Real Estate Investing in Binghamton, New York (13744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13744 (Binghamton, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 23.3% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Binghamton, NY (13744)?
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Market Analysis: 13744 Binghamton
The 13744 ZIP covers a section of Binghamton that demands careful diligence. Prices near $213K look accessible, but the work to make a deal cash flow is real.
On the rental side, the numbers look inviting — $213K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13744 is substantial and deserves full respect.
In the broader NY picture, 13744 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 13744 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Binghamton's stable or hybrid ZIPs before stepping into 13744. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Binghamton:
Market Trends
Home Value History (with trend line)
📊 How Does 13744 Compare?
| Metric | 13744 | Binghamton | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $213,242 | $60,810 | N/A | $505,608 |
| 5-Year CAGR | 7.5% | 7.9% | N/A | 6.6% |
| Avg Rent | $963 | $1,211 | N/A | - |
| Cap Rate | 3.5% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13744 (Binghamton, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,242 |
| Monthly Rent | $963 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13744
Population: 1,284
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 1,333 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Binghamton, NY?
Investors in Binghamton, NY typically see rents near $963/mo per month against $213K home values - a solid setup for rental cash flow.
What is the median home value in Binghamton, NY?
Binghamton, NY median home values land near $213K. That is reasonable territory for investors looking at $963/mo-per-month rentals.
Is Binghamton, NY a good market for buy-and-hold investors?
Binghamton, NY scores 3.0/5 for investability. Home values sit at $213K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which investment style suits Binghamton, NY?
Most investors in Binghamton, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is vacancy a concern in Binghamton, NY?
Binghamton, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 13744 now. You don’t know where it ranks.
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