Corning, CA—96021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corning, CA
As of Oct '25, the median home price in Corning, CA is $279,000, with a year-over-year change of -1.6%. This indicates that home prices in Corning, CA are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | -1.6% |
| Single Family | $280,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 0.9% |
3 Bed | $320,000 | 1.3% |
4 Bed | $389,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Corning, CA
As of July '25, Rentcast reports the average rent in Corning, CA is $1,420, with a year-over-year rent change of -17.9%. Per bedroom, the median rent as of July '25 in Corning, CA is 2-bedrooms: $1,100, 3-bedrooms: $1,730. The most common rental property sizes in Corning, CA are 3-bedroom and 2-bedroom, accounting for 41.2% and 39.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $975 | $1,100 |
| 3 Bed Rent | $1,750 | $1,730 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Corning, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Corning, CA is 75. This is a increase of 23.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | -20.0% |
Listing Count | 65 | 14.0% |
| Listings as % of Homes | 0.9% | 14.0% |
Days on Market | 75 | 23.0% |
Demographics — Corning, CA
As of the latest ACS Survey released in 2023, Corning, CA has a population of 15,100, which has decreased by -7.1% over the past 5 years. Corning, CA is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | -7.1% |
% Under 18 | 25.6% | -6.9% |
% Seniors | 16.4% | 4.5% |
% WFH | 8.8% | 300.0% |
% w/ College Degree | 12.9% | 30.3% |
As of the latest ACS Survey released in 2023, Corning, CA is a predominantly hispanic area, with 50.7% of the population identifying as hispanic. The hispanic population has grown by 14.4% in the last 5 years. The second most common race or ethnicity in Corning, CA is white, making up 43.6% of the population. Foreign-born residents account for 22.8% of the population in Corning, CA, and this percentage has increased by 42.5% 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 | 43.6% | -15.5% |
% Black | 0.1% | -75.0% |
% Hispanic | 50.7% | 14.4% |
% Asian | 3.0% | 275.0% |
% Foreign Born | 22.8% | 42.5% |
Mortgage and Risk — Corning, CA
According to HUD data as of 2023, there were 210 mortgage originations in Corning, CA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Corning, CA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Corning, CA
Corning, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 194 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | $345 | $975 | $1,320 |
| 3 Bedroom | -$10 | $1,750 | $1,740 |
| 4 Bedroom | N/A | N/A | $2,180 |
Affordability — Corning, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $279,000 |
| Median Household Income | $58,100 |