Median price trend for houses
Based on 7 sales in the preceding 12 months
$198,000
Down 5.9% over 12 months
- 2 bed
- $180k
- 3 bed
- $198k
Aerial view
Imagery © Esri
The quick read on
Korong Vale
VIC 3520 · Loddon
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $198,000
- Population
- 143
- Postcode
- 3520
latest suburb median
ABS 2021
Korong Vale, Victoria
Property market insights for Korong Vale
Median sale price and rental income of properties in Korong Vale VIC
Market data updated October 2026.
The median house price in Korong Vale, VIC is currently $198,000, based on the latest 12 months of sales. Korong Vale has a 12-month growth rate of -5.9% for houses.
Two-bedroom houses have a median sale price of $180,000, Three-bedroom houses have a median sale price of $198,000 in Korong Vale.
Crime and safety
Is Korong Vale safe?
The overall rate for Korong Vale is 4,158 offences per 100,000 residents — broadly in line with Rest of Vic..
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Korong Vale.
Overall crime rate
4,158
offences per 100,000 residents
In line withRest of Vic.
Korong ValeRest of Vic.: 4,070
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Korong Vale?
Korong Vale VIC 3520 is in Victoria, within Rest of Vic..
143 people call Korong Vale home, with an average of 1.8 people per household and a median household income of $575 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 143
- Median age
- 57 years
- Median mortgage
- $433 / month
- 2021 household rent
- $130 / week
Above the benchmarkBelow the benchmarkIn lineRest of Vic. benchmark
Age profile
Share of residents in each age band.
Under 159.8%Below
15–3415.4%Below
35–5417.5%Below
55–7437.8%Above
75 and over14.7%Above
Homes
Share of occupied private dwellings.
Separate houses97.0%Above
Townhouses0.0%Below
Apartments0.0%Below
Ownership
Share of homes with a stated ownership or rental status.
Owned outright61.8%Above
Paying a mortgage26.5%Below
Renting11.8%Below
Cars at home
Vehicles available to occupied households.
No car0.0%Below
One car47.1%Above
Two cars22.1%Below
Three or more26.5%Above
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home11.1%Below
Drove to work51.9%Below
Train, tram or bus0.0%Below
Walked or cycled0.0%Below
What stands out in Korong Vale
11.1% of workers in Korong Vale worked from home on Census day — less common than across Rest of Vic..
40.6% of people in Korong Vale described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Korong Vale
Open any question for a plain-English reading of the public 2021 Census for Korong Vale VIC 3520.
Is Korong Vale family-friendly?Age, family structure and household size describe the community families would be joining.
9.8% of Korong Vale's residents were children under 15 in the 2021 Census. That is well below the Rest of Vic. average.
32 family households lived in Korong Vale; 34.4% were couple families and 15.6% were one-parent families.
9.4% of local families included children under 15. That is about half the Rest of Vic. rate.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Korong Vale?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Korong Vale had 143 residents at the 2021 Census.
14.7% of residents were aged 25 to 44.
52.4% were 55 or older. That is well above the Rest of Vic. average.
Age shares use the suburb’s total Census population.
What kind of homes are in Korong Vale?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 97.0% of occupied private dwellings in Korong Vale.
Townhouses and other attached homes represented 0.0% of occupied private dwellings.
Flats and apartments accounted for 0.0% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Korong Vale?Tenure shows how many households own outright, have a mortgage or rent.
61.8% of households with a stated tenure owned their home outright. That is well above the Rest of Vic. average.
26.5% were buying their home with a mortgage.
11.8% rented their home. That is about half the Rest of Vic. rate.
Tenure shares include households that stated one of these three arrangements.
How large are households in Korong Vale?Household-size data shows the mix behind the suburb-wide average.
The average household in Korong Vale had 1.8 people.
One-person households made up 51.4% of occupied homes. That is well above the Rest of Vic. average.
Two-person households represented 38.6%, while 11.4% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Korong Vale?Census-day travel shows the balance between home, road, public transport and active travel.
11.1% of workers worked from home on Census day. That is somewhat below the Rest of Vic. average.
51.9% drove a car as their only travel method. That is well below the Rest of Vic. average.
0.0% used only a train, tram or bus, while 0.0% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Korong Vale?Vehicle availability helps describe the routines local households can support.
0.0% of occupied households had no motor vehicle available. That is about half the Rest of Vic. rate.
One-car households formed 47.1% of the total.
48.5% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Korong Vale, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
80.3% were at the same address five years earlier, while 19.7% reported a different address.
4.9% of residents were born outside Australia. That is about half the Rest of Vic. rate.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Korong Vale?Language at home gives a direct view of the community’s everyday linguistic mix.
86.0% of residents used only English at home.
3.5% used a language other than English at home.
0.0% spoke Mandarin at home, 0.0% spoke Cantonese and 0.0% spoke Hindi.
Home language is separate from English proficiency.
Where were Korong Vale residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
4.9% of Korong Vale's population was born outside Australia, while roughly 95.1% was born in Australia.
0.0% of residents were born in China.
0.0% were born in India, while Australian citizenship across the whole suburb stood at 90.9%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Korong Vale?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 45.5% of ancestry responses in Korong Vale.
Australian ancestry made up 38.5% of responses.
Chinese ancestry represented 0.0% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Korong Vale?Occupation describes a person’s role; industry describes the sector employing them.
0.0% of employed residents worked in professional occupations. That is about half the Rest of Vic. rate.
Managers accounted for 18.5% of employed residents, while clerical and administrative workers made up 0.0%.
Health care and social assistance employed 0.0% of workers, and education and training employed 0.0%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Korong Vale?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 21.2%, compared with 57.4% across Rest of Vic..
9.1% of residents aged 15 and over worked full time, while 12.1% worked part time.
Unemployment was 14.3%, compared with 4.1% across Rest of Vic..
Labour-force figures come from the 2021 Census.
What does the health profile of Korong Vale show?Selected long-term health conditions help describe community service needs.
34.3% reported no selected long-term health condition.
16.8% reported a long-term mental health condition, including depression or anxiety.
14.0% reported asthma, 28.7% arthritis and 17.5% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Korong Vale?Qualifications describe the study pathways represented among local residents.
0.0% of people in the qualifications table held a bachelor degree. That is about half the Rest of Vic. rate.
Postgraduate degrees accounted for 0.0% of qualification responses.
Diploma-level qualifications represented 18.3%, while certificate-level qualifications represented 40.0%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Korong Vale?Census income and household payments give historical context for local living costs.
Median household income was $575 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $433.
Occupied renting households reported a median rent of $130 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Korong Vale compare with Rest of Vic.?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 11.1% in Korong Vale, compared with 15.1% across Rest of Vic..
Outright ownership was 61.8% locally and 40.9% across Rest of Vic.. That is well above the Rest of Vic. average.
Renting accounted for 11.8% in Korong Vale, against 24.5% across Rest of Vic..
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Korong Vale
Is Korong Vale expensive?
The median house price is $198,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Korong Vale good for families?
The Census counted 32 local families, and 9.8% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Korong Vale?
3-bedroom houses have a median around $198,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Korong Vale
13 streets in Korong Vale
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Allen St
- Boort-Wedderburn Rd
- Cemetery Road
- Eucy Rd
- Gibson St
- Graham St
- Greig St
- Inglewood-Korong Vale Rd
- Korong Vale-Kinypanial Rd
- Korong Vale-Wychitella Rd
- Mclennan Street
- Rinders Ln
- Vernon St
12 suburbs surrounding Korong Vale
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Korong Vale right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.