively affordable options compared to national averages. As of December 2025, the median home price in Binghamton was $194,000, showing a 1.1% year-over-year increase. The median property value in the Binghamton metro area was $156,000 in 2024, a 6.34% increase from the previous year. For renters, a one-bedroom apartment in the city center averages around $1,138 per month, while a three-bedroom apartment in the city center can be around $2,116. The homeownership rate in the metro area is 67.4%, which is higher than the national average.
Housing
About Binghamton, New York
Binghamton, New York, is a city nestled in the Southern Tier region, at the confluence of the Susquehanna and Chenango Rivers. Historically recognized for its industrial roots, particularly in manufacturing and technology with companies like IBM, the city has evolved into a diversified economic hub. Binghamton is also home to Binghamton University, which serves as a significant economic and cultural anchor for the region. The city offers a blend of urban amenities and access to natural landscapes, attracting those seeking a more balanced lifestyle away from larger metropolitan areas. Its rich history is reflected in its architecture and community character, providing a sense of established charm.
About New York
New York, USA, is a diverse state offering both the fast-paced, culturally rich environment of New York City and the more tranquil, naturally beautiful landscapes of upstate regions. The state's economy, the third largest in the U.S., is heavily driven by service-providing sectors, with finance, healthcare, and professional and business services being major industries, particularly in NYC. Living costs are significantly higher than the national average, especially in New York City where housing is a primary expense, though more affordable options exist upstate. The climate ranges from humid continental in upstate areas with cold, snowy winters and warm summers, to a humid subtropical climate in the New York City metropolitan area, characterized by hot, humid summers and moderately cold winters. The lifestyle varies from the constant energy and extensive cultural, dining, and career opportunities of NYC to a slower pace with abundant outdoor recreation in other parts of the state.