Real Estate Investing in Binghamton, New York (13901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13901 (Binghamton, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Binghamton, NY (13901)?
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Market Analysis: 13901 Binghamton
The 13901 ZIP covers a section of Binghamton that demands careful diligence. Prices near $208K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $208K asset, 13901 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 13901 and stronger Binghamton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 13901 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.
The right play in 13901 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Binghamton:
Property Strategy for 13901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $149,718 | $1,070 | 5.1% | +10.9% | $74,859 |
| 3BR | $193,767 | $1,380 | 5.1% | +8.8% | $64,589 |
| 4BR | $241,388 | $1,580 | 4.7% | +8.5% | $60,347 |
| 5BR | $235,317 | — | — | +8.5% | $47,063 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13901 Compare?
| Metric | 13901 | Binghamton | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $208,139 | $60,810 | N/A | $505,608 |
| 5-Year CAGR | 7.8% | 7.9% | N/A | 6.6% |
| Avg Rent | $1,271 | $1,211 | N/A | - |
| Cap Rate | 4.8% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13901 (Binghamton, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,139 |
| Monthly Rent | $1,271 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.8%). 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 13901
Population: 19,730
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
🎓 Schools in 13901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 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
How expensive is real estate in Binghamton, NY?
Homes in Binghamton, NY typically sell near $208K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How strong is Binghamton, NY for real estate investors?
Investors tracking Binghamton, NY will find a 3.0/5 rating supported by $208K median home values and $1,271/mo rents. That profile suits long-term holders targeting even-keeled returns.
What kind of tenants rent in Binghamton, NY?
The renter base in Binghamton, NY is reasonable for the $1,271/mo price point. Screening well and pricing to market typically yields measured tenants.
Does Binghamton, NY favor landlords or tenants?
Binghamton, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
Is Binghamton, NY a good market for FHA house hackers?
The house hack math a challenging in Binghamton, NY. Owner-occupant buyers benefit from the $1,271/mo rents and $208K home values.
You know 13901 now. You don’t know where it ranks.
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How 13901 ranks in Binghamton, NY
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