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Fivemile Point, NY
Considering a move to Fivemile Point, NY? This friendly community of about 1,800 residents offers affordable living, with median home prices around $139,000 and typical rents at $950. The area sees low violent crime rates (134 per 100K), short average commutes of just 21 minutes, and a strong owner-occupied housing rate. Enjoy four distinct seasons and access to well-rated local schools, while being close to Binghamton’s amenities and healthcare centers. Fivemile Point is a great choice for those seeking a peaceful lifestyle with easy access to city conveniences.
Fivemile Point is a small, close-knit community with about 1,820 residents and a median age of 43, reflecting a balanced mix of families and mature adults. The population is predominantly White, with a modest representation from other backgrounds, and most people speak English at home. This area offers a suburban feel with moderate population density and a nearly even gender ratio.
Living in Fivemile Point is notably affordable, with a cost of living index well below the national average. Median home values are around $139,000, and typical rents are $950, making it attractive for both homeowners and renters. Day-to-day expenses like utilities and groceries are also reasonable, offering good value for families and individuals alike.
Fivemile Point is considered a safe community, with a violent crime rate of just 134 per 100,000 residents and a property crime rate that’s lower than many urban areas. Residents enjoy a strong sense of security, as the chance of experiencing a violent crime is only about 1 in 746. This low crime environment appeals to families and those seeking peace of mind.
Residents experience all four seasons, with warm summers reaching highs near 81°F and cold winters dipping to around 15°F. The area receives about 37 inches of annual rainfall and enjoys sunshine nearly half the year. These conditions support a variety of outdoor activities year-round, from summer recreation to picturesque fall foliage.
Households in Fivemile Point have a median income of $53,200, and a family-friendly atmosphere is supported by a high rate of high school graduates. The poverty rate is moderate, and unemployment remains relatively low. A short average commute of 21 minutes highlights the town’s convenience for working professionals.
Families benefit from well-rated local public schools with favorable student-to-teacher ratios, such as Susquehanna Valley High School. Private schooling is also an option, and higher education opportunities are close by, with Binghamton University and SUNY Broome Community College just a short drive away. This robust educational network supports learners of all ages.
Fivemile Point residents have access to quality healthcare, with major hospitals like Wilson Medical Center and Lourdes Memorial Hospital located nearby in Binghamton. The area boasts a high rate of health insurance coverage at 92.8% and a favorable ratio of physicians per capita. Emergency services and comprehensive care are readily accessible for peace of mind.
The local housing market is stable, with a median home price of $139,000 and a strong owner-occupancy rate of nearly 72%. Rental options are available, with average two-bedroom rents at $950 and a modest vacancy rate. Home values are appreciating steadily, making the area appealing for both buyers and investors.
Fivemile Point residents are served by the New York State Department of Motor Vehicles, conveniently located in nearby Binghamton. The DMV offers a full range of vehicle and licensing services both in-person and online. This accessible location streamlines essential tasks for new and current residents.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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