Median Home PriceBETTER
$187,105.85
Median Rent
$1,420.75/mo
Price-to-Rent RatioBETTER
11.0
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.1%
Price Change (5Y)
+15.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,958
Median Home Price
$282,437
Median RentBETTER
$1,371.25/mo
Price-to-Rent Ratio
17.2
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+3.5%
Price Change (5Y)BETTER
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$143,876
Key Differences
Home Prices
Binghamton's median home price of $187,105.85 is lower than Buffalo's $282,437 by 34%.
Monthly Rent
Renting in Binghamton costs $1,420.75/mo compared to $1,371.25/mo in Buffalo—a difference of $49.5/mo.
Buy vs Rent Verdict
Binghamton favors either option, while Buffalo favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.