Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$363,952+3.0% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$78,897About 1.1× the local median income ($71,731): a stretch for a typical household
Days on market58 daysAbout the same pace as a year ago
Next 12 months+1.0%Zillow expects prices to rise slightly
The typical home in Hanford-Corcoran, CA is worth $363,952, up 3.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $325,300, so the area is 11.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 58 days to sell, listings are up 21% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 1.0% over the next year. A household needs about $78,897 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,731. Typical rent is $1,937 a month, or $2,190 for a house. In the latest IRS figures, 460 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$363,952
Change in 1 year
+3.0%
Overvalued %
+11.9%
Show 7 more
Fair home value
$325,300
Change in 5 years
+22.9%
Zillow forecast, next 12 months
+1.0%
Home value to income
5.1×
Monthly mortgage payment (20% down)
$1,972
Income needed to afford it
$78,897
Property tax rate
0.75%
Rent and investing
Typical rent
$1,937
Typical rent for houses
$2,190
Price-to-rent ratio
15.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,512
Gross rental yield
6.39%
Cap rate (estimate)
4.15%
Market activity
Listings vs a year ago
+21.3%
Days on market
58
Listings with a price cut
21.5%
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Homes for sale
245
Pending sales per 100 listings
53
Asking price per sq ft
$237
People and jobs
Median household income
$71,731
Population change (1 year)
+0.1%
Unemployment rate
10.8%
Show 4 more
Population
154,327
Income adjusted for cost of living
$70,601
Net moves in (IRS)
−460
Cost of living (US = 100)
101.6
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
92.4
Unhealthy air days a year
11
Show 4 more
Flood risk score
87.7
Wildfire risk score
77.1
Walkability (1 to 20)
10.5
Road, rail and air noise
52 dB
Questions people ask
Is Hanford-Corcoran, CA overvalued?
Home prices in Hanford-Corcoran, CA are well above what local incomes have historically supported: fair value is about $325,300, so the area is 11.9% overvalued.
Is Hanford-Corcoran, CA a buyer's or seller's market?
Hanford-Corcoran, CA is a balanced market, leaning toward buyers: homes take about 58 days to sell, listings are up 21% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Hanford-Corcoran, CA?
Home values in Hanford-Corcoran, CA are up 3.0% over the last year. Zillow's forecast for the next 12 months is +1.0%.
How much do you need to earn to buy a home in Hanford-Corcoran, CA?
A household needs about $78,897 a year to afford the typical home in Hanford-Corcoran, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,731.