Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 22,477, 3,682 total housing units (homes and apartments), and a median house value of $144,660, Corcoran real estate values are some of the lowest in California, although compared to real estate around the nation, Corcoran homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Corcoran, accounting for 69.40% of the city's housing units. Other types of housing that are prevalent in Corcoran include large apartment complexes or high rise apartments ( 12.70%), duplexes, homes converted to apartments or other small apartment buildings ( 9.21%), and a few mobile homes or trailers ( 5.71%).
Renters dominate Corcoran's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Corcoran built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Corcoran built between 1940-1969 ( 31.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.56%). There's also some housing in Corcoran built before 1939 ( 4.74%).
Homes have actually lost value in Corcoran over the last then years, as home values have seen a decline of 23.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Corcoran home appreciation rates at -0.80%, which equates to an annual appreciation rate of -3.15%.
Appreciation rates are so strong in Corcoran that despite a nationwide downturn in the housing market, Corcoran real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Corcoran appreciation rates continue to be some of the highest in America, at 14.91%, which is higher than appreciation rates in 99.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Corcoran. Corcoran appreciation rates in the latest quarter were at -0.80%, which equates to an annual appreciation rate of -3.15%.
Notably, Corcoran's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Corcoran's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Corcoran differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Corcoran - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Corcoran real estate investment or home purchase decisions.
|$1,015,001 - $1,353,000||0.0|
|$676,001 - $1,015,000||1.7|
|$541,001 - $676,000||0.0|
|$406,001 - $541,000||2.4|
|$270,001 - $406,000||11.1|
|$135,001 - $270,000||35.8|
|$68,001 - $135,000||36.2|
|$0 - $68,000||12.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Corcoran HOMES|
|2000 or Newer||19.6|
|1970 - 1999||44.2|
|1940 - 1969||31.4|
|1939 or Older||4.7|
|TYPE OF Corcoran HOMES|
|Small Apt. Buildings||9.2|
|SIZE OF Corcoran HOMES|
|5 or more bedrooms||1.86|