Corning, NY home prices
Typical home $172,444 · +4.1% in a year · income needed $58,600
The Corning, NY metro area ranks 750 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.1% in a year and +22.9% over five years. With 20% down at 7.11%, the typical home costs about $1,367 a month including 2.46% property tax (Steuben County rate).
Mortgage on the typical Corning home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,489 | $137,955 | $928 | $0 | $439 | $1,367 | $58,600 |
| 10% down | $17,244 | $155,200 | $1,044 | $65 | $439 | $1,548 | $66,300 |
| 5% down | $8,622 | $163,822 | $1,102 | $68 | $439 | $1,609 | $69,000 |
| 3.5% down (FHA) | $6,036 | $169,321 | $1,139 | $76 | $439 | $1,654 | $70,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Corning area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Steuben County, NY | $172,442 | +4.1% | 2.46% |
What can you afford in New York on your salary? · New York home prices · Salaries in New York
Frequently asked questions
How much is a house in Corning?
The typical home in the Corning, NY metro area is worth $172,444 (Zillow, September 2026).
What salary do you need to buy a house in Corning?
About $58,600 a year for the typical home with 20% down at 7.11%.