Corcoran, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Corcoran Neighborhoods Since 2000




Corcoran, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Corcoran Housing Market Information

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%).

Corcoran Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$144,660

Corcoran, CA HOME PRICES

Value Range
> $1,353,000 0.6
$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

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
52.3760693777101 95.3703703703704

Number Of Homes And Apartments:
3,682

Corcoran Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
60.77% 2.79% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 22.93
Renters 77.07
Vacant 6.10

Housing Market Details

 

Age of Homes

AGE OF Corcoran HOMES
2000 or Newer 19.6
1970 - 1999 44.2
1940 - 1969 31.4
1939 or Older 4.7

Types of Homes

TYPE OF Corcoran HOMES
Single-Family 69.4
Townhomes 2.9
Small Apt. Buildings 9.2
Apt. Complexes 12.7
Mobile Homes 5.7
Other 0.1

Home Size

SIZE OF Corcoran HOMES
No Bedroom 2.14
1 Bedroom 4.23
2 Bedrooms 33.28
3 Bedrooms 46.01
4 Bedrooms 12.47
5 or more bedrooms 1.86

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Zip Codes in Corcoran, CA