Foreclosure Homes in Binghamton, NY 13903

Buyer vs Seller Market in Binghamton, NY

The real estate market in Binghamton has been gaining traction due to an influx of new residents attracted by affordable housing and a thriving job market. Home prices have remained relatively stable, making it an ideal location for first-time buyers and investors looking for rental properties.

There has been a noticeable increase in demand for single-family homes, particularly in family-friendly neighborhoods, as young professionals and families are relocating to the area for better opportunities. This trend is expected to continue as the local economy grows.

Rent Prices In Binghamton, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Binghamton, NY, is on a rollercoaster ride. The average rent price in Binghamton, NY, is $1,240.00. Indeed, when looking to rent in Binghamton, NY, you can expect to pay as little as $590.00 or as much as $4,020.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Binghamton, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.