Corona appreciation rates and housing market information

Corona housing market information

With 124,935 people, 39,258 houses or apartments, and a median cost of homes of $376,965, 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 66.19% of the city's housing units. Other types of housing that are prevalent in Corona include large apartment complexes or high rise apartments (19.32%), duplexes, homes converted to apartments, or other small apartment buildings (5.67%), row houses and other attached homes (5.57%), and a few mobile homes or trailers (3.27%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Corona. Owner-occupied housing accounts for 64.96% of Corona's homes, and 56.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Corona built from 1970-1994, 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 from 1995 and later (24.57%). A lesser amount of the housing stock also hails from 1940-1969 (15.17%), and some were built from 1939 and earlier (15.17%).

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 81.66%, which ranks in the top 40% nationwide. This equates to an annual average Corona house appreciation rate of 8.16%.

Over the last year, Corona appreciation rates have trailed the rest of the nation. In the last twelve months, Corona's appreciation rate has been -27.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Corona were at 0.97%, which equates to an annual appreciation rate of 3.88%.

Relative to California, our data show that Corona's latest annual appreciation rate is higher than 10% 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 1990, to assist you in making the best Corona real estate investment or home purchase decisions.