Real Estate Investing in Binghamton, New York (13903)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13903 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Binghamton, NY (13903)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13903 Binghamton
The 13903 ZIP in Binghamton, NY is a local-operator market. Outside capital chasing a $192K entry has to pair deep knowledge with the discount.
For an experienced owner, 13903 can be a a solid fit for hunting ground — but the discount at $192K reflects genuine risk that outside investors often underestimate.
Regionally, 13903 sits on the difficult end of the NY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 13903 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Binghamton's stable or hybrid ZIPs before stepping into 13903. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Binghamton:
Property Strategy for 13903
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $131,510 | $1,070 | 5.9% | +10.8% | $65,755 |
| 3BR | $179,751 | $1,380 | 5.5% | +9.6% | $59,917 |
| 4BR | $231,562 | $1,580 | 4.9% | +9.2% | $57,891 |
| 5BR | $272,157 | — | — | +8.7% | $54,431 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13903 Compare?
| Metric | 13903 | Binghamton | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $191,900 | $60,810 | N/A | $505,608 |
| 5-Year CAGR | 7.7% | 7.9% | N/A | 6.6% |
| Avg Rent | $1,279 | $1,211 | N/A | - |
| Cap Rate | 5.2% | 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 13903 (Binghamton, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 13903 (Binghamton, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $191,900 |
| Monthly Rent | $1,279 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | -9.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). 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 13903
Population: 17,528
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 13903
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
What is the rental occupancy rate in Binghamton, NY?
Binghamton, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average monthly rent in Binghamton, NY?
Rent in Binghamton, NY is around $1,279/mo. The resulting rent-to-value relationship with $192K pricing is reasonable for most investor models.
What is the renter demographic in Binghamton, NY?
Tenant quality in Binghamton, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $1,279/mo.
Can owner-occupants cash flow in Binghamton, NY?
Binghamton, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,279/mo rent level.
What is the best play in Binghamton, NY?
For Binghamton, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 13903 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13903 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 13903 ranks in Binghamton, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 13903 (Binghamton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 13903 (Binghamton, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.