Real Estate Investing in Binghamton, New York
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Binghamton, NY? Our answer, based on the numbers below.
For Homebuyers
GOOD FIT
Grade B (80/100)
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
For Investors
MIXED
3.0 / 5
(52/100)
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
Risks to Know
2 flags
- High vacancy: 12.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Binghamton, NY?
Click any question — our AI will research it live from the web and show you sources.
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Avg Investability
★★★★★
Avg Home Value
$60,810
Avg Monthly Rent
$1,211
ZIP Codes
16
Market Trends — Binghamton, NY
Home Value History
Rent History
Local Pulse Report
AI-researched developments and news for Binghamton, NY. Updated on demand as visitors ask.
Growth & development in Binghamton, NY Updated 134 days ago
Binghamton is experiencing significant development in affordable housing, clean energy, and infrastructure, alongside new business openings and strategic investments in battery technology.
Opportunities
- A $45 million affordable and supportive housing development with 111 all-electric apartments was completed at 200 Court Street in February 2026. — This expands housing options, particularly for veterans and those needing support to live independently. WNBF
- Firomar Inc. is establishing a new clean energy manufacturing operation at 22 Charles Street, creating up to 40 jobs in the first phase, with potential for over 100 jobs. — This brings new employment opportunities and revitalizes a former industrial site into a clean energy hub. Binghamton-NY.gov
- Binghamton University's New Energy New York project received over $113 million to establish a battery technology innovation hub in upstate New York. — This investment fosters innovation, creates jobs, and strengthens the region's position in advanced manufacturing. Binghamton University
- The Broome County Land Bank completed renovations on three single-family homes using ARPA grants, now available for sale as affordable homeownership opportunities. — This expands affordable homeownership and revitalizes blighted properties within the city. Broome County Land Bank
- A new convenience store and gas station are set to open on Main Street, and another neighborhood store will open at the former Cavanaugh's Grocery & Deli site. — These new businesses provide additional retail and service options for residents. WNBF
Concerns
- Binghamton has lost 6,500 manufacturing jobs since 2000, a 37% reduction, indicating a long-term economic decline in this sector. — This restricts employment opportunities in a historically significant industry for the region. Broome Technology Park
- The supply of viable pre-developed sites and buildings for medium to large-scale cleantech projects is limited across the Southern Tier. — This restricts the ability to attract and develop new advanced manufacturing and clean energy businesses. Broome Technology Park
- Several businesses, including long-standing local establishments, have closed in the Binghamton area in recent years. — This reduces local retail and service options and can impact community character. The Whale 99.1 FM
Bottom line: Binghamton is actively pursuing revitalization through housing, clean energy, and infrastructure projects, while facing challenges in manufacturing job retention and site readiness for new industries.
Local news & events in Binghamton, NY Updated 134 days ago
Binghamton has seen significant infrastructure improvements and a decrease in fatal overdoses, but also faces ongoing concerns about crime and potential environmental impacts from new solar projects.
Opportunities
- Broome County experienced a 43% decrease in suspected fatal overdoses from 2024 to 2025, with non-fatal overdoses also decreasing by 29%. — This indicates improved public health outcomes and potentially more effective prevention programs. WNBF
- Nearly $11 million in improvements to Court Street in Binghamton were completed by January 2026, enhancing accessibility for motorists, pedestrians, and cyclists. — Infrastructure upgrades improve transportation efficiency and safety for all residents. WNBF
- The City of Binghamton will take ownership of the Binghamton Plaza property in early March 2026 after an eminent domain battle, with most of the plaza slated for demolition this year. — This allows for potential redevelopment and revitalization of a key commercial area. WNBF
- Binghamton's West End Park is expected to be renamed in memory of firefighter John "J.R." Gaudet, who died in the line of duty. — This honors a local hero and provides a community space with a meaningful dedication. WNBF
Concerns
- Five juveniles were charged with murder in May 2026 following the death of a man critically injured in an April assault near Carroll and Henry Streets. — This highlights a serious violent crime incident impacting community safety. WNBF
- Residents in the Towns of Chenango and Dickinson expressed concerns in October 2025 that proposed solar projects could worsen flooding and create construction traffic issues. — These projects may impose unconsented environmental and quality-of-life costs on nearby residents. WNBF
- Binghamton has one of the highest crime rates in America, with a rate of 43 per one thousand residents, and a higher violent crime rate than the state average. — High crime rates restrict personal safety and can deter economic activity and community engagement. NeighborhoodScout, Niche
- Climate change is projected to bring heavier rainfall, more frequent fire weather, and changes in severe storms to Binghamton, with a 27% increase in hourly rainfall intensity since 1970. — These environmental changes pose risks to infrastructure, property, and public safety. Climate Central
Bottom line: Binghamton is actively addressing public safety and infrastructure, but residents remain concerned about crime and the potential environmental impacts of new developments.
