Data updated 2026-09-28 · 162 active rental listings analyzed · 179 SFR sales in comp window
$1,350
3BR Median Rent
$265K
Median SFR Price
2.5%
Est. Cap Rate
5.5%
Gross Yield
Rental Market by Bedroom — Binghampton
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-09-28.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$750/mo
$650 – $785
25 listings
2BR
$839/mo
$790 – $995
72 listings
3BR
$1,350/mo
$995 – $1,450
30 listings
4BR
$1,500/mo
$1,465 – $1,725
31 listings
5BR
$3,000/mo
$3,000 – $3,000
4 listings
Investment Return Estimate
At the median Binghampton SFR sale price of $265,000, using median 3BR rent. Estimates assume 8% management fee, $3,710/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 162 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 30 active 3-bedroom rental listings in Binghampton as of 2026-09-28, the median asking rent is $1,350/mo (range: $995–$1,450/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 2.5%, based on a median SFR sale price of $265,000 and a median 3-bedroom annual rent of $16,200. 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 5.5%, calculated from 179 SFR sales and 49 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $6,656/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 162 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 $1,350/mo property in Binghampton, that is approximately $108/mo in management fees.
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