Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$201,781+6.7% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$43,742About 0.7× the local median income ($64,727): affordable for a typical household
Days on market49 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+4.5%Zillow expects prices to rise strongly
The typical home in Broome County, NY is worth $201,781, up 6.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $171,957, so the area is 17.3% overvalued. It is a balanced market, leaning toward sellers: homes take about 49 days to sell, listings are up 47% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 4.5% over the next year. A household needs about $43,742 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,727. Typical rent is $1,640 a month, or $2,631 for a house. In the latest IRS figures, 815 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$201,781
Change in 1 year
+6.7%
Overvalued %
+17.3%
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Fair home value
$171,957
Change in 5 years
+42.0%
Zillow forecast, next 12 months
+4.5%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,094
Income needed to afford it
$43,742
Property tax rate
2.52%
Rent and investing
Typical rent
$1,640
Typical rent for houses
$2,631
Price-to-rent ratio
10.3×
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HUD Fair Market Rent, 2 bedrooms
$1,219
Gross rental yield
9.75%
Cap rate (estimate)
6.34%
Market activity
Listings vs a year ago
+46.7%
Days on market
49
Listings with a price cut
19.2%
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Homes for sale
358
Pending sales per 100 listings
93
Asking price per sq ft
$131
People and jobs
Median household income
$64,727
Population change (1 year)
−0.1%
Unemployment rate
7.1%
Show 4 more
Population
195,736
Income adjusted for cost of living
$69,674
Net moves in (IRS)
−815
Cost of living (US = 100)
92.9
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
87.5
Flood risk score
93.2
Show 3 more
Wildfire risk score
36.3
Walkability (1 to 20)
6.7
Road, rail and air noise
54 dB
Questions people ask
Is Broome County, NY overvalued?
Home prices in Broome County, NY are well above what local incomes have historically supported: fair value is about $171,957, so the area is 17.3% overvalued.
Is Broome County, NY a buyer's or seller's market?
Broome County, NY is a balanced market, leaning toward sellers: homes take about 49 days to sell, listings are up 47% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Broome County, NY?
Home values in Broome County, NY are up 6.7% over the last year. Zillow's forecast for the next 12 months is +4.5%.
How much do you need to earn to buy a home in Broome County, NY?
A household needs about $43,742 a year to afford the typical home in Broome County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,727.