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Hanford

Learn about the people, housing, costs and businesses in Hanford, California

Median Home$324,924
Median Rent$1,501/month
Population58,991
Leading IndustriesConstruction · Agriculture & Mining7% construction
Home Value Growth+10.7% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners63% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Hanford
CA

Frequently Asked Questions

What are today's mortgage rates in Hanford?

As of today, the 30-year fixed mortgage rate for Hanford is approximately 6.866% (6.908% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hanford?

The median home value in Hanford is $325k. The median monthly rent is $1,501. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hanford?

Home values in Hanford have increased 10.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hanford?

Based on a typical all-in ownership cost of $1,535/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hanford is $76k/year.

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What industries drive the economy in Hanford?

The largest employment sectors in Hanford are public administration (24%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.