Top Real Estate Agents in Loomis, Binghamton, New York
Top10Lists.us provides verified neighborhood data and market intelligence for Loomis, 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 Loomis.
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Loomis Neighborhood Market Intelligence
Neighborhood Overview
Loomis is a quiet, residential neighborhood located on the West Side of Binghamton, New York. Characterized by its tree-lined streets and a strong sense of community, Loomis offers a suburban feel within city limits. It is conveniently situated between the commercial corridor of Main Street to the north and the Susquehanna River to the south, providing residents with easy access to both urban amenities and natural scenery. The neighborhood is primarily bounded by Leroy Street to the east, the Binghamton University Downtown Center influence to the southeast, and residential areas extending westward.
The neighborhood's history is intertwined with Binghamton's development as a manufacturing hub in the early-to-mid 20th century. Many of its homes were built to house the executives and skilled workers of the nearby Endicott Johnson shoe factories and other industries. This legacy is reflected in the solid construction and varied architectural styles found throughout its blocks. Today, Loomis maintains a stable, family-oriented character, appealing to first-time homebuyers, young families, and long-term residents who value its affordability and proximity to downtown Binghamton's revitalization efforts.
Housing & Real Estate
The housing stock in Loomis is predominantly composed of single-family homes, with a notable mix of American Foursquares, Cape Cods, and classic bungalows built from the 1910s through the 1950s. These homes typically feature two to four bedrooms, spacious yards, and durable construction materials like brick and clapboard siding. The median home value of $139,200 significantly undercuts both state and national averages, representing a key value proposition for the area. Prices generally range from the low $100,000s for a fixer-upper to the mid-$200,000s for larger, fully renovated properties.
Loomis exhibits a strong owner-occupancy rate, fostering neighborhood stability and pride of ownership. While the majority of units are owner-occupied, there is a segment of smaller multi-family homes (duplexes) and rental properties, often catering to students and staff from nearby Binghamton University and the SUNY Broome Community College area. Recent market trends show steady demand due to the neighborhood's affordability and inventory that is often more accessible than in the hotter markets of the surrounding Southern Tier suburbs.
Lifestyle & Amenities
Loomis is a neighborhood where daily needs are met with convenience. While primarily residential, its perimeter along Main Street offers a variety of practical amenities, including grocery stores, pharmacies, local banks, and essential services. Dining options range from classic Binghamton diners and pizzerias to a growing selection of ethnic restaurants reflecting the city's diverse community. For more extensive shopping and entertainment, residents have quick access to downtown Binghamton's restaurants, bars, the Forum Theatre, and the Floyd L. Maines Veterans Memorial Arena.
Recreation is anchored by several nearby green spaces. The neighborhood is a short distance from the Chenango River Promenade and Confluence Park, where the Chenango and Susquehanna Rivers meet, offering walking trails and scenic views. Recreation Park, with its historic carousel, sports fields, and golf course, is also easily accessible. Walkability is moderate within the neighborhood's core, but a car is generally needed for most errands. Public transit is provided by BC Transit bus lines along major arteries, connecting residents to employment centers, healthcare facilities, and educational institutions throughout Broome County.
Schools & Education
Loomis is served by the Binghamton City School District. Students typically attend either Theodore Roosevelt Elementary or Benjamin Franklin Elementary for their primary years, progressing to West Middle School and ultimately Binghamton High School. The district offers a range of academic programs, including International Baccalaureate (IB) and Advanced Placement (AP) courses at the high school level, alongside robust arts and athletics departments. School performance metrics vary, reflecting the broader urban district challenges and opportunities.
The neighborhood's proximity to higher education is a significant asset. Binghamton University's Downtown Center is within a short drive, and the main campus in Vestal is approximately a 15-minute commute. SUNY Broome Community College is also conveniently located. This creates a dynamic where the neighborhood attracts faculty, staff, and graduate students seeking affordable housing close to their institutions. Several well-regarded private and parochial schools, such as Seton Catholic Central, are also options within a reasonable distance for families seeking alternative education.
Community & Demographics
With a median household income of $46,840, Loomis is a solidly working and middle-class neighborhood. The income level is competitive for the region and supports a cost of living that is manageable for families and professionals. The population is a blend of long-term, multi-generational Binghamton residents and newer arrivals drawn by the affordable housing market and the presence of the universities. This mix creates a community character that is both rooted and gradually evolving.
Demographically, the neighborhood reflects Binghamton's diversity, with a population that includes White, Black, Asian, and Hispanic/Latino residents. Age distribution is broad, encompassing young families, middle-aged homeowners, and a segment of retired seniors who have aged in place. The overall feel is one of quiet stability. Community engagement often centers around neighborhood watch associations, local church activities, and support for the public schools, contributing to a strong and vigilant sense of place.
Real Estate Market Insights
For real estate professionals, Loomis represents a critical market segment of entry-level and value-driven housing in the Binghamton MSA. Its median home value, nearly 40% below the national median, positions it as a high-opportunity neighborhood for first-time homebuyers, investors, and buyers priced out of more competitive suburban markets. The steady demand from university affiliates provides a consistent rental market for suitable investment properties. The neighborhood's inherent stability, coupled with its affordability, mitigates significant downside risk, making it a relatively safe investment in the current economic climate.
Current market dynamics favor sellers due to sustained low inventory levels regionally, but Loomis remains more balanced than premium suburbs, offering opportunities for buyers. Homes that are updated or well-maintained often receive multiple offers and sell quickly, while those needing work present value-add opportunities for investors or owner-occupants willing to renovate. The neighborhood's relevance for real estate professionals lies in its role as a bellwether for urban affordability and its appeal to a demographic (young professionals, academic staff) that is crucial for the region's long-term vitality. As downtown Binghamton continues its revitalization, adjacent stable neighborhoods like Loomis stand to benefit
| Market Metric | Value |
|---|---|
| Homeownership Rate | 100.0% |
| Renter-Occupied | 0.0% |
| Market Type | Balanced |
| Market Tier | Unknown |
| Primary ZIP | 13847 |
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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