Binghamton Fair Market Rent FY 2020 Binghamton, NY MSA Rental Data

Fair Market Rent prices in Binghamton are average compared to the national average. This FMR area is more expensive than 73% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Binghamton is $820 per month.

The previous year, rent for a two-bedroom home was $830 per month. This is a 1.2% decrease year-over-year.

This FMR rate applies to Bible School Park, NY, Willet, NY, Chenango Bridge, NY, Tunnel, NY, Ouaquaga, NY, Corbettsville, NY, Killawog, NY, Endwell, NY, Glen Aubrey, NY, Nineveh, NY and other cities within the region. The Metro Code or CBSA code for this region is METRO13780M13780.

Additionally, This Fair Market Rent (FMR) area Binghamton, NY MSA spans one county or city in New York which is listed in the table below. Estimated population of Binghamton, NY MSA FMR area is 196,125 people based on latest Census data.

Compared to the rest of New York, the Binghamton FMR area is less expensive than 62% of the state.

Median Rent Prices in Binghamton

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: