The typical owner-occupied home in Corning is worth about $59,100, 72% below the Ohio median of $214,800 and 82% below the national median of $332,700. Owners pay a median $863 a year in property taxes, about 1.46% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $30,833 a year, so the median home costs 1.9 times the median income (3.0 times for Ohio). 69% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Corning at a glance
| Corning | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $59,100 | $214,800 | $332,700 |
| Median property tax paid per year | $863 | $2,822 | $3,119 |
| Property tax as a share of value | 1.46% | 1.31% | 0.94% |
| Median household income | $30,833 | $71,389 | $80,734 |
| Homes lived in by their owners | 69% | 67% | 65% |
| Owner homes with a mortgage | 45% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $750 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 18.6% | 21.0% |
| Median rent | $831 | $1,034 | $1,413 |
| Rent as a share of renters' income | 34.2% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 15.7% | 8.1% | 10.1% |
| Population | 497 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Corning
At this week's average 30-year rate of 7.11%, buying the median Corning home of $59,100 with 20% down costs about $415 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $513, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $17,768 for the 20%-down payment. That payment is 16% of the median Corning household income of $30,833; at that income and 20% down, the 28% guideline points to a home of about $103,000.
The median rent here is $831 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,820 |
|---|---|
| Loan amount | $47,280 |
| Principal and interest | $318 |
| Property taxes (1.46% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $415 |
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| Down payment | $2,068 |
|---|---|
| Loan amount | $58,030 |
| Principal and interest | $390 |
| Property taxes (1.46% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $513 |
Change the numbers in the calculator
Questions about home buying in Corning
What is the median home value in Corning?
About $59,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Corning?
Homeowners pay a median $863 a year, which is about 1.46% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Corning?
For the median home with 20% down at 7.11%, the payment is about $415 a month. Keeping that under 28% of gross income takes about $17,768 a year.
More about Corning
- Mortgage Refinance in Corning
- Debt Relief in Corning
- Home Equity Loans in Corning
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data