Norco, CA—92860
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norco, CA
As of Oct '25, the median home price in Norco, CA is $890,000, with a year-over-year change of -0.0%. This indicates that home prices in Norco, CA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $890,000 | -0.0% |
| Single Family | $890,000 | -0.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $663,000 | 1.2% |
3 Bed | $799,000 | -0.1% |
4 Bed | $951,000 | 0.2% |
| 5 Bed | $1,146,000 | 0.8% |
% of Housing Stock
Rental Trends — Norco, CA
As of July '25, Rentcast reports the average rent in Norco, CA is $3,450, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Norco, CA is 1-bedrooms: $2,300, 2-bedrooms: $3,400, 3-bedrooms: $3,510, 4-bedrooms: $3,530. The most common rental property sizes in Norco, CA are 3-bedroom and 1-bedroom, accounting for 44.6% and 20.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,300 |
| 2 Bed Rent | $3,400 | $3,400 |
| 3 Bed Rent | $3,500 | $3,510 |
| 4 Bed Rent | $3,600 | $3,530 |
% of Rental Stock
Property Listings — Norco, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Norco, CA is 68. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $984,000 | 0.0% |
Listing Count | 59 | 27.0% |
| Listings as % of Homes | 0.9% | 27.0% |
Days on Market | 68 | 32.0% |
Demographics — Norco, CA
As of the latest ACS Survey released in 2023, Norco, CA has a population of 25,300, which has decreased by -5.0% over the past 5 years. Norco, CA is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | -5.0% |
% Under 18 | 19.8% | -2.0% |
% Seniors | 16.4% | 27.1% |
% WFH | 12.2% | 43.5% |
% w/ College Degree | 21.1% | 8.8% |
As of the latest ACS Survey released in 2023, Norco, CA is a predominantly white area, with 49.5% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Norco, CA is hispanic, making up 40.3% of the population. Foreign-born residents account for 13.8% of the population in Norco, CA, and this percentage has increased by 19.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.5% | -14.2% |
% Black | 2.7% | -43.8% |
% Hispanic | 40.3% | 32.1% |
% Asian | 4.0% | -2.4% |
% Foreign Born | 13.8% | 19.0% |
Mortgage and Risk — Norco, CA
According to HUD data as of 2023, there were 326 mortgage originations in Norco, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Norco, CA. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 326 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Norco, CA
As of 2024, the percent of homes in Norco, CA under the Section 8 program is 3.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Norco, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 110 |
Total Units Section 8 | 110 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $2,300 | $2,260 |
| 2 Bedroom | -$590 | $3,400 | $2,810 |
| 3 Bedroom | $250 | $3,500 | $3,750 |
| 4 Bedroom | $960 | $3,600 | $4,560 |
Affordability — Norco, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $890,000 |
| Median Household Income | $125,000 |