Binghamton, NY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Binghamton short-term rental market based on reliable data.

Listings

200 / 600

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$20,022

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$187,281

Median Home Sale Price

Top Earners

$44,543

Top-Earners Revenue

Binghamton

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Binghamton.

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B

Generally Investor friendly

Binghamton Regulations

STRs are permitted citywide, no city registry/ban or stated caps, and investors only pay standard state registration and hotel‑style occupancy taxes. The state’s 2025 regime centralizes registration and compliance, with platforms verifying IDs and remitting taxes; local rules hinge on standard zoning/housing codes (Chapter 265) and optional coordination for safety inspections, keeping the process moderate and manageable for investors.

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About Binghamton

Binghamton is a city in Broome County, New York, situated in the state's Southern Tier at the meeting of the Susquehanna and Chenango rivers. The city has a population of roughly 47,000 residents and anchors a metropolitan area of around a quarter-million people. Once a bustling manufacturing center and the original home of IBM, modern-day Binghamton has a quiet, mid-sized feel with tree-lined neighborhoods, a compact downtown, and easy access to the rolling hills and forests of upstate New York. The surrounding region bills itself as the "Carousel Capital of the World" because of its cluster of restored historic carousels, and the city also has a claim to fame as the boyhood home of Twilight Zone creator Rod Serling. Binghamton sits roughly 75 miles south of Syracuse and approximately 175 miles northwest of New York City, making it a natural base for travelers exploring the Southern Tier, the Catskills, and the northern reaches of Pennsylvania.

A short walk through the residential blocks east of downtown leads to the Phelps Mansion Museum, a beautifully preserved 1870s Gilded Age home that gives visitors a glimpse into the wealthy industrialist era that shaped the region. The mansion, set on a leafy parcel with original period furnishings, offers guided tours that contrast the opulence of the period with the everyday life of the workers who powered the city's factories.

Downtown Binghamton also includes the Bundy Museum of History and Art, a former industrial complex turned cultural hub that hosts rotating exhibits on local history, photography, and contemporary art. Just north of the city, Otsiningo Park spreads along the Chenango River, providing picnic space, seasonal festivals, and walking trails. The park is also home to the Discovery Center of the Southern Tier, a hands-on science and play space geared toward families and traveling children.

About an hour's drive to the west, the city of Ithaca and its surrounding gorges make an easy day trip. Visitors come for Cornell University's campus, the dramatic waterfalls of Buttermilk Falls and Taughannock Falls state parks, and the deep gorge at Robert H. Treman State Park. About 70 miles north of Binghamton, Cooperstown draws fans of the National Baseball Hall of Fame and the picturesque lakefront village along Otsego Lake. To the south, the Catskill Mountains and the Pocono region of northeastern Pennsylvania are within about an hour and a half, offering hiking, skiing, and small-town exploring.

Binghamton works well as a short-term-rental base for travelers who want an affordable, central alternative to the pricier Finger Lakes or Catskills hubs. The city itself offers a handful of cultural stops, while the broader region — carousels, gorges, baseball, hiking, and skiing — radiates out in every direction. A well-located rental in or near downtown gives visitors a quiet, walkable home base with day-trip access to a surprising variety of upstate New York landmarks.

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