Schools in Binghamton, NY Updated 134 days ago
Binghamton City School District is undertaking significant facility renovations and program enhancements while facing ongoing enrollment declines and academic performance challenges.
Opportunities
- Voters approved a $56 million capital project for Theodore Roosevelt Elementary School in December 2024, with no impact on the district's tax levy. — This project will modernize learning spaces, enhance outdoor play areas, and improve site and traffic conditions at the school. MacArthur Elementary School
- The district is implementing a Universal Pre-Kindergarten (UPK) program for approximately 200 four-year-old students by December 1, 2026. — This provides free early childhood education, expanding access for families in Binghamton. Binghamton City School District
- Binghamton High School launched the PATS (Patriots Aspiring To Succeed) program in the 2022-2023 school year to support 9th and 10th graders transitioning to high school. — This program offers a smaller, more personalized learning environment with dedicated staff and tailored schedules to aid student success. WSKG
- The district plans to install interactive televisions in all K-12 classrooms using $2.8 million from the Smart Schools Bond Act. — This technology upgrade aims to enhance instructional capabilities and modernize learning environments for all students. Thrillshare
- Four Binghamton City School District staff members were named "Master" educators by New York State in April 2026. — This recognition highlights the quality of educators within the district, potentially improving teaching and learning. Binghamton City School District
Concerns
- The district issued $4 million in revenue anticipation notes in January 2024 to cover a cash flow deficit, maturing in January 2025. — This indicates a short-term financial strain, potentially due to a mismatch between cash flow needs and revenue receipts. Munichain News
- Binghamton City School District's average testing ranking is 1/10, placing it in the bottom 50% of public schools in New York for the 2026 school year. — This indicates a need for significant academic improvement, as math and reading proficiency scores are below state averages. Public School Review
- Enrollment in Binghamton City School District has seen a slow but steady decline over the past five years, predating the pandemic. — Decreased enrollment can lead to reduced state and federal education funding, potentially impacting resources and programs. WSKG
- The district is projecting a $4 million operating gap and is considering staff reductions and deeper cuts for the 2026-27 school year. — This financial shortfall and potential cuts could lead to a reduction in educational services or increased class sizes. Ballotpedia
- A proposed 2026-27 budget includes a 1.98% tax levy increase and would cut approximately 45.6 positions due to rising health insurance premiums. — This could result in increased costs for taxpayers and a reduction in staffing levels within the district. Ballotpedia
Bottom line: The Binghamton City School District is investing in facilities and new programs, but faces ongoing challenges with declining enrollment and academic performance.
Civic & policy in Binghamton, NY Updated 134 days ago
Binghamton has recently enacted significant zoning reforms to boost housing, while Broome County has reduced property taxes for 2025.
