13905, Binghamton, NY

Home Equity and Home Prices in 13905 Binghamton, NY

The 13905 zip code of Binghamton, NY has a median home value of $128,000. This is lower than the statewide median home value of $177,500. The 13905 zip code also has a lower than average percentage of homes with mortgages at 66%. This indicates that many homeowners in this zip code are able to borrow against their home equity to cover some or all of their monthly mortgage payments.

The average sale price for homes in the 13905 zip code was $130,000 in 2017. This is higher than the statewide average sale price of $127,500 but still below the national average sale price of $225,000.

The 13905 zip code has a low percentage (27%) of households earning more than $200,000 per year. This indicates that many homeowners in this area are not able to afford to purchase a home at or above the median sale price.