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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $125,530
- 1-year price change: +11.1%
- 5-year price change: +56.2%
#5. Waverly, NY
- Typical home value: $142,024
- 1-year price change: +4.1%
- 5-year price change: +30.2%
#4. Endicott, NY
- Typical home value: $162,759
- 1-year price change: +9.1%
- 5-year price change: +43.1%
#3. Whitney Point, NY
- Typical home value: $170,517
- 1-year price change: +7.0%
- 5-year price change: +49.1%
#2. Endwell, NY
- Typical home value: $181,404
- 1-year price change: +12.2%
- 5-year price change: +50.4%
#1. Apalachin, NY
- Typical home value: $196,904
- 1-year price change: +7.3%
- 5-year price change: +55.4%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
