Foreclosure Homes in Binghamton, NY 13903

Current Market Conditions in Binghamton, NY

The Binghamton real estate market is currently experiencing moderate growth, fueled by a steady demand for affordable housing. With stable employment opportunities and a strong student population due to nearby universities, the city is attracting first-time homebuyers and investors alike. Home prices have shown a steady increase, particularly in family-friendly neighborhoods.

In recent months, the market has seen a competitive environment with low inventory levels. Buyers are encouraged to act quickly on listings to secure their desired homes. Upscale renovations and new developments are also apparent, enhancing the appeal of certain areas for potential buyers looking for modern comforts.

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.