Market Overview
Home Prices in Binghamton, NY
The median home value in Binghamton, NY is $193,778 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Binghamton are priced53% below average. Binghamton is part of the Binghamton, NY metro area.
Price History
Binghamton Home Price Trend
2024
$177,366
$177K
—
2025
$184,780
$185K
+4.2%
2026
$193,778
$194K
+4.9%
City Comparison
Binghamton vs. National Median
🏠 Binghamton
$193,778
National Median
$410,000
At $193,778, homes in Binghamton cost 53% below the national median of $410,000. This makes Binghamton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Binghamton?
20% Down Payment
$38,756
on $193,778
Monthly P&I
$1,011/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,284/mo
incl. taxes & insurance
Income Needed
$51,360
gross annual (30% rule)
10% Down Option
$19,378
+ PMI applies
Loan Amount (20% dn)
$155,022
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Binghamton, NY?
The median home value in Binghamton is $193,778 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Binghamton?
Over the past year, home values in Binghamton have increased by 4.9%.
How much do I need to earn to buy a home in Binghamton?
To comfortably afford the median home price of $193,778 with a 20% down payment ($38,756) at today's rates (6.8%), you'd need a gross annual income of approximately $51,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Binghamton compare to the national average home price?
The national median home value is approximately $410,000. At $193,778, homes in Binghamton are 53% below the national average.
What metro area is Binghamton part of?
Binghamton is part of the Binghamton, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.