Cities with the fastest growing home prices in Hanford metro area

Written by:
November 23, 2022
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Hanford metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Hanford-Corcoran, CA metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 7 cities and towns with data available were included in the list.

You may also like: Highest-earning zip codes in Hanford metro area

1 / 7
Stacker

#7. Stratford, Stratford

- 1-year price change: +$30,000 (+13.8%)
- 5-year price change: +$80,861 (+48.4%)
- Typical home value: $247,966 (#5 most expensive city in metro)
2 / 7
Stacker

#6. Corcoran, Corcoran

- 1-year price change: +$38,056 (+18.0%)
- 5-year price change: +$104,803 (+72.6%)
- Typical home value: $249,138 (#4 most expensive city in metro)
3 / 7
Stacker

#5. Avenal, Avenal

- 1-year price change: +$38,621 (+22.1%)
- 5-year price change: +$81,963 (+62.3%)
- Typical home value: $213,498 (#7 most expensive city in metro)
4 / 7
Stacker

#4. Armona, Armona

- 1-year price change: +$38,905 (+15.6%)
- 5-year price change: +$135,101 (+87.7%)
- Typical home value: $289,071 (#3 most expensive city in metro)
5 / 7
Stacker

#3. Hanford, Hanford

- 1-year price change: +$49,592 (+16.1%)
- 5-year price change: +$138,499 (+63.3%)
- Typical home value: $357,154 (#2 most expensive city in metro)

You may also like: Where people in Hanford are moving to most

6 / 7
Stacker

#2. Kettleman City, Kettleman City

- 1-year price change: +$50,393 (+29.2%)
- 5-year price change: +$98,204 (+78.6%)
- Typical home value: $223,138 (#6 most expensive city in metro)
7 / 7
Stacker

#1. Lemoore, Lemoore

- 1-year price change: +$52,892 (+16.5%)
- 5-year price change: +$137,853 (+58.5%)
- Typical home value: $373,300 (#1 most expensive city in metro)

Trending Now