The Binghampton community is located at the geographic center of Memphis, representing two square miles and 8,000 residents.
Binghampton began as an independent and racially integrated rural Memphis town in the late 1800s and early 1900s. The community experienced a shift in character as the city’s growth pushed east and urban manufacturing jobs departed, leading to various stages of racial segregation, poverty and population flight. These changes spawned a significant reduction in home ownership and increase in vacant and blighted property.
The BDC was formed to address the severe blight and economic development in the community after the example of Christ’s sacrificial love.
As we’ve seen time and time again, a lack of jobs, quality education, and commercial outlets (grocery stores, clothing outlets, thrift stores, drug stores, etc.) perpetuates crime, poverty and hopelessness within neighborhoods. An investment in capacity and opportunity can develop life-altering hope.
Stats on Binghampton
- A 31% decline in population from 1970 to 2000
A 19% decline in occupied housing units, with the share in rental service increasing from 35% to 59% from '70 to '00
48% of households have annual incomes less than $20,000, leading to an area median income of $26,000
35% of residents live below the poverty level, with 70% certain Census block groups below the poverty level
33% of the households earn no wage or salary income
- 23% of residents are ages 55 and older, with certain Census block groups approaching 60%
- 52% of the householders are female with no husband present
- 17% of the housing units are empty or abandoned
- Homeownership increased from 22% in 2000 to 30% in 2010
- 92% of respondents to the BDC's 10th Year resident survey indicated that Binghampton is improving.