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 about Scout's Real Estate Data
With a population of 22,837, 4,374 total housing units (homes and apartments), and a median house value of $272,379, 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 67.50% of the city's housing units. Other types of housing that are prevalent in Corcoran include large apartment complexes or high rise apartments ( 12.69%), duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), and a few row houses and other attached homes ( 6.95%).
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 ( 27.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.46%). There's also some housing in Corcoran built before 1939 ( 5.57%).
In the last 10 years, Corcoran has experienced some of the highest home appreciation rates of any community in the nation. Corcoran real estate appreciated 118.98% over the last ten years, which is an average annual home appreciation rate of 8.15%, putting Corcoran in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Corcoran definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Corcoran appreciation rates have trailed the rest of the nation. In the last twelve months, Corcoran's appreciation rate has been 3.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Corcoran were at 3.54%, which equates to an annual appreciation rate of 14.92%.
Importantly, this makes Corcoran one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Corcoran's latest annual appreciation rate is lower than 60% 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.
$272,379
for California
for nation
4,374
$1,689 / per month