Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$203,310+6.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$44,073About 0.7× the local median income ($66,167): affordable for a typical household
Days on market51 daysAbout the same pace as a year ago
Next 12 months+4.5%Zillow expects prices to rise strongly
The typical home in Binghamton, NY is worth $203,310, up 6.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $174,727, so the area is 16.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 51 days to sell, listings are up 40% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 4.5% over the next year. A household needs about $44,073 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 $66,167. Typical rent is $1,610 a month, or $2,583 for a house. In the latest IRS figures, 708 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
$203,310
Change in 1 year
+6.9%
Overvalued %
+16.4%
Show 7 more
Fair home value
$174,727
Change in 5 years
+39.1%
Zillow forecast, next 12 months
+4.5%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,102
Income needed to afford it
$44,073
Property tax rate
2.48%
Rent and investing
Typical rent
$1,610
Typical rent for houses
$2,583
Price-to-rent ratio
10.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,219
Gross rental yield
9.50%
Cap rate (estimate)
6.18%
Market activity
Listings vs a year ago
+40.4%
Days on market
51
Listings with a price cut
18.1%
Show 3 more
Homes for sale
476
Pending sales per 100 listings
93
Asking price per sq ft
$129
People and jobs
Median household income
$66,167
Population change (1 year)
−0.1%
Unemployment rate
6.8%
Show 4 more
Population
243,189
Income adjusted for cost of living
$71,224
Net moves in (IRS)
−708
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)
82.1
Flood risk score
90.4
Show 3 more
Wildfire risk score
33.9
Walkability (1 to 20)
6.5
Road, rail and air noise
54 dB
Questions people ask
Is Binghamton, NY overvalued?
Home prices in Binghamton, NY are well above what local incomes have historically supported: fair value is about $174,727, so the area is 16.4% overvalued.
Is Binghamton, NY a buyer's or seller's market?
Binghamton, NY is a balanced market, leaning toward sellers: homes take about 51 days to sell, listings are up 40% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Binghamton, NY?
Home values in Binghamton, NY are up 6.9% 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 Binghamton, NY?
A household needs about $44,073 a year to afford the typical home in Binghamton, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,167.