Binghamton, NY home prices
Typical home $203,310 · +6.9% in a year · income needed $69,500
The Binghamton, NY metro area ranks 623 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.9% in a year and +39.1% over five years. With 20% down at 7.11%, the typical home costs about $1,623 a month including 2.52% property tax (Broome County rate).
Mortgage on the typical Binghamton home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,662 | $162,648 | $1,094 | $0 | $528 | $1,623 | $69,500 |
| 10% down | $20,331 | $182,979 | $1,231 | $76 | $528 | $1,836 | $78,700 |
| 5% down | $10,165 | $193,144 | $1,299 | $80 | $528 | $1,908 | $81,800 |
| 3.5% down (FHA) | $7,116 | $199,627 | $1,343 | $90 | $528 | $1,961 | $84,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.52% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Binghamton area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Broome County, NY | $201,781 | +6.7% | 2.52% |
| Tioga County, NY | $209,229 | +7.8% | 2.33% |
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Frequently asked questions
How much is a house in Binghamton?
The typical home in the Binghamton, NY metro area is worth $203,310 (Zillow, September 2026).
What salary do you need to buy a house in Binghamton?
About $69,500 a year for the typical home with 20% down at 7.11%.