Binghamton vs Syracuse
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 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.
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.