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)
+3.1%
Price Change (5Y)
+15.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$14,958
Median Home Price
$264,378.2
Median Rent
$1,627.12/mo
Price-to-Rent Ratio
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Key Differences
Home Prices
Binghamton's median home price of $187,105.85 is lower than Syracuse's $264,378.2 by 29%.
Monthly Rent
Renting in Binghamton costs $1,420.75/mo compared to $1,627.12/mo in Syracuse—a difference of $206.37/mo.
Buy vs Rent Verdict
Both cities currently favor either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.