Compare Binghamton, NY mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Binghamton.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Binghamton. Plus, shopping lenders is free and there is no obligation.
September 26, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Binghamton. Understand how much you need to earn to afford a home in Binghamton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Binghamton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Binghamton is right for you.
The median home value for Binghamton, NY (Broome County) is $151,529
Based on current mortgage rates and a 10% down payment, you need to make $31,611 per year to buy the median priced home in Binghamton
With this income, you could qualify for a $136,376 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Binghamton is $732
The median household income for Binghamton, NY (Broome County) is $56,403
Based on this income, you can afford a home valued at approximately $270,366
The home price you can afford to buy based on household income in Binghamton is 178% of the median home value which means housing prices are average. Binghamton (Broome County) ranks 24 out of 62 counties in New York and 1,201 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Binghamton, NY is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Binghamton (Broome County) below.
Conforming loan limits for Binghamton, NY
FHA loan limits for Binghamton, NY