Rankings/Binghamton, NY

Binghamton, NY

NeutralTier 1CBSA 13780Compare

Risk Rank: #199 of 273Month: 2026-08Score change (12m):↓ -17

43score

Composite risk percentile vs 273 metros (higher = higher risk)

Executive Summary

Binghamton's housing market shows average risk, ranking 199th of 273 metros. The market recently entered Hypersupply. Inventory levels are elevated, warranting monitoring. Inventory accumulating faster than demand — the market is shifting toward buyers.

Binghamton experienced a market correction from late 2024 through late 2024. Elevated inventory persists, suggesting the market hasn't fully normalized.

Inventory is elevated (+26% YoY) and days on market are up -7% — supply is building but not yet at stress levels.

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

Cycle Phase

RecoveryExpansionHypersupplyRecession

1 month in current phase

Building activity may be outpacing demand absorption

Key Dynamics

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

Top Drivers

Migrationp72

Net AGI migration (risk inverted)

Employmentp64

12-month employment change (risk inverted)

Permit Growthp55

YoY permit change

Market Signals

Inventory is elevated (+26% YoY) and days on market are up -7% — supply is building but not yet at stress levels.

Liquidity

Watch↑

Active Listings YoY

+26.3%p77

Days on Market YoY

-7.0%p33

Months in status1

Data through Aug 2026

Valuation

Balanced↓

Rent vs. Price Growth

+7.1%p99

Months in status1

Data through Aug 2026Rent 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 MomentumLow Risk

-0.4%p7

12-month HPI change — higher = overheating

Permit GrowthNeutral

+3.5%p55

YoY permit change — higher = supply pressure

Permits per CapitaLow Risk

1.82p15

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityNeutral

0.29p43

Mortgage payment / income — higher = more burdened

EmploymentElevated

+0.0%p64

12-month employment change (risk inverted)

MigrationElevated

-$21Kp72

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Oversupply with deteriorating transactions and no credit excuse. Supply-driven correction risk is elevated.

Bank Lending Standards

+0.0Normal

Rate Change (YoY)

+11 bpsNormal

Mortgage Risk Premium

+196 bpsElevated

Stable for 10 quartersData through 2026-Q3

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

0.89Elevated

Completion-Permit Divergence

-19.2 ppNormal

Accumulating for 6 quartersData through 2026-Q3

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
2026-06	Rec	48	63	44	51	45	72
2025-12	Rec	46	99	18	51	24	72
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)2026-Q2

Permits2026-08

Income2024

Employment2026-08

Migration2023