Broome County, New York Housing Market Prices
Broome County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 77% below the New York median Cheaper than 72% of counties in New York$110,767
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Median rent 42% below the New York median$941
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Broome County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,767 | $471,885 | $248,835 |
| Price Trend (Annual %) | 5.6% | 7.1% | 7.5% |
| Median Gross Rent | $941 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Broome County is about 77% lower than in New York. Rent is about 42% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Broome County, up about 5.6% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Broome County rose about 33.9% between 2015 and 2024, from $703 to $941. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Broome County.
Buying the median-priced home in Broome County costs roughly 9.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Broome County. The price-to-rent ratio in New York is about 24.3.
| Metric | Broome County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,767 | $471,885 | $248,835 |
| Median Household Income | $63,938 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.7 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Broome County rose about 42.1%, while median household income rose about 44.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Broome County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.8% | 48.8% | 58.5% |
| Rental Rate | 31.2% | 41.1% | 31.2% |
| Vacancy Rate | 12.0% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Broome County has a homeownership rate of 56.8%, higher than the New York average of 48.8%. Its housing vacancy rate is 12.0%, compared with 10.1% in New York.
Housing Stock
| Metric | Broome County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1959 | 1960 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in Broome County was built around 1959. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Broome County, NY Housing Compared With Nearby Counties
Broome County, NY is the largest of the 6 counties compared here, 197,289 residents against a local median of 46,246. Where Broome County, NY breaks from the counties next to it is median home price, sitting 21% below the local median of $139,484 at $110,767.
Homeownership tells the same story from another angle: 64.5% against a local median of 77.9%, 17% below it. The one measure here that carries a verdict is homeownership, and at 17% below the local median it puts Broome County, NY at the weaker end of the local range. The counties themselves spread $191,206 on median home price, so Broome County, NY sits at one end of an already wide local range rather than apart from it. Broome County, NY has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Broome County, NY | 197,289 | $110,767 #4/6 | $941 #3/6 | 64.5% #6/6 |
| Susquehanna County, PA | 38,203 | $157,852 | $933 | 78.5% |
| Chenango County, NY | 46,321 | $79,630 | $875 | 75.4% |
| Tioga County, NY | 47,858 | $86,426 | $928 | 79.1% |
| Cortland County, NY | 46,246 | $139,484 | $983 | 66.3% |
| Wyoming County, PA | 25,938 | $270,836 | $942 | 77.9% |
Frequently Asked Questions
Common questions about the housing market in Broome County, New York.
What is the median home price in Broome County, New York?
The median home price in Broome County, New York is $110,767, lower than the New York average of $471,885.
What is the average home price in Broome County, New York?
The typical home price in Broome County, New York, reported as the median sale price, is $110,767. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Broome County, New York?
The median gross rent in Broome County, New York is $941 per month, lower than the New York average of $1,621.
What was the median gross rent in Broome County in 2020?
In 2020, the median gross rent in Broome County, New York was $781 per month.
What is the price-to-rent ratio in Broome County, New York?
The price-to-rent ratio in Broome County, New York is about 9.8, meaning it would take roughly 9.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Broome County.
Are home prices or rent rising faster in Broome County, New York?
Both home prices and rent are rising in Broome County, up about 5.6% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Broome County, New York?
56.8% of households in Broome County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Broome County, New York?
The housing vacancy rate in Broome County, New York is 12.0%, higher than the New York average of 10.1%.
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