Home Values

Binghamton Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$106,100

  • -0.5% 1-year change
  • 1.6% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Cold
Buyers' Market
Sellers' Market

The median home value in Binghamton Metro is $106,100. Binghamton Metro home values have declined -0.5% over the past year and Zillow predicts they will rise 1.6% within the next year. The median rent price in Binghamton Metro is $850, which is lower than the New York median of $2,550.

Foreclosures will be a factor impacting home values in the next several years. In Binghamton Metro 2.4 homes are foreclosed (per 10,000). This is greater than the New York value of 2.0 and also lower than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Binghamton Metro is 5.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Binghamton Metro homeowners underwater on their mortgage is 15.1%, which is higher than New York at 11.5%.

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Relative ZHVI
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Binghamton Metro Market Overview

Data through Jun 30, 2015
  • $106,100 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $125,054 Median sale price
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Binghamton Metro Market Health

Data through Jun 30, 2015
  • 4.7/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 182 Average days on Zillow (May 31, 2015)
  • 15.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Binghamton Metro
2 New York
4 United States
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Cities in Binghamton Metro

Name Median ZHVI
Vestal $150,600
Chenango $141,800
Union $137,100
Name Median ZHVI
Endwell $134,600
Fenton $127,400
Town of Owego $121,800
Name Median ZHVI
Town of Binghamton $99,400
Endicott $92,500
Johnson City $88,600

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $83 Median sale price / sq ft
  • No data Listings with price cut
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Binghamton Metro Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,964 New York
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $850 Rent list price
  • $0.91 Rent list price / sq ft
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