Housing in Corning, NY is very affordable compared to the US median house value of $338,100. The median value of a home in Corning is just over $133,000. In the past year, house appreciation in Corning has been 7.27%, slightly lower than the US average of 8.27%. While housing in Corning may not appreciate as quickly as other areas, it is still an excellent investment due to its relatively low cost and reasonable rate of appreciation.
The median home cost in Corning is $133,000. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Corning is up 12.7%.
Average Age of Homes
- The median age of Corning real estate is 78 years old
The Rental Market in Corning
- Renters make up 46.7% of the Corning population
- 1.9% of houses and apartments in Corning, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.