Similar to nearby areas, it's somewhat less expensive compared to the United States as a whole. Compared to the city of Chico however, it is a lot less expensive.
Home prices
The median home price in Corning is $167,700. In comparison to nearby areas it is about $3,840 (2%) lower.In comparison to the country as a whole it is roughly $49,800 (22%) lower, and is approximately $160,000 (48%) lower compared to the city of Chico.
Rents
In Corning the median monthly rent is $832. This is roughly $75 (8%) lower in comparison to its surrounding areas.Compared to the United States as a whole it is about $230 (21%) lower, and compared to the city of Chico is approximately $268 (24%) lower.
Nearby places
Richfield
Richfield is roughly 3 miles north from Corning. The real estate prices there are somewhat more expensive. The median home in Richfield is valued at $205,000, which is $37,300 (18%) higher than Corning. The rent there is somewhat more expensive. The median rent in Richfield is $1,075 per month, which is $243 (22%) higher than Corning.
Tehama
Tehama is approximately 6 miles north of Corning. The housing prices there are pretty similar. The median home in Tehama is valued at $167,000, which is very similar to Corning. Rents there are pretty similar. The median rent in Tehama is $794 per month, which works out to $38 (4%) lower than Corning.
Los Molinos
Los Molinos is approximately 7 miles northeast of Corning. Its real estate prices are a little less expensive. The median home cost in Los Molinos is $154,700, which comes out to $13,000 (8%) lower than Corning. Rent there is somewhat more expensive. The median rent in Los Molinos is $1,061 a month, which comes out to $229 (21%) higher than Corning.
Gerber
Gerber is approximately 9 miles north from Corning. The housing prices there are substantially less expensive. The median home in Gerber is valued at $122,800, which works out to $44,900 (36%) lower than Corning. The rent there is a little less expensive. In Gerber the median monthly rent is $693, which is $139 (20%) lower than Corning.
Orland
Orland is approximately 12 miles south of Corning. The housing prices there are a bit more expensive. Orland's median home value is $208,200, which is $40,500 (19%) higher than Corning. Rents there are a little more expensive. The median monthly rent in Orland is $910, which works out to $78 (8%) higher than Corning.
