Corona, CA
Riverside County · Pop. 159,503
Ranked #205 of 243 cities
24Crisis
Median Home Price
🏠$600K
3.5% YoY
Median Rent
🔑$2,100
3.0% YoY
Median Income
💰$88K
Rent Burden
📊31.0%
% of income to rent
Income to Buy
🏦$172K
annual income needed
Income to Rent
📝$84K
annual income needed
Price-to-Income
⚖️6.8x
Homeownership
🏡68.0%
Rent vs. Buy
Buy
$3,193/mo
Est. mortgage (7%, 20% down)
Need $172K/yr income
Rent
$2,100/mo
Median rent
Need $84K/yr income
How Corona Compares
| Metric | Corona | California | National |
|---|---|---|---|
| Home Price | $600K | $726K | $410K |
| Rent | $2,100 | $1,992 | $1,500 |
| Income | $88K | $96K | $75K |
| Rent Burden | 31.0% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Corona are 46% higher than the national average.
- • Rent is 40% higher than the national average.
- • You need an income of $172K to comfortably buy a home here.
- • The homeownership rate is 68.0%, compared to 65.0% nationally.