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City · 47,151 residents · Broome County, New York

Binghamton , New York

In Binghamton, a typical home is worth $124,800 and typical rent is $870 a month. Compared with all of Broome County, typical household income is 27% lower, the typical home value is 19% lower, and the share of households that own their home is 21 points lower.

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  • Typical home value

    $124,800

    19% below the county

    71% below New York

    • Binghamton
    • Broome
    • New York

  • Typical rent

    $870a month

    8% below the county

    46% below New York

    • Binghamton
    • Broome
    • New York

  • Typical household income

    $45,578a year

    27% below the county

    47% below New York

    • Binghamton
    • Broome
    • New York

  • Households that own their home

    44%

    21 points below the county

    10 points below New York

    • Binghamton
    • Broome
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$190,913
4.8% more than 12 months ago
Typical rent
$1,838 a month
6.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Binghamton is in Broome County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Broome County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Binghamton apart

What this place has that others do not, from public data, most unusual first.

  1. Binghamton has the 8th lowest typical household income of the 350 cities in New York with more than 5,000 people ($45,578).

  2. 44% of households in Binghamton own their home, against 65% in Broome County.

  3. Binghamton has the 18th lowest typical rent of the 333 cities in New York with more than 5,000 people ($870).

  4. The typical home in Binghamton is worth $124,800, 19% less than in Broome County as a whole ($154,900).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Binghamton

What homes there are in Binghamton, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Binghamton there is a bit of everything: no kind of home reaches half. The most common are detached houses (39%); in Broome County, 60%.

Year built

Homes in Binghamton are older: the typical year built is 1945; in Broome County, 1958.

There are fewer big homes in Binghamton than in Broome County: 47% have 3 bedrooms or more, against 61%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 97% of owner-occupied homes in Binghamton are worth less than $500,000, below the FHA loan limit for Broome County ($541,287).

Monthly rent with utilities

By rent, most homes in Binghamton cost less than HUD's 2-bedroom fair market rent ($1,219): about 72%.

With a mortgage

$1,301 a month

Broome County: $1,408 a month

Without a mortgage

$626 a month

Broome County: $645 a month

Owners with a mortgage

52%

Broome County: 52%

In Binghamton, 52% of owners have a mortgage, and their typical cost is $1,301 a month, against $1,408 in Broome County. Without one it drops to $626.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Binghamton rose 37% since 2015–2019, more than in Broome County (32%).

Since 2015–2019, the typical rent in Binghamton rose 17%, less than in Broome County (21%).

While home values in Binghamton changed +37% and rent +17%, the typical household income rose 32%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBinghamtonBroome CountyNew YorkUnited States
Rental vacancy 10.7%7.8%3.8%5.5%
Homeowner vacancy Unreliable estimate1.5%1.1%0.9%
More than one person per room 2.5%1.8%5.3%3.4%
People per household 2.132.262.492.53
Drive alone 62%73%49%69%
Carpool 11%9%6%9%
Public transit 8%3%22%3%
Walk or bike 9%5%6%3%
Work from home 9%10%15%15%
Other means 2%2%2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

There is more rental housing open in Binghamton: 10.7% is empty and offered for rent, against 7.8% in Broome County.

More than one person per room: that is how 2.5% of households in Binghamton live, near the figure in Broome County (1.8%).

On average, a household in Binghamton has 2.13 people, fewer than in Broome County (2.26).

More people ride a bus or train to work in Binghamton than in Broome County: 8% against 3%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Binghamton?

A typical home is tight for the typical income

We start with a typical home in Binghamton, worth $124,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Binghamton, which is $45,578 a year. For that payment to be 28% of income, a household would need to earn about $53,097 a year.

The calculator's FHA and conventional loan limits are those of all of Broome County.

Your numbers

Local data
$

Starts at the typical home value in Binghamton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,368 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,239

at 7.18% · 30 years

Loan amount
$122,540
Total interest
$176,306
Paid off in
November 2056

Includes $2,108 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,063 a month

  • Tight

    $1,063 to $1,367 a month

    Your payment · 33%

  • Hard

    more than $1,367 a month

Compared with the typical household income in Binghamton ($45,578 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,239
Principal & interest$830
Property tax$302
Home insurance$52
FHA mortgage insurance (MIP)$55

You need at least $4,368 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Binghamton and Broome County

Binghamton is in Broome County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Binghamton's own numbers

Typical home value
$124,800
Typical monthly rent
$870
Typical yearly household income
$45,578
Households that own their home
44%
Effective property tax rate
2.9%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Broome County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,219
Price change over 5 years (FHFA)
+55%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Broome County.

Everything about Broome County

Buying

Buying a home in Binghamton

A typical home in Binghamton is worth $124,800: 19% below the county and 71% below New York. With the typical household income in Binghamton ($45,578 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Binghamton 2.7 years
  • Broome 2.5 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Broome County

According to FHFA’s house price index, home prices in Broome County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Broome County.

