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Corning, NY—14830

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$173,000
1.9% YoY Growth
Household Income
$73,800
31.9% YoY Growth
Days on Market
55
13.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$1,340
2.1% YoY Growth
1-Bed Rent
$850
12.8% YoY Growth
2-Bed Rent
$1,350
20.8% YoY Growth
3-Bed Rent
$1,600
1.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Corning, NY

As of Dec '25, the median home price in Corning, NY is $173,000, with a year-over-year change of -1.9%. This indicates that home prices in Corning, NY are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$173,000-1.9%
Single Family $173,000-1.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $103,000
    -8.8%
    2 Bed
    		$130,000-3.0%
    3 Bed
    		$167,000-1.8%
    4 Bed
    		$221,000-0.5%
    5 Bed $329,7280.1%
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    12.2%
    2 Bedrooms
    25.3%
    3 Bedrooms
    40.9%
    4 Bedrooms
    16.0%
    5+ Bedrooms
    3.3%

    Rental Trends — Corning, NY

    As of July '25, Rentcast reports the average rent in Corning, NY is $1,380, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Corning, NY is studios: $725, 1-bedrooms: $933, 2-bedrooms: $1,450, 3-bedrooms: $1,620, 4-bedrooms: $1,750. The most common rental property sizes in Corning, NY are 2-bedroom and 1-bedroom, accounting for 38.5% and 32.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,340$1,380
    Studio Rent $725$725
    1 Bed Rent $850$933
    2 Bed Rent $1,350$1,450
    3 Bed Rent $1,600$1,620
    4 Bed Rent $1,750$1,750
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    % of Rental Stock

    Studio
    4.1%
    1 Bedroom
    32.4%
    2 Bedrooms
    38.5%
    3 Bedrooms
    22.0%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    0.9%

    Property Listings — Corning, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Corning, NY is 60. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 4.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$199,00028.0%
    Listing Count
    		7515.0%
    Listings as % of Homes0.6%15.0%
    Days on Market
    		5513.0%
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    Demographics — Corning, NY

    As of the latest ACS Survey released in 2023, Corning, NY has a population of 18,800, which has decreased by -5.2% over the past 5 years. Corning, NY is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 41.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		18,800-5.2%
    % Under 18
    		20.1%-8.6%
    % Seniors
    		16.8%4.3%
    % WFH
    		9.0%291.3%
    % w/ College Degree
    		41.3%27.1%
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    As of the latest ACS Survey released in 2023, Corning, NY is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Corning, NY is black, making up 3.4% of the population. Foreign-born residents account for 4.9% of the population in Corning, NY, and this percentage has increased by 53.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.7%-2.5%
    % Black
    		3.4%41.7%
    % Hispanic
    		2.6%85.7%
    % Asian
    		1.8%28.6%
    % Foreign Born
    		4.9%53.1%
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    Mortgage and Risk — Corning, NY

    According to HUD data as of 2023, there were 453 mortgage originations in Corning, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Corning, NY. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		453
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Corning, NY

    As of 2024, the percent of homes in Corning, NY under the Section 8 program is 15.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Corning, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		422
    Total Units Section 8
    		422
    % Rentals under Section 8
    		15.3%
    % Occupied Section 8
    		92.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$850$1,000
    2 Bedroom-$140$1,350$1,210
    3 Bedroom-$40$1,600$1,560
    4 Bedroom$280$1,750$2,030

    Affordability — Corning, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$173,000
    Median Household Income$73,800

    Corning, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    14814

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    14870

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    14858

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    14903

    Frequently Asked Questions