Corona, CA—92882
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 $770,000, with a year-over-year change of -1.9%. 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 | $770,000 | -1.9% |
| Single Family | $795,000 | -2.0% |
| Condos | $451,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $355,000 | -3.3% |
2 Bed | $478,000 | -1.4% |
3 Bed | $698,000 | -1.8% |
4 Bed | $846,000 | -1.5% |
| 5 Bed | $1,029,000 | -1.4% |
% of Housing Stock
Rental Trends — Corona, CA
As of July '25, Rentcast reports the average rent in Corona, CA is $3,100, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Corona, CA is studios: $1,920, 1-bedrooms: $1,840, 2-bedrooms: $2,310, 3-bedrooms: $3,370, 4-bedrooms: $4,320. The most common rental property sizes in Corona, CA are 2-bedroom and 3-bedroom, accounting for 39.7% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,100 |
| Studio Rent | $1,920 | $1,920 |
| 1 Bed Rent | $1,720 | $1,840 |
| 2 Bed Rent | $2,340 | $2,310 |
| 3 Bed Rent | $3,380 | $3,370 |
| 4 Bed Rent | $4,100 | $4,320 |
% 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 62. This is a increase of 75.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $795,000 | -3.0% |
Listing Count | 126 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 62 | 75.0% |
Demographics — Corona, CA
As of the latest ACS Survey released in 2023, Corona, CA has a population of 69,400, which has decreased by -3.1% over the past 5 years. Corona, CA is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 69,400 | -3.1% |
% Under 18 | 24.5% | -2.8% |
% Seniors | 11.5% | 16.2% |
% WFH | 11.6% | 107.1% |
% w/ College Degree | 28.8% | 6.7% |
As of the latest ACS Survey released in 2023, Corona, CA is a predominantly hispanic area, with 51.6% of the population identifying as hispanic. The hispanic population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in Corona, CA is white, making up 31.5% of the population. Foreign-born residents account for 23.7% of the population in Corona, CA, and this percentage has decreased by 8.5% 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 | 31.5% | -10.5% |
% Black | 4.6% | 27.8% |
% Hispanic | 51.6% | 5.3% |
% Asian | 9.2% | 4.5% |
% Foreign Born | 23.7% | -8.5% |
Mortgage and Risk — Corona, CA
According to HUD data as of 2023, there were 808 mortgage originations in Corona, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Corona, CA. Investor activity is low, as 2.0% 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 | 808 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% 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 4.4%. 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 | 368 |
Total Units Section 8 | 329 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,720 | $2,220 |
| 2 Bedroom | $420 | $2,340 | $2,760 |
| 3 Bedroom | $310 | $3,380 | $3,690 |
| 4 Bedroom | $380 | $4,100 | $4,480 |
Affordability — Corona, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $770,000 |
| Median Household Income | $101,000 |