Corona, CA—92879
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corona, CA
As of Oct '25, the median home price in Corona, CA is $682,000, with a year-over-year change of -2.2%. This indicates that home prices in Corona, CA are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $682,000 | -2.2% |
| Single Family | $709,000 | -2.6% |
| Condos | $462,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $338,000 | -5.3% |
2 Bed | $468,000 | -3.7% |
3 Bed | $657,000 | -2.4% |
4 Bed | $744,000 | -2.5% |
| 5 Bed | $889,000 | -1.9% |
% of Housing Stock
Rental Trends — Corona, CA
As of July '25, Rentcast reports the average rent in Corona, CA is $2,940, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Corona, CA is 1-bedrooms: $2,030, 2-bedrooms: $2,440, 3-bedrooms: $2,980, 4-bedrooms: $4,040. The most common rental property sizes in Corona, CA are 2-bedroom and 1-bedroom, accounting for 43.4% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,020 | $2,030 |
| 2 Bed Rent | $2,400 | $2,440 |
| 3 Bed Rent | $3,100 | $2,980 |
| 4 Bed Rent | $3,700 | $4,040 |
% of Rental Stock
Property Listings — Corona, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Corona, CA is 51. This is a increase of 14.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $735,000 | 1.0% |
Listing Count | 86 | 36.0% |
| Listings as % of Homes | 0.5% | 36.0% |
Days on Market | 51 | 14.0% |
Demographics — Corona, CA
As of the latest ACS Survey released in 2023, Corona, CA has a population of 48,800, which has increased by 3.9% over the past 5 years. Corona, CA is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,800 | 3.9% |
% Under 18 | 21.5% | -13.0% |
% Seniors | 12.1% | 18.6% |
% WFH | 10.0% | 122.2% |
% w/ College Degree | 23.1% | 3.6% |
As of the latest ACS Survey released in 2023, Corona, CA is a predominantly hispanic area, with 59.4% of the population identifying as hispanic. The hispanic population has grown by 12.3% in the last 5 years. The second most common race or ethnicity in Corona, CA is white, making up 21.4% of the population. Foreign-born residents account for 30.1% of the population in Corona, CA, and this percentage has decreased by 2.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 21.4% | -20.4% |
% Black | 5.0% | -10.7% |
% Hispanic | 59.4% | 12.3% |
% Asian | 12.9% | 9.3% |
% Foreign Born | 30.1% | -2.3% |
Mortgage and Risk — Corona, CA
According to HUD data as of 2023, there were 378 mortgage originations in Corona, CA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Corona, CA. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 378 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Corona, CA
As of 2024, the percent of homes in Corona, CA under the Section 8 program is 1.1%. 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. In Corona, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 76 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $2,020 | $2,350 |
| 2 Bedroom | $520 | $2,400 | $2,920 |
| 3 Bedroom | $800 | $3,100 | $3,900 |
| 4 Bedroom | $1,040 | $3,700 | $4,740 |
Affordability — Corona, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $682,000 |
| Median Household Income | $91,900 |