Rent to own Homes in Binghamton, NY
Financial Centre of the Metropolitan Area! Even though the metropolitan area includes many communities including Endicott, Hancock and Johnson City, Binghamton still remains the financial center. The thriving economies include technology, healthcare and aerospace, creating thousands of well paid jobs. Well known companies located here include Dick's Sporting Goods, Lockheed Martin, the Binghamton University and United Health Services.
Binghamton, NY is a great place for affordable rent-to-own homes! With a median household income of over $35,730 and a median rent of $753, the Binghamton, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Binghamton, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Binghamton, NY Property Resources
Rent to own Homes in Cities Near Binghamton, NY
- Apalachin
- Binghamton
- Binghamton University
- Brackney
- Castle Creek
- Chenango Bridge
- Chenango Forks
- Conklin
- Crest View Heights
- Endicott
- Endwell
- Factoryville
- Friendsville
- Great Bend
- Hallstead
- Harford
- Harpursville
- Hop Bottom
- Jackson
- Johnson City
- Kingsley
- Kirkwood
- Laceyville
- Lanesboro
- Lawton
- Le Raysville
- Little Meadows
- Maine
- Mehoopany
- Meshoppen
- Montrose
- New Milford
- Nicholson
- Oakland
- Port Crane
- Port Dickinson
- South Gibson
- Springville
- Stevensville
- Sugar Run
- Susquehanna
- Susquehanna Depot
- Tioga Terrace
- Tunkhannock
- Vestal
- Warren Center
- Windsor
Neighborhoods in Binghamton, NY
Westside rent to own homes Eastside rent to own homes Northside rent to own homes First Ward rent to own homes Ely Park rent to own homes Center City rent to own homesPopular Zip Codes in Binghamton, NY
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Binghamton, NY is seeing rapid growth and Binghamton, NY's' housing market remains optimal with an average home price that is -57% below the 2024 national average. Binghamton, NY is part of Broome county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Broome is 2.43% which is above the national average, which is 0.99%.
Median Home Price in Binghamton, NY
Median Rent in Binghamton, NY
Top 10 Reasons to live in Binghamton
Diverse Art Galleries! Enjoy a weekend exploring the diverse and beautiful art works in the numerous art galleries. The Anthony Brunelli Fine Arts Gallery features internationally recognized artists. Art work from diverse cultures can be explored at the Binghamton University Art Museum.
Rising Real Estate Values! If you are considering purchasing real estate in Broome County, Binghamton, now is a great time. Consider the following; the median home sales price increased 18.4% over the past year from March 2013 to March 2014. First time home buyers can break into this great real estate market by looking at the available rent to own homes.
Rising Values but still Affordable! Even with the rising real estate values, there is still good value to be found. The average house price is $124,200 and the median list price per square foot in Binghamton Metro is $80. This is much lower then the New York average of $172! Rent to own houses are a viable option for many people in popular neighborhoods like The First Ward and the West Side.
The Parlor City! Binghamton has been honored with this name because of it's majestic Romanesque Revival Architecture in the city's center and its collection of ornate mansions. You can find these magnificent buildings in the Court Street Historic District. If you love to be surrounded by unique architecture consider purchasing or renting a home in the downtown core.
Thriving Performing Arts! Enjoy the wonderful symphonic music from the Binghamton Philharmonic orchestra or if opera is more to your liking, the Tri-Cities Opera performs at the Broome County Forum. If you would rather perform at an amateur level, the popular Cider Mill Playhouse might be more to your liking!
Attractive Cost of Living! The cost of living in Binghamton compared to New York State is very attractive for anyone looking to relocate to the city. It is 32.9% less than the New York average and 16.2% less than the national average. This results in a reasonably priced rental environment, especially if you are looking for rent to own options.
Impeccable Golf Courses! Golf lovers, book your tee off times! A wide range of greens await you from impeccably manicured rolling hills to scenic greens. The Vestal Hills Country Club offers an outdoor patio with breathtaking views and indoor seating to catch up on your favorite sports game. Visit the nearby premier public links at Hiawatha Landing in Apalachin, and test your skills on the windswept sand bunkers.
Get active! Beautiful trails along the river allow for brisk walking, jogging or cycling while viewing the splendid scenery. Enjoy the views on the Rail Trail which is accessible from the commercial district along the Vestal Parkway.
Old Fashioned Downtown Shopping! Many nearby communities including Endicott, the Union District in Endicott, and Johnson City all offer old fashioned downtown shopping experiences. Explore Antique Row on Binghamton's Clinton Street, just a few blocks from downtown.