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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$833,156
for California
for nation
46,524
$3,890 / per month