Binghamton, NY Real Estate
According to census data in the year 2000 there were 23,971 housing units in Binghamton.
This represents a 2.7% decline from 24,626 in 1990.
Of those housing units, 23,955 were located in either urbanized areas or urban clusters, and 16 were located in what is classified as a rural area.
Homeownership rate in Binghamton is about 43%.
Binghamton's vacancy rate, including seasonal lodging, is about 12%.
Average household size is 2.19 people.
The majority of houses, apartments or condos in Binghamton were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 19.90% |
| Two Bedrooms | 30.60% |
| Three Bedrooms | 31% |
| Four Bedrooms | 10.70% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $66,500 |
| Median Price asked for vacant units | $47,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $370 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 46.40% |
| Debt Free | 42.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
