Corona, California, has a population of over 150,000 people. It's in Riverside County and has become something of a bedroom community in Southern California. This little city has been growing in recent years and has a vibrant feel to it. There is something for everyone here in Corona if you know where to look. Corona is a town with a rich history that it works to preserve. There are historic home tours, a cemetery walk and many other activities. Be sure to take a look at the Founders Monument in the Corona City Park and The Butterfield Stage Station on Temescal Canyon Road.
Corona, CA is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Corona, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Corona, CA is seeing rapid growth and Corona, CA's' housing market remains optimal with an average home price that is -100% below the 2023 national average. Corona, CA is part of Riverside county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Riverside is 0.8% which is below the national average, which is 0.99%.
Housing Statistics Making decisions about housing can be tough. You need to consider your own living requirements and personal and financial needs, as well as occupational goals before making a final decision. There are about 1,006 home sales annually in Corona, so there's a good chance you'll find something to buy or rent to own. If you are looking to purchase a house or a rental house, you can expected to pay around $375,000, which is the median sales price. The average listing price for the area is higher at $450,000. About 70% of homes are owner occupied in Corona, and the rest are rented, so if you want a buyable or rental home, you'll be in luck. If you are looking for an apartment, the vacancy rate usually hovers at about 5%, so it might be a little bit tougher to find just what you are looking for.
Local Shopping The shopping is great in Corona, starting with Dos Lagos. This shopping mall encourages you to both eat and shop, and it has plenty of attractions. Another great local mall is Crossings, where you can find great local kiosks, along with national favorites and many others. If you are looking for some great bargains, hit the Corona Discount Mall over on Main Street. If you are looking for artwork or a great place to find gifts, then you probably want to stop at Nancy's Country Hearts and Fine Art Gallery over on McKinley. This is one stop shopping for fine art, collectibles and unique jewelry. Another great boutique is Brighton Collectibles over on Cabot Drive. They have a little of everything and their inventory changes frequently so stop in often.
Tourists Attractions Corona has a lot of different attractions within its borders. Skull Canyon normally tops the list for hikers in the area. Visitors will love the 160 acres of trails and undisturbed wilderness. If you're looking for something less strenuous, then stop in at the Laser Family Fun Center--one of the highlights here is laser tag! Golf is a popular sport in the area, and there are several beautiful golf courses you might be interest in checking out. The Mountain View Country Club and Cresta Verde Golf Course are two huge attractions for golfers of all ages. The Fender Museum is a popular attraction for guitar lovers. For those moving to Corona, the Fender museum is connected to a musical school, making it an outstanding place to hone your musical skills.
Largest Employers In Corona, the largest employer is the Corona-Norco Unified School District. Corona Regional Medical Center, Watson Pharmaceuticals, the City of Corona, and Kaiser Permanente round out the list of the top 5 employers. These primarily high level income jobs show a growing and vibrant economy. The emphasis on education is also easily seen by the placement of the local school district on this list.
Corona Neighborhoods Here are some neighborhoods in Corona you should know about: