The housing market in Corning, IA is quite robust. The median value of a home in Corning is $118,000, which is considerably lower than the national median value of $338,100. In the last year, the US housing market has appreciated 8.27%, while homes in Corning have seen an even higher appreciation rate of 11.61%. This indicates that the housing market in Corning is performing much better than other areas and investors looking to purchase property or invest in real estate are likely to find favorable conditions.
The median home cost in Corning is $118,000. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Corning is up 15.1%.
Average Age of Homes
- The median age of Corning real estate is 64 years old
The Rental Market in Corning
- Renters make up 23.7% of the Corning population
- 2.4% 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.