Binghamton, NY Rent To Own Homes

Rent-to-Own Homes in Binghamton, New York 

Notorious for its excellent university, Binghamton is a lively city in Upstate New York. The housing prices are inexpensive and there are several major employers to work for. If you love the cold and snow, Binghamton’s weather will be ideal for you. Consider Binghamton when moving to New York. 

Housing Availability

The median home price of a Binghamton home is $96,200, while the national average is closer to $205,000. The median age of a house is 76 years old. However, 57% of all household units are rented. The median rent is $1,061 per month, a 4% decrease from this time last year. One-bedroom apartments cost around $645 per month, while two-bedrooms are about $948 per month. 

Job Opportunities

Binghamton has a steady job market. Higher Education, Manufacturing, Transportation, and Warehousing are four of the largest industries here. The major employers to consider working for are Corning, Lockheed Martin, United Health Services, Broome County Government, and Binghamton University. The median household income is $47,000 per year.

Weather and Climate

Residents of Binghamton enjoy a humid, continental climate, meaning the summers are warm and cloudy, while winters are long and freezing. It is wet and partly cloudy all year. There are about 159 rainy days, accumulating 39”, with June being the wettest month. It snows 65 days per year, producing 22”, with January being the snowiest month. January is also the coldest month, with temperatures often dipping down to 16°F. July is the warmest month, with an average high of 78°F.

Schools and Education 

Binghamton has a total of 10 public schools available, teaching just over 5,000 students. Conversely, there are 7 private schools here, educating 1,000 students. For those interested in higher education, Binghamton University, New York’s number one public college, is located here. Nearly 17,000 students attend annually, many are drawn from all over the state. 

Know Your Neighborhoods 

One of the best places to live in all of New York, Endwell is home to nearly 12,000 people. Many of these residents are young professionals just establishing their adult lives. They enjoy a quiet suburban environment and top-rated public schools. The median home value is $134,000 and the majority of residents own their homes. The median rent is $712. 

Home to just under 2,000 residents, Port Dickinson is another New York favorite. Many residents are young professionals who enjoy a quiet suburban environment. The median home value is $111,000 and just over half the residents own their home. The median rent is $768.

Nearly 3,000 residents call Chenango Bridge home. Popular among young professionals and retirees, Chenango Bridge is a quiet rural town. The median home value is $134,000 and nearly all residents own their homes. The median rent is $794.