Data updated 2026-08-10 · 92 active rental listings analyzed · 190 SFR sales in comp window
$1,225
3BR Median Rent
$262K
Median SFR Price
2.6%
Est. Cap Rate
5.6%
Gross Yield
Rental Market by Bedroom — Binghampton
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-08-10.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$740/mo
$650 – $795
17 listings
2BR
$865/mo
$790 – $925
46 listings
3BR
$1,225/mo
$995 – $1,225
16 listings
4BR
$1,700/mo
$1,295 – $1,875
12 listings
5BR
$3,000/mo
$3,000 – $3,000
1 listings
Investment Return Estimate
At the median Binghampton SFR sale price of $262,000, using median 3BR rent. Estimates assume 8% management fee, $3,668/yr taxes, $1,100/yr insurance, and $1,176/yr maintenance reserve.
Our numbers come from an operated book, not estimates. Across 35 LPS-managed STR properties with at least 4 months of operational history, our portfolio runs within 0.6 percentage point of each property's own-zip Airbtics market median occupancy — at-market, verified against two independent commercial data sources. For LTR, we reference 92 live competing Binghampton listings to price each door, updated weekly.
We don't claim a premium we can't prove. Our proposals include the actual comp data behind every number.
What does a 3-bedroom house rent for in Binghampton, Memphis?
Based on 16 active 3-bedroom rental listings in Binghampton as of 2026-08-10, the median asking rent is $1,225/mo (range: $995–$1,225/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Binghampton?
The estimated cap rate in Binghampton is approximately 2.6%, based on a median SFR sale price of $262,000 and a median 3-bedroom annual rent of $14,700. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Binghampton?
The estimated gross yield in Binghampton is 5.6%, calculated from 190 SFR sales and 27 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $6,698/yr at median price and rent.
How does a Memphis property management company price rent for Binghampton?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 92 comparable listings in Binghampton with per-bedroom pricing to establish asking rent for each new property, updated weekly from portal data.
What does LPS (Longstep Property Solutions) charge for property management in Memphis?
LPS charges 8% of monthly rent for long-term rental management. There are no lease renewal fees or vacancy fees. On a $1,225/mo property in Binghampton, that is approximately $98/mo in management fees.
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