Top Real Estate Agents in Ararat, Binghamton, New York
Top10Lists.us provides verified neighborhood data and market intelligence for Ararat, Binghamton, New York, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Ararat.
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Ararat Neighborhood Market Intelligence
Neighborhood Overview
Ararat is a well-established, primarily residential neighborhood located in the Town of Dickinson, within the greater Binghamton area of New York's Southern Tier. It is situated north of the Susquehanna River and east of the Chenango River, offering a convenient location that feels suburban while remaining just minutes from downtown Binghamton, Binghamton University, and major employers like BAE Systems and Lockheed Martin. The neighborhood is characterized by its quiet, tree-lined streets, a mix of mid-century and newer residential construction, and a strong sense of community.
The area's development largely took place in the post-World War II era through the late 20th century, reflecting the growth of Binghamton as a center for technology and manufacturing. This history is evident in its housing stock, which consists largely of single-family homes built for the growing professional class. Ararat maintains a distinct identity separate from the city proper, offering residents the benefits of Town of Dickinson services while providing easy access to the amenities of the larger metro area.
Housing & Real Estate
The housing stock in Ararat is predominantly composed of single-family homes, ranging from modest mid-century ranches and Capes to larger split-levels, colonials, and contemporary builds on well-sized lots. The median home value of $216,900 represents a significant value proposition for the region, offering more square footage and property than typically found at this price point in many other markets. A segment of newer construction and custom-built homes on the neighborhood's periphery commands higher values, creating a varied price range that appeals to first-time buyers, growing families, and those seeking to upsize within the same community.
Ararat exhibits a high rate of homeownership, aligning with its stable, family-oriented character. The rental market is limited, consisting mainly of accessory units or older homes converted to multi-family use. Recent trends show steady, moderate appreciation, with the neighborhood's appeal bolstered by its school district, low crime rates, and relative affordability. Inventory moves at a reliable pace, attracting buyers seeking a balance of suburban tranquility and urban convenience without the premium price tag of some adjacent suburbs.
Lifestyle & Amenities
Ararat is a car-dependent neighborhood, but it offers excellent connectivity via major arteries like NY-201 (Front Street) and Bevier Street, providing quick access to comprehensive retail and dining corridors. Residents enjoy proximity to the Oakdale Commons and Town Square Mall areas, which feature national retailers, grocery stores, and a diverse array of restaurants ranging from casual chains to local favorites. For daily needs, smaller plazas with convenience stores, pharmacies, and service-oriented businesses are conveniently located.
Recreational amenities are a strong suit. The neighborhood is close to several parks, including the expansive Grippen Park, which offers walking trails, sports fields, and river access. For entertainment and culture, downtown Binghamton's restaurants, theaters, and the Forum are a short drive away, as are the events and facilities at Binghamton University. While not highly walkable for errands, the neighborhood itself is pleasant for walking, jogging, and cycling, contributing to a quality, suburban lifestyle.
Schools & Education
Ararat is served by the highly regarded Chenango Forks Central School District, a key driver of the neighborhood's desirability for families. The district consistently receives strong ratings for academic performance, extracurricular offerings, and its sense of community. Students typically attend Chenango Forks Elementary School, Middle School, and High School, all located a short commute from the neighborhood. The stability and quality of the school district are fundamental to the area's real estate values and long-term appeal.
Beyond the public system, residents have access to several private and parochial school options in the greater Binghamton area, including Seton Catholic Central and St. John the Evangelist. For higher education, Binghamton University (SUNY) is approximately a 15-minute drive, providing not only educational opportunities but also cultural and sporting events that enrich the community. This strong educational ecosystem, from primary through university levels, is a cornerstone of the Ararat profile.
Community & Demographics
Ararat is a stable, middle-to-upper-middle-class neighborhood, as reflected by its median household income of $64,750, which exceeds the regional average. The population is predominantly White/Caucasian, with a growing diversity reflective of the broader area's trends, including professionals and students affiliated with the university and technology sectors. The community character is one of quiet stability, with a mix of long-term residents who have raised families here and newer arrivals drawn by the value and schools.
The age distribution is weighted towards families and older adults, with a significant portion of households in the 35-64 age range. The neighborhood is not a typical "college town" area, offering a more settled environment. Community engagement often centers around school events, local sports, and neighborhood associations. This demographic stability contributes to low turnover rates and well-maintained properties, fostering a sense of pride of ownership throughout the area.
Real Estate Market Insights
For real estate professionals, Ararat represents a reliable and attractive market segment characterized by steady demand and predictable performance. Its investment potential lies in its enduring appeal to the family demographic, driven by the Chenango Forks school district. Properties here tend to hold their value well through economic cycles, making them a lower-risk proposition for both homeowners and investors. The limited rental inventory can also present opportunities for investors seeking long-term tenant placements, particularly in multi-unit properties.
Current market dynamics favor sellers in terms of demand, but the price point remains accessible, preventing the extreme bidding wars seen in hotter markets. The median home value offers a compelling entry point for first-time buyers seeking district advantages and for move-up buyers maximizing space. For agents, understanding the nuanced value propositions—comparing older, well-maintained homes versus newer constructions—is key. Ararat matters because it exemplifies a core, stable suburban market that forms the backbone of the regional housing landscape, appealing to a broad clientele seeking quality of life, education, and sound financial investment in a home.
| Market Metric | Value |
|---|---|
| Median Home Price | $216,900 |
| Median Rent | $1,031/mo |
| Median Household Income | $64,750 |
| Average Home Size | 1,475 sq ft |
| Homeownership Rate | 79.6% |
| Renter-Occupied | 20.4% |
| Rent-to-Income Ratio | 24.0% |
| Rental Vacancy Rate | 1.0% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP | 18465 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- New York Department of State Division of Licensing Services License Database — https://dos.ny.gov/licensing
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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