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Corning, CA—96021

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$280,000
1.0% YoY Growth
Household Income
$58,100
35.1% YoY Growth
Days on Market
81
17.0% Shorter YoY
Home Price Forecast
-0.7%
Median Rent
$1,350
17.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$975
15.4% YoY Growth
3-Bed Rent
$1,750
7.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Corning, CA

As of Dec '25, the median home price in Corning, CA is $280,000, with a year-over-year change of -1.0%. This indicates that home prices in Corning, CA are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$280,000-1.0%
Single Family $281,000-0.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$220,0001.4%
    3 Bed
    		$318,0001.6%
    4 Bed
    		$385,0001.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    9.1%
    2 Bedrooms
    29.0%
    3 Bedrooms
    49.3%
    4 Bedrooms
    9.4%
    5+ Bedrooms
    0.7%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,350$1,420
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $975$1,100
    3 Bed Rent $1,750$1,730
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.9%
    1 Bedroom
    14.1%
    2 Bedrooms
    39.0%
    3 Bedrooms
    41.2%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    1.1%

    Property Listings — Corning, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Corning, CA is 72. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$335,000-20.0%
    Listing Count
    		6015.0%
    Listings as % of Homes0.9%15.0%
    Days on Market
    		81-17.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,010
    2 Bedroom$345$975$1,320
    3 Bedroom-$10$1,750$1,740
    4 BedroomN/AN/A$2,180

    Affordability — Corning, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$280,000
    Median Household Income$58,100

    Corning, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions