Binghamton vs Buffalo
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Binghamton has an edge
Binghamton edges ahead based on overall market conditions.
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.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.