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Corona-Norco

Learn about the people, housing, costs and businesses in Corona-Norco, California

Median Home$709,044
Median Rent$2,501/month
Population284,950
Leading IndustriesTransportation · Finance & Insurance · Education3% transportation
Home Value Growth⬆⬆+16.2% over 2 years
Young Adults29% of residentsslightly above average
Homeowners73% of occupied units
NotableHigh Incomes$121k/year · top 5% nationally
Corona-Norco
CA

Frequently Asked Questions

What are today's mortgage rates in Corona-Norco?

As of today, the 30-year fixed mortgage rate for Corona-Norco is approximately 6.803% (6.836% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Corona-Norco?

The median home value in Corona-Norco is $709k. The median monthly rent is $2,501. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Corona-Norco?

Home values in Corona-Norco have increased 16.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Corona-Norco?

Based on a typical all-in ownership cost of $2,472/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $106k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Corona-Norco is $121k/year.

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What industries drive the economy in Corona-Norco?

The largest employment sectors in Corona-Norco are public administration (21%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.