Corning, NY—14830
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corning, NY
As of Oct '25, the median home price in Corning, NY is $167,000, with a year-over-year change of -1.8%. This indicates that home prices in Corning, NY are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $167,000 | -1.8% |
| Single Family | $167,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $101,000 | -9.0% |
2 Bed | $126,000 | -3.1% |
3 Bed | $162,000 | -1.8% |
4 Bed | $212,000 | -0.9% |
| 5 Bed | $316,000 | 0.0% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Corning, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Corning, NY is 70. This is a increase of 29.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 37.0% |
Listing Count | 106 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 70 | 29.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $167,000 |
| Median Household Income | $73,800 |