Total monthly cost of ownership
Cost to Own a Home in Corcoran, California
A $221,000 home here costs
$1,776per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $76,000 a year.
A standard mortgage calculator would have told you $1,205. The real number is $571 higher every month, 47% more than the payment most buyers budget for.
Compare Kings County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Corcoran against Kings County and California
| Measure | Corcoran | Kings County |
|---|---|---|
| Median home value | $220,500 | $305,700 |
| Median property tax | $1,613 | $2,295 |
| Effective tax rate | 0.732% | 0.751% |
| Median gross rent | $1,012 | $1,228 |
| Population | 22,626 | 152,830 |
The weather behind that power bill
Corcoran sits in Kings County, which averages a high of 98.7°F in its hottest month and a low of 35.6°F in its coldest, with 7.5" of precipitation a year and 58% of it in a single three-month stretch. That climate drives 2,134 cooling and 2,367 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Kings County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kings County
Full Kings County cost breakdown · Every county in California
Talk to someone who works this market
These are Corcoran averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Corcoran every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Corcoran I already own here and may sell
Common questions
How much does it cost to own a home in Corcoran?
A $221,000 home in Corcoran, California costs approximately $1,776 per month with 20% down at 7.24%. That is $1,205 principal and interest, $135 property tax, $34 homeowners insurance, $218 utilities and $184 set aside for maintenance.
What is the property tax rate in Corcoran?
Corcoran has an effective property tax rate of 0.732%, based on a median home value of $220,500 and median real estate taxes of $1,613. That is lower than the Kings County average of 0.751%.
What is the average home price in Corcoran?
The median owner-occupied home value in Corcoran, California is $220,500, against $305,700 across Kings County.
Is it cheaper to rent or buy in Corcoran?
Median gross rent in Corcoran is $1,012 a month, against $1,776 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Corcoran?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Corcoran, California at today's rate takes a household income of roughly $76,000 a year. That covers the full $1,776 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Corcoran, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for California.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.