Corcoran, located in the Kings County area of California, was once the Tachi Indians' domain. Legend has it that the city got its name from the railway engineer, Thomas Corcoran. Corcoran gained popularity as the strategic link between the San Francisco Railroad and the San Joaquin Valley. Agriculture is the backbone of the area's economy, although residents also work at the J.G. Bosley Company, the California State Prison and the Corcoran Unified School District.
Corcoran, CA is a great place for affordable rent-to-own homes! With a median household income of over $42,997 and a median rent of $870, the Corcoran, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Corcoran, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Corcoran, CA is seeing rapid growth and Corcoran, CA's' housing market remains optimal with an average home price that is -26% below the 2022 national average. Corcoran, CA is part of Kings county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Kings is 0.61% which is below the national average, which is 0.99%.
Corcoran, CA has a walk score of
Corcoran, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.