Median Home PriceBETTER
$187,105.85
Median RentBETTER
$1,420.75/mo
Price-to-Rent RatioBETTER
11.0
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+3.1%
Price Change (5Y)BETTER
+15.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,958
Median Home Price
$269,412.43
Median Rent
$1,499.49/mo
Price-to-Rent Ratio
15.0
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.0%
Price Change (5Y)
+14.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$113,698
Key Differences
Home Prices
Binghamton's median home price of $187,105.85 is lower than Rochester's $269,412.43 by 31%.
Monthly Rent
Renting in Binghamton costs $1,420.75/mo compared to $1,499.49/mo in Rochester—a difference of $78.74/mo.
Buy vs Rent Verdict
Binghamton favors either option, while Rochester favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.