Cities with the most expensive homes in the Binghamton metro area
Cities with the most expensive homes in the Binghamton metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Binghamton metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 6 cities and towns with data available were included in the list.
#6. Johnson City, NY
- Typical home value: $130,221
- 1-year price change: +12.4%
- 5-year price change: +56.2%
#5. Waverly, NY
- Typical home value: $146,609
- 1-year price change: +4.9%
- 5-year price change: +29.9%
#4. Endicott, NY
- Typical home value: $167,982
- 1-year price change: +9.4%
- 5-year price change: +43.1%
#3. Whitney Point, NY
- Typical home value: $174,752
- 1-year price change: +7.9%
- 5-year price change: +49.7%
#2. Endwell, NY
- Typical home value: $187,711
- 1-year price change: +12.9%
- 5-year price change: +50.9%
#1. Apalachin, NY
- Typical home value: $203,175
- 1-year price change: +7.2%
- 5-year price change: +55.1%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
