Broome County, New York Housing Market
In Broome County, New York, the median home value is $154,900, with a median monthly rent of $941. This places Broome County at #2144 nationally out of 3134 counties by median home value, and #51 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,154
- Establishments: 4,201
- BLS QCEW, 2025
Housing Supply
- Single-family: 75
- Multi-family: 239
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 77,601 (avg $74,031)
- Outflow: 75,243 (avg $74,624)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Broome County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 13748 | 148.1 | -13.22% | 2025 |
| 2 | 13905 | 252.7 | +12.10% | 2025 |
| 3 | 13901 | 279.1 | +12.21% | 2025 |
| 4 | 13760 | 246.8 | +7.05% | 2025 |
| 5 | 13865 | 334.9 | — | 2025 |
| 6 | 13790 | 257.9 | +1.62% | 2025 |
| 7 | 13850 | 247.6 | +6.56% | 2025 |
| 8 | 13903 | 256.6 | +8.57% | 2025 |
| 9 | 13904 | 206.6 | +1.45% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Broome County Compares
| Metric | Broome County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $154,900 | $281,200 | $227,706 |
| Median Gross Rent | $941 | $1,168 | $968 |
| Owner Occupancy Rate | 64.5% | 69.3% | 73.3% |
| Price/Rent Ratio | 13.7 | 18.4 | 18.7 |
Market Analysis
The median home value in Broome County is 44.9% below the New York state average and 32.0% below the U.S. national average. The median rent of $941/month is 19.4% below the state average.
With a price-to-rent ratio of 13.7, buying a home in Broome County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Broome County has an owner-occupancy rate of 64.5%, compared to 69.3% in New York and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Pike County | Indiana | $154,900 | $739 |
| De Soto Parish | Louisiana | $154,900 | $687 |
| Allegany County | Maryland | $154,900 | $805 |
| Ogemaw County | Michigan | $154,900 | $823 |
| Belmont County | Ohio | $154,900 | $793 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Seneca County | $155,400 | $957 | 71.0% |
| Montgomery County | $157,500 | $940 | 70.4% |
| Oswego County | $151,700 | $967 | 73.4% |
| Tioga County | $160,800 | $928 | 79.1% |
| Herkimer County | $147,700 | $823 | 76.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).