Corona, CA—92881
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 $852,000, with a year-over-year change of -2.4%. This indicates that home prices in Corona, CA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $852,000 | -2.4% |
| Single Family | $871,000 | -2.5% |
| Condos | $655,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $511,000 | -3.2% |
3 Bed | $713,000 | -2.3% |
4 Bed | $871,000 | -2.6% |
| 5 Bed | $1,105,000 | -1.8% |
% of Housing Stock
Rental Trends — Corona, CA
As of July '25, Rentcast reports the average rent in Corona, CA is $3,820, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Corona, CA is 1-bedrooms: $1,560, 2-bedrooms: $2,450, 3-bedrooms: $3,460, 4-bedrooms: $4,160. The most common rental property sizes in Corona, CA are 2-bedroom and 1-bedroom, accounting for 29.4% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $3,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,560 |
| 2 Bed Rent | $2,500 | $2,450 |
| 3 Bed Rent | $3,350 | $3,460 |
| 4 Bed Rent | $4,000 | $4,160 |
% 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 67. This is a increase of 41.0% 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 | $997,000 | -10.0% |
Listing Count | 72 | 32.0% |
| Listings as % of Homes | 0.7% | 32.0% |
Days on Market | 67 | 41.0% |
Demographics — Corona, CA
As of the latest ACS Survey released in 2023, Corona, CA has a population of 30,000, which has decreased by -11.8% over the past 5 years. Corona, CA is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,000 | -11.8% |
% Under 18 | 24.1% | -3.2% |
% Seniors | 13.7% | 33.0% |
% WFH | 11.3% | 68.7% |
% w/ College Degree | 35.9% | 18.9% |
As of the latest ACS Survey released in 2023, Corona, CA is a predominantly white area, with 41.5% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Corona, CA is hispanic, making up 34.3% of the population. Foreign-born residents account for 23.7% of the population in Corona, CA, and this percentage has increased by 27.4% 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 | 41.5% | -8.8% |
% Black | 3.6% | -52.0% |
% Hispanic | 34.3% | 6.9% |
% Asian | 13.8% | 23.2% |
% Foreign Born | 23.7% | 27.4% |
Mortgage and Risk — Corona, CA
According to HUD data as of 2023, there were 368 mortgage originations in Corona, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Corona, CA. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 368 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Corona, CA
As of 2024, the percent of homes in Corona, CA under the Section 8 program is 3.9%. 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 | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,080 | $1,200 | $2,280 |
| 2 Bedroom | $340 | $2,500 | $2,840 |
| 3 Bedroom | $440 | $3,350 | $3,790 |
| 4 Bedroom | $610 | $4,000 | $4,610 |
Affordability — Corona, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $852,000 |
| Median Household Income | $133,000 |