Rankings/Binghamton, NY

Binghamton, NY

NeutralTier 1CBSA 13780Compare

Risk Rank: #177 of 287Month: 2025-12Score change (12m):↓ -18

46score

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

Cycle Phase

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

Recovery

Expansion

Hypersupply

Recession

In Recovery for 2 months·Previously: Recovery

Market conditions are rebuilding after a correction period

Recovery

Expansion

Hypersupply

Recession

Binghamton's housing market shows average risk, ranking 177th of 287 metros. The market recently entered Recovery. Inventory is growing moderately (-11% YoY) with stable liquidity.

Executive Summary

Risk is Neutral, driven primarily by price momentum and migration. The market is in Recovery phase. Liquidity is stable and valuation is balanced.

Top Risk Drivers (This Month)

Price Momentum

p97 (highest risk decile)

12-month HPI change

Migration

p72 (moderate)

Net AGI migration (risk inverted)

Affordability

p54 (moderate)

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

-0.1%p64

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

Factor Breakdown

Price Momentum97

12-month HPI change — higher = overheating

Permit Growth17

YoY permit change — higher = supply pressure

Permits per Capita10

Permits per 1,000 residents — higher = overbuilding risk

Affordability54

Mortgage payment / income — higher = more burdened

Employment23

12-month employment change (risk inverted)

Migration72

Net AGI migration (risk inverted)

Underlying Values

Metric	Value	Pctile
Price Momentum	+7.2%	p97
Permit Growth	-20.9%	p17
Permits/1K Pop	1.55	p10
Affordability	0.28	p54
Employment	+0.9%	p23
Net AGI Migration	-$22K	p72

National ContextDoes not affect score

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)

-74 bpsNormal

Mortgage Risk Premium

+189 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

0.91High

Completion-Permit Divergence

-3.2 ppNormal

Accumulating for 3 quartersData through 2025-Q4

Local SignalsDoes not affect score

Liquidity

Stable↓

Active Listings YoY-10.9%

Days on Market YoY-14.7%

AssessmentBalanced conditions

Stable for 8 monthsData through Dec 2025

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-Q3

Permits2025-12

Income2024

Employment2025-12

Migration2022