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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Corona, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Corona, CA Housing Market Trends

With 159,567 people, 46,524 houses or apartments, and a median cost of homes of $833,156, real estate costs in Corona are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Corona, accounting for 65.71% of the city's housing units. Other types of housing that are prevalent in Corona include large apartment complexes or high rise apartments ( 20.37%), row houses and other attached homes ( 5.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.13%).

The most prevalent building size and type in Corona are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.66% owning and 37.34% renting.

There is a lot of housing in Corona built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Corona built between 2000 and later ( 23.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.12%). There's also some housing in Corona built before 1939 ( 3.04%).

Corona Home Appreciation Rates

Appreciation rates for homes in Corona have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.79%, which ranks in the top 40% nationwide. This equates to an annual average Corona house appreciation rate of 7.06%.

NeighborhoodScout's data show that during the latest twelve months, Corona's appreciation rate, at 6.70%, has been at or slightly above the national average. In the latest quarter, Corona's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.

Relative to California, our data show that Corona's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Corona differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Corona - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Corona real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$833,156

Corona, CA Home Prices
> $1,380,000
$1,035,001 - $1,380,000
$690,001 - $1,035,000
$552,001 - $690,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
4.7%
4.7%
15.6%
15.6%
48.8%
48.8%
14.7%
14.7%
6.6%
6.6%
2.6%
2.6%
1.7%
1.7%
2.1%
2.1%
3.3%
3.3%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

46,524

Corona Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,890 / per month

Homeownership Rate

Owners
Renters
62.7%
62.7%
37.3%
37.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.4%
23.4%
61.4%
61.4%
12.1%
12.1%
3.0%
3.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.7%
65.7%
5.5%
5.5%
5.1%
5.1%
20.4%
20.4%
3.3%
3.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
9.1%
9.1%
20.8%
20.8%
27.7%
27.7%
29.2%
29.2%
10.7%
10.7%
0% 100.0%
% of Homes