What is the median home price in Binghamton?

The median home price in Binghamton, Binghamton city, New York is $117,400, which is 58% below the national average of 281,900 ($281,900).

Binghamton, Binghamton city, New York has a violent crime rate of 0.3 per 1,000 residents, which is 92% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 4.4 per 1,000 residents.

What is the Walk Score for Binghamton?

Binghamton, Binghamton city, New York has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 1/100.

What is the median household income in Binghamton?

The median household income in Binghamton, Binghamton city, New York is $42,031, which is 44% below the national average of 74,580 ($74,580).

What is the average rent in Binghamton?

The median rent in Binghamton, Binghamton city, New York is $858 per month. The national average median rent is $1,163/month.

What is the air quality in Binghamton?

Binghamton, Binghamton city, New York has an Air Quality Index (AQI) of 40, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Binghamton?

The population of Binghamton, Binghamton city, New York is approximately 47,617. The homeownership rate is 83.0% (national average: 65.9%).

What are the climate risks in Binghamton?

Binghamton, Binghamton city, New York has an overall climate risk rating of "Relatively Moderate" with a risk score of 81.41. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Binghamton affordable?

Binghamton, Binghamton city, New York has an affordability index of 119, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 11.2¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Binghamton?

The unemployment rate in Binghamton, Binghamton city, New York is 10.1%. The national average unemployment rate is 3.7%. The poverty rate is 31.7% (national average: 12.4%).

Binghamton

Binghamton city, New York

Affordable

About Binghamton

Alright, let's talk Binghamton. Nestled in the Southern Tier of New York, this city offers a refreshingly affordable lifestyle, a stark contrast to the national trend. Imagine owning a home for a median value of just $117,400 – a steal compared to the national average. This affordability extends to everyday living, making it an attractive option for those seeking to stretch their dollar. While the median household income sits at $42,031, the cost of living allows for a comfortable existence, particularly for young professionals, first-time homebuyers, or anyone looking to escape the high prices of major metropolitan areas. You'll find a friendly, walkable city with a vibrant arts scene and a strong sense of community.

From an investment perspective, Binghamton presents a compelling case. The housing market is stable, and the city's focus on revitalization projects has sparked renewed interest. While the median income is lower than the national average, the lower cost of living and the potential for appreciation make it a sound investment. The city's population of 47,617 creates a close-knit environment, and with its proximity to several colleges and universities, Binghamton has a steady influx of young people. This is a city that's perfect for those seeking a more relaxed pace of life without sacrificing access to cultural amenities, and it's an excellent choice for anyone looking to build equity in a market that's poised for growth.

Binghamton, New York at a Glance

Binghamton is a city in Binghamton city, New York with a population of approximately 47,617. The median home value is $117,400 and the median household income is $42,031. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 0.3 per 1,000 residents, which is 92% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $858 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.