Corona, CA—92883
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 $755,000, with a year-over-year change of -2.3%. This indicates that home prices in Corona, CA are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $755,000 | -2.3% |
| Single Family | $771,000 | -2.4% |
| Condos | $640,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $670,000 | -3.2% |
3 Bed | $680,000 | -2.2% |
4 Bed | $792,000 | -2.3% |
| 5 Bed | $927,000 | -2.2% |
% of Housing Stock
Rental Trends — Corona, CA
As of July '25, Rentcast reports the average rent in Corona, CA is $3,570, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Corona, CA is 1-bedrooms: $1,650, 2-bedrooms: $3,000, 3-bedrooms: $3,430, 4-bedrooms: $3,950. The most common rental property sizes in Corona, CA are 3-bedroom and 4-bedroom, accounting for 34.8% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,650 |
| 2 Bed Rent | $3,100 | $3,000 |
| 3 Bed Rent | $3,400 | $3,430 |
| 4 Bed Rent | $3,900 | $3,950 |
% 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 70. This is a increase of 37.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $752,000 | -2.0% |
Listing Count | 201 | -6.0% |
| Listings as % of Homes | 1.1% | -6.0% |
Days on Market | 70 | 37.0% |
Demographics — Corona, CA
As of the latest ACS Survey released in 2023, Corona, CA has a population of 39,100, which has increased by 11.4% over the past 5 years. Corona, CA is a popular place for families, as children make up 25.2% 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 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,100 | 11.4% |
% Under 18 | 25.2% | -8.7% |
% Seniors | 14.0% | 6.9% |
% WFH | 17.4% | 138.4% |
% w/ College Degree | 35.9% | 11.5% |
As of the latest ACS Survey released in 2023, Corona, CA is a predominantly white area, with 39.8% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Corona, CA is hispanic, making up 32.9% of the population. Foreign-born residents account for 17.9% of the population in Corona, CA, and this percentage has increased by 2.3% 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 | 39.8% | -12.7% |
% Black | 10.5% | 29.6% |
% Hispanic | 32.9% | 4.4% |
% Asian | 12.3% | 7.9% |
% Foreign Born | 17.9% | 2.3% |
Mortgage and Risk — Corona, CA
According to HUD data as of 2023, there were 752 mortgage originations in Corona, CA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Corona, CA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 752 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Corona, CA
As of 2024, the percent of homes in Corona, CA under the Section 8 program is 0.1%. 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 | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,380 | $1,400 | $2,780 |
| 2 Bedroom | $360 | $3,100 | $3,460 |
| 3 Bedroom | $1,220 | $3,400 | $4,620 |
| 4 Bedroom | $1,720 | $3,900 | $5,620 |
Affordability — Corona, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $755,000 |
| Median Household Income | $127,000 |