Everything You Should Know Before Moving to 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.
Demographics - Fivemile Point, NY
Demographics - Fivemile Point, NY
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.
Population:
1,820
Density:
590 per sq mi
Median Age:
43.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
4.5%
Ethnic Composition
White:
93.1%
Black:
1.7%
Asian:
1.2%
Others:
4.0%
Cost Of Living
What is the average cost of living in Fivemile Point, NY?
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.
Median House Value:
$139,000
Gross Rent:
$950
Monthly Electricity Charges:
$110
Auto Insurance:
$1,150
House Owner Cost With Mortgage:
$1,160
House Owner Cost Without Mortgage:
$495
State Taxes:
Low:
4% (income)
|
High:
8.82% (income)
Cost Of Living Index:
87.5
Grocery:
98.0
Housing:
62.0
Utilities:
102.5
Transportation:
94.5
Health Care:
97.0
Miscellaneous:
89.0
Crime
Is Fivemile Point, NY a safe place to live?
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.
Violent Crimes Per 100k:
134
Property Crimes Per 100k:
1,015
Crime Index:
1,149
Chance Of Violent Crime:
1 in 746
Chance Of Property Crime:
1 in 98
Weather
What is the weather like in Fivemile Point, NY year-round?
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.
Winter
Min:
15°F
Max:
32°F
Spring
Min:
35°F
Max:
62°F
Summer
Min:
56°F
Max:
81°F
Fall
Min:
39°F
Max:
64°F
Average Rainfall Inches:
36.8 inches
Sunny Days Percentage:
48%
Neighbors
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.
Median Income:
$31,400
Household Income:
$53,200
Family Income:
$62,000
Per Capita Income:
$27,500
Income Male:
$39,500
Income Female:
$31,000
Poverty Rate:
13.8%
Non English Speakers:
4.5%
Rent:
$950
Unemployment Rate:
4.9%
Public Transport Usage:
0.7%
Commute Time:
21.4 minutes
Education
High School or Higher:
91.4%
Bachelors or More:
22.9%
Education
How are the schools in Fivemile Point, NY?
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.
Public Schools
Name:
Susquehanna Valley High School
Street:
1040 Conklin Rd
Phone:
607-779-4110
Students:
550
Student Teacher Ratio:
11.0
Name:
Francis P. Donnelly Elementary School
Street:
1168 Conklin Rd
Phone:
607-775-9144
Students:
480
Student Teacher Ratio:
13.5
Private Schools
Name:
Seton Catholic Central
Street:
70 Seminary Ave
Phone:
607-723-5307
Students:
360
Colleges
Name:
Binghamton University (SUNY)
City:
Binghamton
State:
NY
Distance:
8 miles
Students:
18,000
Name:
SUNY Broome Community College
City:
Binghamton
State:
NY
Distance:
11 miles
Students:
5,300
Healthcare
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.
Major Hospitals
Name:
United Health Services Hospitals – Wilson Medical Center
Address:
33-57 Harrison St, Johnson City, NY 13790
Phone:
(607) 763-6000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Our Lady of Lourdes Memorial Hospital
Address:
169 Riverside Dr, Binghamton, NY 13905
Phone:
(607) 798-5111
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.3
Health Insurance Coverage:
92.8%
Health Care Index:
77.2
Housing Market
What is the housing market like in Fivemile Point, NY?
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.
Median Home Price:
$139,000
Average Rent For 2 Bedroom:
$950
Owner Occupied Rate:
71.8%
Rental Vacancy Rate:
7.1%
Home Appreciation Rate (1yr):
2.4%
New Construction Rate:
0.7%
Foreclosure Rate:
0.7%
DMV Information
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.
State:
New York
Department:
New York State Department of Motor Vehicles
Address:
81 Chenango St, Binghamton, NY 13901
Phone:
1-518-486-9786
Website:
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.