Rankings/Hanford-Corcoran, CA

Hanford-Corcoran, CA

NeutralTier 1CBSA 25260Compare

Risk Rank: #194 of 287Month: 2025-12Score change (12m):— -2

45score

Composite risk percentile vs 287 metros (higher = higher risk)

Cycle Phase

Hanford experienced a market correction from mid-2025 through late 2025. The market is currently recovering.

Recovery

Expansion

Hypersupply

Recession

In Recovery for 2 months·Previously: Recovery

Market conditions are rebuilding after a correction period

Recovery

Expansion

Hypersupply

Recession

Hanford's housing market shows average risk, ranking 194th of 287 metros. The market recently entered Recovery. Current conditions are balanced with stable liquidity.

Executive Summary

Risk is Neutral, driven primarily by employment and migration. The market is in Recovery phase. Liquidity is stable and valuation is balanced.

Top Risk Drivers (This Month)

Employment

p93 (highest risk decile)

12-month employment change (risk inverted)

Migration

p69 (moderate)

Net AGI migration (risk inverted)

Affordability

p45 (below average risk)

Mortgage payment / income

Market Signals

Inventory is roughly flat (-2% YoY) with homes selling at a normal pace — a balanced market.

Liquidity

Stable↓

Active Listings YoY

-2.3%p46

Days on Market YoY

+3.6%p55

Months in status2

Data through Dec 2025

Valuation

Balanced↓

Rent vs. Price Growth

+5.7%p98

Months in status6

Data through Dec 2025Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Factor Breakdown

Price Momentum18

12-month HPI change — higher = overheating

Permit Growth3

YoY permit change — higher = supply pressure

Permits per Capita40

Permits per 1,000 residents — higher = overbuilding risk

Affordability45

Mortgage payment / income — higher = more burdened

Employment93

12-month employment change (risk inverted)

Migration69

Net AGI migration (risk inverted)

Underlying Values

Metric	Value	Pctile
Price Momentum	+0.3%	p18
Permit Growth	-36.9%	p3
Permits/1K Pop	3.18	p40
Affordability	0.27	p45
Employment	-1.1%	p93
Net AGI Migration	-$19K	p69

National ContextDoes not affect score

Credit Conditions

Credit Regime

Stable—

Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.

Bank Lending Standards

-5.7Normal

Rate Change (YoY)

-74 bpsNormal

Mortgage Risk Premium

+189 bpsElevated

Stable for 8 quartersData through 2026-Q1

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.91High

Completion-Permit Divergence

-3.2 ppNormal

Accumulating for 3 quartersData through 2025-Q4

Local SignalsDoes not affect score

Liquidity

Stable↓

Active Listings YoY-2.3%

Days on Market YoY+3.6%

AssessmentBalanced conditions

Stable for 2 monthsData through Dec 2025

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2025-11	Rec	55	21	41	44	100	68
2025-10	Hyp	55	23	41	44	100	68
2025-08	Ress	60	52	41	44	100	68
2025-06	Ress	70	99	41	58	96	68
2025-03	Hyp	56	91	41	51	29	68
2025-02	Rec	51	73	41	51	18	68
2025-01	Ress	54	54	41	51	56	68
2024-11	Ress	46	48	41	50	16	68
2024-10	Rec	50	51	41	50	35	68
2024-08	Hyp	36	5	41	41	2	68
2024-06	Ress	36	3	41	39	6	68
2024-04	Ress	36	5	41	39	9	68
2024-03	Exp	42	28	41	51	8	68
2024-01	Exp	39	16	41	51	1	68
2023-10	Exp	42	21	41	61	7	68
2023-08	Rec	58	40	41	62	82	68
2023-06	Rec	51	44	41	62	36	68
2023-04	Hyp	49	33	41	62	32	68
2023-02	Ress	54	53	41	66	37	68
2022-12	Ress	47	44	41	64	11	68
2022-10	Hyp	45	35	41	64	6	68
2022-08	Hyp	42	19	41	60	7	68
2022-07	Ress	48	26	41	60	35	68
2022-05	Ress	54	42	41	62	57	68
2022-04	Exp	48	45	41	62	19	68
2022-02	Exp	52	57	41	63	27	68
2021-12	Hyp	56	67	41	58	51	64
2021-11	Rec	60	68	41	58	73	64
2021-09	Ress	54	66	41	57	38	64
2021-07	Exp	63	71	41	57	91	64
2021-05	Exp	62	64	41	55	91	64
2021-02	Rec	58	78	41	56	57	64
2020-12	Rec	61	86	41	55	71	59
2020-11	Exp	61	86	41	55	72	59
2020-09	Exp	58	60	41	52	82	59
2020-08	Rec	56	59	41	52	70	59
2020-06	Rec	54	79	41	54	33	59
2020-03	Rec	53	37	41	50	78	59
2020-02	Exp	56	53	41	50	80	59
2019-12	Exp	52	47	41	51	72	46
2019-11	Rec	46	25	41	51	56	46
2019-09	Rec	39	15	41	52	24	46
2019-07	Hyp	43	26	41	51	41	46
2019-05	Ress	44	42	41	53	29	46
2019-03	Ress	47	17	41	50	74	46
2019-02	Rec	48	22	41	50	76	46
2019-01	Rec	49	28	41	50	76	46

Data Vintages

Price (HPI)2025-Q3

Permits2025-12

Income2024

Employment2025-12

Migration2022