Period County New York U.S.
Last year (2025) +7.8% +6.0% +2.9%
5 years (2020–2025) +55% +52% +47%
10 years (2015–2025) +79% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Binghamton next to Broome County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Binghamton $124,800
  • Broome $154,900
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Binghamton $870
  • Broome $941
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Binghamton $45,578
  • Broome $62,616
  • New York $85,974
  • United States $80,734
See the full table
Binghamton next to Broome County and New York
Measure Binghamton Broome County New York U.S.
Typical home value $124,800 $154,900 $423,800 $332,700
Typical monthly rent $870 $941 $1,621 $1,413
Typical yearly household income $45,578 $62,616 $85,974 $80,734
Households that own their home 44% 65% 54% 65%
Typical yearly property tax $3,622 $3,902 $6,582 $3,119
Effective property tax rate 2.9% 2.52% 1.55% 0.94%
Renters with high rent for their income 51% 50% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Broome County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Binghamton

For a typical $124,800 home in Binghamton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Binghamton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,239a month

    Least cash to close
    Down payment
    $4,368
    Cash to close
    $8,112
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $55

  • Conventional, 5% down $1,216a month

    Down payment
    $6,240
    Cash to close
    $9,984
    Rate
    7.18%
    Mortgage insurance
    PMI · $59

  • Conventional, 20% down, no PMI $1,030a month

    Down payment
    $24,960
    Cash to close
    $28,704
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,145a month

    Down payment
    $18,720
    Cash to close
    $22,464
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Binghamton and for Broome County.

Property tax

Effective rate in Binghamton

2.9%of the home’s value each year

$3,622 a year for the typical owner in Binghamton.

  • Binghamton 2.9%
  • Broome 2.52%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Broome County

FEMA does not publish these numbers by city: they are for all of Broome County.

FEMA’s maps count no homes in the high-risk zone in Broome County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Binghamton

Typical rent in Binghamton is $870 a month: 8% below the county. In Binghamton, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Broome County, by unit size. To pay the 2-bedroom one ($1,219 a month) without spending more than 30% of your income, you would need to earn $23.44 an hour working full time.

HUD fair market rent for all of Broome County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $849 $16.33 $33,960
1 bedroom $954 $18.35 $38,160
2 bedrooms $1,219 $23.44 $48,760
3 bedrooms $1,535 $29.52 $61,400
4 bedrooms $1,769 $34.02 $70,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Binghamton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Binghamton has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,140 in 13903 to $1,320 in 13905.

2 of the 3 are above the fair market rent for Broome County ($1,219).

  • 13903 $1,140$1,440
  • 13904 $1,220$1,540
  • 13905 $1,320$1,660

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Binghamton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Binghamton

HUD lists 24 buildings with rents for lower incomes in Binghamton. These are the largest.

  • North Shore Towers 45 Exchange St, Binghamton 13901 224 homes, 223 low-income · Run by Binghamton Housing Authority · Average payment: $359 a month · Average wait: 35 months (607) 723-9491
  • Saratoga Apts. Binghamton 13903 164 homes, 163 low-income · Run by Binghamton Housing Authority · Average payment: $571 a month · Average wait: 151 months (607) 723-9491
  • Metro Plaza Apts 110 Chenango St, Binghamton 13901 151 homes, 150 low-income · For older adults (607) 772-6368
  • Carlisle Hill 150 Moeller St, Binghamton 13904 150 low-income homes · Run by Binghamton Housing Authority · Average payment: $558 a month · Average wait: 26 months (607) 723-9491
  • Woodburn Court 2123 Exchange St, Binghamton 13901 148 homes, 147 low-income · For older adults (607) 723-7875

See all 35 buildings in Broome County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Binghamton

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Broome County; none says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Binghamton

No down payment, repair or rent-help program on our list is for Binghamton or Broome County. The ones below are statewide in New York: they work in Binghamton the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Binghamton

The HUD-approved agencies closest to the center of Binghamton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Metro-Interfaith Housing Management Corporation DBA Metro Interfaith Services

    155 Court St, Binghamton · 0 miles away

    • Mortgage delinquency and default
    • Homelessness services
    • and 4 more
    607-772-6766-302

  • Opportunities for Chenango, Inc.

    44 W Main St, Norwich · 36 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (607) 334-7114

  • Ithaca Neighborhood Housing Services, Inc.

    115 W Clinton St, Ithaca · 38 miles away · Spanish

    Also serves in French.

    • Workshops for new owners
    • Pre-purchase counseling
    • and 1 more
    (607) 277-4500

Every agency in Broome County All counseling agencies in New York

Help in Spanish near Binghamton

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Binghamton

HUD’s record names them for Binghamton or Broome County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Binghamton Housing Authority Public housing and Section 8 vouchers (607) 723-9491

One other authority has an office in Broome County: see the list Source: HUD

Cities

Other cities in Broome County

These cities are also in Broome County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Broome County Housing in New York

Nearby cities

The cities closest to Binghamton, with the typical home value.

Neighboring counties

If Broome County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Binghamton.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Binghamton

Short answers with the numbers for Binghamton and all of Broome County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Binghamton?

The typical home value in Binghamton is $124,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Broome County it is $154,900.

How much does it cost to rent in Binghamton?

Typical rent in Binghamton is $870 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Broome County is $1,219.

What is the FHA loan limit in Binghamton?

Binghamton uses the FHA limit for all of Broome County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Binghamton?

The typical homeowner in Binghamton pays $3,622 a year, according to the U.S. Census Bureau. That is 2.9% of the home’s value; in Broome County, the rate is 2.52%.

Where can I find free help to buy or rent in Binghamton?

There is 1 HUD-approved counseling agency with an office in Broome County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).