Opportunities
- Binghamton City Council unanimously approved zoning reforms in December 2024 to ease housing construction, including reduced parking requirements and increased density allowances. — These changes aim to increase the supply of affordable housing and reduce development costs, offering more choices for residents. WSKG, WNBF, City of Binghamton
- The 2025 Broome County Budget, approved in November 2024, reduces the property tax rate by 0.3% for the sixth consecutive year. — This tax reduction directly lowers costs for property owners in Binghamton and Broome County. Broome County
- The 2025 Broome County Budget allocates $5 million to a new Economic Development and Housing Fund to bolster housing projects and encourage long-term growth. — This investment supports new housing opportunities and broader economic expansion within the county. Broome County
- Binghamton voters approved a ballot measure in November 2024 to revive the inactive Human Rights Commission, allowing the City Council to appoint members. — This re-establishes a mechanism for residents to address discrimination claims in housing, employment, and city services. WSKG
- A new Binghamton law, effective December 28, 2025, prohibits the use of city funds or personnel for federal immigration purposes. — This limits local government involvement in federal immigration enforcement, potentially fostering a more inclusive environment for immigrant residents. WSKG
Concerns
- A July 2022 zoning law prohibits units with four or more unrelated college students in single-family (R1) and two-family (R2) residential zones, with existing R3 student housing requiring Planning Commission review by J… — This restricts housing options for college students and may limit rental income opportunities for some property owners. City of Binghamton, Pipe Dream
- Some residents and the Commission for Conservation of the Environment opposed the December 2024 zoning changes, citing concerns about parking reduction goals and lack of consideration for walkability. — These changes could lead to increased parking strain and potentially impact neighborhood character without adequate public transit alternatives. WSKG
- New York State's 2025-2026 budget, signed May 2025, imposes a 90-day waiting period and limits depreciation and interest deductions for institutional real estate investors purchasing one- and two-family homes. — These state-level changes could reduce investor interest in certain residential properties, potentially impacting the housing market. KPMG, Tax.NY.gov
Bottom line: Binghamton is actively pursuing housing growth through zoning reform and county tax reductions, despite some concerns and state-level real estate investor restrictions.
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
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Best ZIP codes in Binghamton, NY
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Landlord Ground Truth
Real numbers from people who own or manage rentals in Binghamton, NY. Anonymous, moderated, never written by AI.
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Avg Home Value
$60,810
Avg Monthly Rent
$1,211
1% Rule
✓ Passes
Landlord Friendly (NY)
★☆☆☆☆
⚖️
Balanced Market
— Binghamton, NY metro
28
Days to pending
7.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly
🎓 Colleges & Universities in Binghamton
1 College
5,429 Students
1,275 Off-Campus Renters
Investor Insight: With 1,275 students living off-campus, Binghamton has substantial rental demand from the college population — typically stable, lease-renewing tenants.
Neighborhoods in Binghamton
ZIP Codes in Binghamton, NY
13905
Home Value
$194,251
Rent
$1,340/mo
13901
Home Value
$208,139
Rent
$1,271/mo
13903
Home Value
$191,900
Rent
$1,279/mo
13904
Home Value
$165,429
Rent
$1,200/mo
13902
Home Value
$0
13744
Home Value
$213,242
Rent
$963/mo
13737
Home Value
$0
13745
Home Value
$0
13749
Home Value
$0
13761
Home Value
$0
13762
Home Value
$0
13794
Home Value
$0
13840
Home Value
$0
13845
Home Value
$0
13848
Home Value
$0
13851
Home Value
$0
Screen every ZIP in Binghamton
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View PlansFrequently Asked Questions About Binghamton, NY
Is Binghamton in NY worth investing in?
Binghamton, NY scores 3.0/5 for investability. Home values sit at $61K and rents near $1,211/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Binghamton, NY?
Rental owners in Binghamton, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What do landlords charge for rent in Binghamton, NY?
The typical rental in Binghamton, NY commands about $1,211/mo monthly. That rent profile predictable cash flow against the $61K purchase basis.
How viable is house hacking in Binghamton, NY?
Binghamton, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $61K price point reasonable to enter.
What are vacancy rates like in Binghamton, NY?
Binghamton, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $1,211/mo.
Community Ratings
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