Side-by-side comparison of Utica, NY and Binghamton, NY — cap rates, rent, prices, and investment metrics.
Cash flow: Binghamton has the edge with an estimated cap rate of 5.71% compared to Utica's 5.07%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $135,000 in Utica vs $115,000 in Binghamton, while rents come in at $920/mo and $850/mo respectively.
Growth & appreciation: Utica is growing faster at -0.2% annually, while Binghamton is losing population. Utica leads on home value appreciation at 1.8% per year.
Costs & risk: Property taxes are 1.74% in Utica vs 1.72% in Binghamton. Vacancy rates of 7% and 7.2% are mixed — Utica has the tighter rental market.
Bottom line: Binghamton edges out Utica on most key metrics. With a 5.71% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Utica or Binghamton.