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 DifferenceBETTER
$14,958
Median Home Price
$824,578.55
Median Rent
$3,016.38/mo
Price-to-Rent Ratio
22.8
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+3.7%
Price Change (5Y)BETTER
+18.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$528,335
Key Differences
Home Prices
Binghamton's median home price of $187,105.85 is lower than Yonkers's $824,578.55 by 77%.
Monthly Rent
Renting in Binghamton costs $1,420.75/mo compared to $3,016.38/mo in Yonkers—a difference of $1,595.63/mo.
Buy vs Rent Verdict
Binghamton favors either option, while Yonkers favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.