All homes and bedroom counts
RENTAL MARKET INTELLIGENCE
Corning, NY
Corning merits investigation by yield-focused buyers willing to scrutinize tenant demand and flood exposure; buyers who require proven rent or employment growth should avoid it.
Median price$174k
Median rent$1,277
Gross yield8.8%
Job growth▲ 0.0%
Composite Market ScoreRank #313 of 571 scored US market areas
Direct rental answer
How much is rent in Corning, NY?
Zillow's metro-wide Observed Rent Index is $1,277 per month for 2026-06-30. That is down 0.40% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Corning
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Steuben County, NYFIPS 36101 | $865 | $871 | $1,081 | $1,410 | $1,800 |
The read
Why this market scores where it does
Corning merits investigation by yield-focused buyers willing to scrutinize tenant demand and flood exposure; buyers who require proven rent or employment growth should avoid it. The $174,315 median value equals 2.65 times median income, keeping entry pricing tied to local earnings.
The opportunity is headline income: asking rent of $1,277 supports an 8.79% gross yield. Yet rent fell 0.4% while home values rose 5.46% year over year. That mismatch weakens the rent-growth case. Vacancy and operating costs are not published, so the gross yield cannot establish net returns.
Only 96 permits and 3 months of supply limit visible inventory pressure, but homes take 71 days to sell and the price-drop share is 24.23%, suggesting negotiating room alongside slower resale. Net migration of -154 and inland-flood exposure, with a 0.1441% annual building-value loss ratio, remain key demand and asset risks.
Frequently Asked Investor Questions
What do current price and rent imply for gross income?
The median home value is $174,315, median asking rent is $1,277 per month, and the reported gross yield is 8.79%; vacancy and operating costs are not published.
Is there evidence of buyer negotiating room?
Median time on market is 71 days and the price-drop share is 24.23%, although supply is limited to 3 months.
Are households and mover incomes flowing into or out of Corning?
Tax filings show 1,860 households moved in and 2,014 moved out, producing net migration of -154; outgoing movers averaged $66,669 in income versus $59,773 for incoming movers, a -$6,896 gap.
Investor Quick Takeaways
Gross Yield: 8.8%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▼ 0.40%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 8.7%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Corning as the starting point or move into a more specific property and rent check.
Run cash flowStarts with this market's measured price and rentSave to shortlistCompare this metro with up to four other placesCheck rent by ZIPMove from metro context to a local rent benchmarkFind a comparison marketRead a curated two-market decision analysisShare this analysisEmail the canonical link without adding page scriptsReport a data issueSend the figure, source and release period to review
Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply3.0 mo.▼ from 3.6 mo. a year ago
Median days on market71 days▼ from 77 days a year ago
Listings with price drops24.2%▲ from 19.5% a year ago
Sale-to-list ratio98.1%2026-05-01
Home value growth▲ 5.5%Zillow ZHVI · trailing 12 months
Rent growth▼ 0.40%Zillow ZORI · trailing 12 months
Gross rental yield8.8%Rent × 12 ÷ price
Payroll job growth▲ 0.0%LAUS · 12m to 2026-05
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady47→47
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
47| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 54 | 30% | 16.20 |
| Rent trend | 6 | 25% | 1.50 |
| Affordability | 59 | 15% | 8.85 |
| Supply pressure | 85 | 15% | 12.75 |
| Climate risk | 49 | 15% | 7.35 |
| Published score | 47 | ||
Corning, NY scoreRank #313
47Job growth54/100
Job: LAUS employment rose 0.04% year over year -> recent employment growth offers little support for stronger rental demand.
Rent trend6/100
Rent: Median asking rent fell 0.4% year over year -> the current gross yield is not backed by recent rent growth.
Affordability59/100
Afford: The median value is 2.65 times income and rent is 23.26% of income -> affordability is a relative strength for acquisition pricing and tenant budgets.
Supply pressure85/100
Supply: The market recorded 96 permits and 3 months of supply -> visible new-build and for-sale inventory pressure is limited.
Climate risk49/100
Climate: Inland flood is the dominant hazard and the annual building-value loss ratio is 0.1441% -> property-level flood exposure requires review.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$174k
YoY ▲ 5.5%
ZORI Median Rent
$1,277
YoY ▼ 0.40%
Gross Rental Yield
8.8%
Rent × 12 ÷ price
$1,277 × 12 ÷ $174,315
Job Growth (YoY)
▲ 0.0%
LAUS payrolls
Job signal 54/100
Median Household Income
$66k
Census ACS 5-year
Rent Burden
23.3%
Annual rent ÷ household income
Price-to-Income
2.6x
Median value ÷ household income
HUD 2BR Fair Market Rent
$1,081
Market rent 118.1% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$1,277Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$871−$406 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,081−$196 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$894−$383 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Corning as context, then replace market-wide evidence with the candidate property's facts.
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
96 units authorised in 2026, 0% of them in 5+ unit buildings. This is a single-family building cycle, so the competition is other houses, not new apartments. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
−154
1,860 in vs 2,014 out (IRS SOI)
▼ 8.3% of arriving households
Mover Income Gap
−$6,896
Arriving $59,773 vs leaving $66,669
Average AGI per tax return (IRS SOI)
Investor Purchase Share
8.7%
66 of 757 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
inland flooding
0.144% building value annual loss ratio
FEMA NRI · risk type: water
Compare yield and FEMA exposure →Households arrive mainly from: Chemung County · Livingston County · Allegany County · Monroe County · Tioga County
✓ 1,860 in − 2,014 out = -154 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Elmira, NY273 arriving
- Rochester, NY252 arriving
- Buffalo, NY28 arriving
Leading outbound markets
- Rochester, NY293 leaving
- Elmira, NY284 leaving
- Buffalo, NY45 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- Median asking rent fell 0.4% while home values rose 5.46%, which could weaken acquisition economics.
- LAUS employment grew only 0.04% and net migration was -154 households, leaving limited evidence of stronger demand.
- Inland flood is the dominant hazard, creating property-specific loss risk despite the metro-level climate measure.
Inside this micro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
County records
Statistical peers
Market areas that behave like Corning
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Corning, NY (Target) | 47 | $174k | $1,277 | 8.8% | ▲ 0.0% |
| Elmira, NY | 61 | $164k | $1,155 | 8.4% | ▲ 0.0% |
| Pottsville, PA | 71 | $170k | $1,267 | 9.0% | ▲ 0.1% |
| Ogdensburg, NY | 72 | $151k | $1,173 | 9.3% | ▲ 0.1% |
| Wichita Falls, TX | 59 | $179k | $1,277 | 8.5% | ▼ 0.3% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |