The size of Korong Vale is approximately 27.3 square kilometres. It has 3 parks covering nearly 3.5% of total area. The population of Korong Vale in 2016 was 168 people. By 2021 the population was 143 showing a population decline of 14.9% in the area during that time. The predominant age group in Korong Vale is 60-69 years. Households in Korong Vale are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Korong Vale work in a labourer occupation.In 2021, 85.70% of the homes in Korong Vale were owner-occupied compared with 79.80% in 2016.
Korong Vale has 214 properties. Over the last 5 years, Houses in Korong Vale have seen a 57.14% increase in median value. As at 31 October 2025:
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