Quick facts: Corcoran, CA

Quick Facts

127.6
Cost of Living
above US average
22,837
Population
17.3
Crime Rate per 1000
below US average
$53,103
Median Income
below US average
$280,000
Median House Price
above US average
$1918.0
Average Rent
above US average
20%
Poverty Rate
above US average
16.7%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,103.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $280,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $53,103
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Income Needed to Rent

⚠ Stretch
$82k/year
Based on $1918.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $82k vs median $53,103
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Corcoran, CA

Corcoran is a small city located in Kings County, California, approximately 30 miles southwest of Fresno. With a population of just over 24,000 residents, Corcoran is known for its agriculture, particularly in the production of fruits and vegetables. The city is surrounded by vast farmland, contributing to the area's economy and rural charm. Founded in the late 19th century, Corcoran has a rich history that includes the establishment of the California State Prison, which plays a significant role in the local economy. The city features a California Historical Landmark as one of its attractions, highlighting its significance in the region. Recreational opportunities include parks and community events that foster a close-knit community atmosphere. Additionally, the nearby Kings River offers outdoor activities such as fishing and kayaking. With its agricultural roots, Corcoran reflects a blend of rural and small-town living, making it a unique spot in the San Joaquin Valley.

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