The housing market in South Corning, NY is quite affordable with the median value being $115,000. This is considerably lower than the US median value of $338,100 and reflects the affordability of living in the South Corning area. In terms of appreciation, the US housing market has seen a 1 year appreciation rate of 8.27%, while South Corning's rate for the same period was 7.27%. This suggests that the South Corning area has seen a slightly slower growth in housing prices compared to other areas across the country.
The median home cost in South Corning is $115,000. Home appreciation the last 10 years has been 52.4%. Home Appreciation in South Corning is up 12.7%.
Average Age of Homes
- The median age of South Corning real estate is 64 years old
The Rental Market in South Corning
- Renters make up 24.0% of the South Corning population
- 1.5% of houses and apartments in South 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.