Fivemile Point, Binghamton, NY

Fivemile Point — Real Estate & Neighborhood Guide

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Fivemile Point Neighborhood Overview

Fivemile Point is a historic and primarily residential neighborhood located on the west side of Binghamton, New York. It is situated on a prominent bend of the Susquehanna River, directly across from the confluence with the Chenango River, offering some of the city's most picturesque water and valley views. The neighborhood's name originates from its location five miles from the original Binghamton courthouse, marking it as a distinct settlement point in the area's early development.

The area has a rich history tied to transportation and industry, once home to a busy steamboat landing and later a trolley park that attracted visitors from across the region. Today, Fivemile Point is characterized by its quiet, tree-lined streets, a mix of architectural styles from early 20th-century homes to mid-century ranches, and a strong sense of community. Its elevated position provides a semi-suburban feel while remaining just minutes from downtown Binghamton and major routes like Route 17 (future I-86).

Housing & Real Estate

The housing stock in Fivemile Point is diverse, featuring a collection of well-maintained Colonial Revivals, Cape Cods, Tudors, and American Foursquares dating from the 1920s to 1950s, alongside more modern split-levels and ranches. Many properties are on larger, landscaped lots, with homes on streets like Fivemile Point Road and Riverside Drive boasting exceptional river views that are highly sought after. The neighborhood is overwhelmingly owner-occupied, with a high rate of long-term residency that contributes to its stable character.

Real estate prices in Fivemile Point are typically above the Binghamton city average, reflecting the desirable location, views, and larger lot sizes. The market is competitive for move-in ready historic homes with original charm. Recent trends show steady interest from professionals, university staff, and families looking for a quiet neighborhood with a strong identity, good access to amenities, and the aesthetic benefits of its unique riverside setting.

Schools & Education

Fivemile Point is served by the Binghamton City School District. Students typically attend either Theodore Roosevelt Elementary School or Benjamin Franklin Elementary School for early grades, progressing to West Middle School and Binghamton High School. The high school is known for its diverse academic programs, including the prestigious International Baccalaureate (IB) Diploma Programme, and strong extracurricular offerings.

For private education, several options are nearby, including Seton Catholic Central School and local parochial schools. The neighborhood's proximity to Binghamton University (approximately a 10-minute drive) is a significant asset, providing access to cultural events, lectures, and lifelong learning opportunities. This connection to higher education influences the community, with a number of faculty and staff choosing to reside in the area.

Parks & Recreation

The neighborhood's crown jewel is its direct access to the Chenango Riverfront Promenade and the broader Binghamton River Trail system. Residents can easily walk or bike along the scenic paths that trace the Susquehanna and Chenango Rivers, connecting to parks and destinations throughout the city. The nearby Cheri A. Lindsey Memorial Park offers playground facilities, sports fields, and river access, serving as a community hub for outdoor activity.

Recreational opportunities are abundant, with boating, kayaking, and fishing readily available on the rivers. Golfers have quick access to the Ely Park Golf Course. The neighborhood's own quiet streets and hills are popular for walking and jogging, especially given the panoramic views. While Fivemile Point itself is residential, its central location provides easy drives to larger recreational facilities like the Binghamton University Events Center and the Floyd L. Maines Veterans Memorial Arena.

Local Dining & Shopping

Fivemile Point is not a major commercial district, but it benefits from its proximity to key corridors on the West Side. A short drive brings residents to a variety of local favorites, including casual dining spots, pizzerias, and family-owned restaurants along Main Street and Leroy Street. The nearby West Side offers a growing selection of cafes and eateries that cater to both Binghamton University students and long-time residents.

For everyday shopping, residents utilize the Weis Markets on Main Street and the larger Price Chopper plaza on Upper Front Street, which also houses various retail and service businesses. The neighborhood's location provides convenient access to both downtown Binghamton's niche shops and the more extensive retail offerings at the Oakdale Commons in Johnson City, all within a 10-15 minute drive.

Who Lives Here

Fivemile Point attracts a mix of established families, empty-nesters, and professionals who value its quiet, scenic atmosphere and strong community bonds. The population tends to be well-educated, with many residents working in education, healthcare, and professional services at institutions like Binghamton University, UHS, and Lourdes Hospital. There is a notable sense of pride of ownership and neighborhood stewardship among residents.

The community vibe is one of understated stability and neighborliness. It draws those seeking a peaceful residential setting with character, without being isolated from the city's amenities. The combination of historic homes, river views, and convenient access creates a niche appeal for individuals and families looking for one of Binghamton's most distinctive and desirable neighborhoods.

Fivemile Point Market Data

MetricValue
Median Home Price$129K
Median Gross Rent$1K/mo
Median Household Income$73K
Homeownership Rate79.1%
Renter-Occupied20.9%
Rental Vacancy Rate13.8%
Market TypeBuyer's
Primary ZIP Code13748

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