Rankings/Binghamton, NY

Binghamton, NY

NeutralTier 1CBSA 13780Compare

Risk Rank: #176 of 287Month: 2025-12Score change (12m):↓ -18

46score

Composite risk percentile vs 287 metros (higher = higher risk)

Executive Summary

Binghamton's housing market shows average risk, ranking 176th of 287 metros. The market recently entered Recovery. Inventory is growing moderately (-11% YoY) with stable liquidity. Early signs of stabilization — conditions may favor patient buyers.

Binghamton experienced a market correction from late 2024 through late 2024. The market is currently recovering.

Inventory is declining (-11% YoY), indicating a tight market with limited supply.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

2 months in current phase·from Recovery

Market conditions are rebuilding after a correction period

Key Dynamics

Risk is primarily driven by price momentum and migration, while permits per capita provides the most support.

Top Drivers

Price Momentump99

12-month HPI change

Migrationp74

Net AGI migration (risk inverted)

Affordabilityp51

Mortgage payment / income

Market Signals

Inventory is declining (-11% YoY), indicating a tight market with limited supply.

Liquidity

Stable↓

Active Listings YoY

-10.9%p36

Days on Market YoY

-14.7%p23

Months in status8

Data through Dec 2025

Valuation

Balanced—

Rent vs. Price Growth

-1.6%p39

Months in status5

Data through Dec 2025Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumHigh Risk

+8.9%p99

12-month HPI change — higher = overheating

Permit GrowthLow Risk

-20.9%p18

YoY permit change — higher = supply pressure

Permits per CapitaLow Risk

1.55p11

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityNeutral

0.28p51

Mortgage payment / income — higher = more burdened

EmploymentBelow Avg

+0.9%p24

12-month employment change (risk inverted)

MigrationElevated

-$22Kp74

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.

Bank Lending Standards

-5.7Normal

Rate Change (YoY)

-76 bpsNormal

Mortgage Risk Premium

+191 bpsElevated

Stable for 8 quartersData through 2026-Q1

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.92High

Completion-Permit Divergence

+1.9 ppNormal

Accumulating for 4 quartersData through 2026-Q1

Local Signals

Employment Concentration

Employment

Moderate

Largest SectorGovernment 23.7%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2025-11	Rec	57	98	86	53	13	71
2025-10	Exp	57	98	86	53	16	71
2025-08	Exp	60	100	86	53	31	71
2025-07	Rec	59	100	86	53	24	71
2025-05	Rec	65	97	86	47	70	71
2025-04	Hyp	64	98	86	47	66	71
2025-03	Exp	62	95	86	41	61	71
2025-02	Rec	63	98	86	41	65	71
2024-12	Rec	64	92	86	38	81	71
2024-09	Rec	47	17	86	33	55	71
2024-08	Ress	53	37	86	33	71	71
2024-07	Hyp	57	57	86	33	75	71
2024-05	Exp	59	93	86	37	46	71
2024-03	Rec	52	75	86	25	33	71
2024-01	Rec	58	90	86	25	58	71
2023-11	Exp	62	100	86	38	56	71
2023-09	Exp	59	75	86	30	72	71
2023-08	Rec	53	66	86	30	48	71
2023-06	Rec	48	30	86	22	60	71
2023-03	Rec	48	21	86	18	74	71
2023-02	Exp	52	19	86	18	97	71
2022-12	Exp	58	55	86	22	97	71
2022-11	Rec	56	41	86	22	94	71
2022-09	Rec	54	28	86	23	95	71
2022-08	Exp	54	29	86	23	96	71
2022-06	Exp	48	2	86	19	91	71
2022-03	Rec	48	9	86	20	84	71
2022-01	Rec	46	4	86	20	73	71
2021-12	Exp	48	14	86	31	68	69
2021-10	Exp	50	12	86	31	81	69
2021-07	Exp	54	40	86	32	81	69
2021-04	Rec	38	9	86	27	20	69
2021-02	Rec	56	43	86	36	83	69
2021-01	Exp	55	43	86	36	76	69
2020-11	Exp	63	91	86	41	88	53
2020-08	Rec	53	37	86	32	92	53
2020-06	Rec	59	67	86	36	92	53
2020-03	Rec	62	81	86	37	98	53
2019-12	Exp	54	24	86	32	99	62
2019-10	Exp	51	13	86	32	95	62
2019-09	Rec	52	16	86	35	95	62
2019-07	Rec	50	3	86	35	94	62
2019-06	Exp	50	4	86	35	91	62
2019-04	Exp	51	20	86	35	85	62
2019-03	Rec	50	9	86	34	88	62
2019-01	Rec	51	16	86	34	90	62

Data Vintages

Price (HPI)2025-Q4

Permits2025-12

Income2024

Employment2025-12

Migration2022