Real Estate Investing in Binghamton, New York (13905)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13905 (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.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 16.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Binghamton, NY (13905)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13905 Binghamton
Investors eyeing 13905 need to respect the fundamentals at play. Home values of $194K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $194K asset, 13905 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 13905 trails on several market indicators that neighboring Broome County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Resident income in 13905 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 13905, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Binghamton:
Property Strategy for 13905
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,039 | $1,190 | 5.8% | +11.8% | $74,020 |
| 3BR | $179,917 | $1,520 | 6.1% | +10.5% | $59,972 |
| 4BR | $205,500 | $1,750 | 6.1% | +10.1% | $51,375 |
| 5BR | $221,140 | — | — | +9.4% | $44,228 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13905 Compare?
| Metric | 13905 | Binghamton | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $194,251 | $60,810 | N/A | $505,608 |
| 5-Year CAGR | 8.6% | 7.9% | N/A | 6.6% |
| Avg Rent | $1,340 | $1,211 | N/A | - |
| Cap Rate | 5.4% | 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 13905 (Binghamton, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,251 |
| Monthly Rent | $1,340 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | -34.2% ▼ |
| 3-Year CAGR | -7.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). 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 13905
Population: 28,370
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 13905
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
JOHNSON CITY ELEMENTARY/INTERMEDIATE SCHOOL
JOHNSON CITY ELEMENTARY/PRIMARY SCHOOL
JOHNSON CITY MIDDLE SCHOOL
JOHNSON CITY SENIOR HIGH SCHOOL
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 are vacancy rates like in Binghamton, NY?
Vacancy risk in Binghamton, NY is elevated. That supports measured cash flow for typical rental holds.
Is it easy to find good tenants in Binghamton, NY?
Tenant quality in Binghamton, NY ranks as solid. Landlords generally report stable occupancy at market rents of $1,340/mo.
Is Binghamton, NY a friendly market for rental owners?
Binghamton, NY operates under NY law, which is tenant-protective overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Can I live-in-and-rent in Binghamton, NY?
Binghamton, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $194K price point reasonable to enter.
What is the typical home price in Binghamton, NY?
Median home price in Binghamton, NY is near $194K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 13905 now. You don’t know where it ranks.
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How 13905 ranks in Binghamton, NY
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