Homes for sale in Corona, CA
Moving from one city to another can be a daunting task. Uprooting can be expensive and emotionally taxing. When it comes to preparations, several factors come into play, and one of the most important ones, of course, is finding the right home.
Once you’ve decided to relocate to a city like Corona in California, however, you’d soon realize that the home search can be fun after all. What makes the city special? What do homebuyers have to look forward to when searching for homes for sale in Corona, CA?
Take a deep dive into the City of Corona, its culture and lifestyle, and what the real estate scene has to offer.
An overview of Corona, CA
With the population of 168,000, the city boasts of a community made up of young and educated families. Corona exceeds 39.2 square miles in size and is located about 45 miles southeast of Los Angeles.
With a young and energetic population, Corona offers more than 394 acres of playgrounds, basketball courts, tennis courts, outdoor pools, and skate parks.
If these outdoor features still fail to impress prospective homebuyers, they will surely love the different landmarks and key destinations in Corona.
For starters, families who decide to move to Corona can take their kids to Tom’s Farms. This interesting amusement park started as an ordinary farm stand by the roadside. Today, it is a place where families can spend the day doing fun and healthy activities.
The park’s petting zoo is perfect for children who love to learn more about animals. There, children can have a close encounter with chickens, goats, and rabbits. For kids who want to take the excitement to the next level, they can try Tom’s Farms Pony Ride.
For those who are fond of explorations, they can enter Tom’s Mining Company. Here, they can unearth different kinds of gems and stones including quartz, emeralds, rubies, and tiger eyes.
Meanwhile, people who have a penchant for outdoor adventures can try the Skull Canyon Zip Line. They can also troop to the Estelle Mountain Nature Reserve and book a safari ride. From there, they will complete a short climb to the mountain’s highest point and reach two separate zip lines. The great thing about the zip lines is that they give visitors some of the most majestic views of over 160 sections of rocky territories.
A relaxing visit to the Glen Ivy Hot Springs Spa is a good idea to close out a fun day outdoors. Located right underneath the Santa Ana Mountains, the hot springs give visitors a taste of nature’s energizing gifts. The place features 17 pools, sauna baths, and Adventure Baths, among other activities.
From what used to be an agricultural community, the City of Corona evolved into one of California’s leading suburbs. New residents who wish to explore the boundaries of Corona will certainly have a lot to see. Those who live in North Corona can visit the City of Norco if they drive straight up north. Meanwhile, they can head to the east side and end up in the City of Riverside.
Those who go northeast will end up in Chino Hills. Meanwhile, Central Corona, which is the oldest area in the city, is home to the Grand Boulevard and the Grand Boulevard Historic District in downtown Corona.
Last but not least is South Corona, which houses the city’s planned communities. It also has some of the finest schools in Corona, which makes it attractive for families looking for quality education for their children.
A brief history
The history of Corona goes back some 10,000 years ago. This was way before the foundation of the town in 1886. Interestingly, its first inhabitants were the Gabrielino and Luiseño Indians. The Grabrielinos controlled the western portion of Corona where the modern-day Prado Dam is situated.
On the flip side, the Luiseños lorded over the southern part, near Temecula and Lake Elsinore. By 1769, the Spanish colonized California. This, coupled with the onslaught of new illnesses, resulted in the dwindling of the population of the two American Indian groups.
Fast-forward to 1850, California became the country’s 31st state. At this time, it was the descendants of Spanish soldier Jose Yorba who owned a huge portion of the land along the Santa Ana River, as well as what is today’s Corona. By 1886, the group of Adolph Rimpau, George L. Joy, A.S. Garretson, Robert B. Taylor, and Samuel Merrill bought 12,000 acres of land from the Yorba family.
The land was then called southwestern San Bernardino County. Thereafter, the group established the South Riverside Land & Water Company, which aimed to develop the land into a new town.
The company wasted no time, as they began to lay the foundations of the new town. They established irrigation systems and a railroad depot. These paved the way for water to reach the town, which they would call South Riverside.
In July of 1896, the people of South Riverside decided to incorporate their small rural town into the new Riverside County. With the goal of establishing a unique identity, they also voted to rename their town into Corona, which means “crown” in Spanish.
Corona eventually became the “Lemon Capital of the World.” Being the citrus capital, the city further developed and expanded. It also welcomed new immigrants.
Homes for Sale in Corona, CA
Before hunting for listed properties in Corona, buyers must first get a feel of how the local real estate market is doing. Currently, the median price of houses in the city stands at $635,000. Interestingly, it is one of the highest real estate costs in the country. However, the prices are still nowhere near the most expensive communities in California.
It is also important to note the real estate appreciation rates of the city. Over the last decade or so, houses in Corona appreciated 75.47%. The city also recorded an average annual appreciation rate of 5.78%. These numbers placed the city among the top 10% in terms of real estate appreciation in the country.
In turn, Corona remains to be one of the most attractive spots for real estate investors. Buyers looking to sell have a lot to look forward to if they decide to include their properties in a home listing in the future.
Prospective buyers who have no problems paying off an expensive mortgage can go for the luxury homes available in Corona. They can find a listing of luxury homes starting at 3,400 square feet. The sizes of the properties even go as high as over 10,000 square feet.
The average luxury home comes with around 3 to 4 bedrooms with 4 baths. As for the prices, a 3,000-square foot home will cost around $1.4 million. On the other end of the spectrum, a 10,000 square-foot luxury property will fetch anywhere between $7 million and $10 million.
For home hunters on a small budget, they can search for listed condominiums. Depending on the size, the condominiums may come with 1 to 4 bedrooms and up to 3 bathrooms. As for the lot sizes, they measure anywhere between 500 sq ft and 2,000 sq ft.
Also, most of these condominiums already come with the essentials. Aside from spacious bedrooms, some of these condos have stainless steel appliances and granite counters. As for the bathrooms, the condo units may feature tiled showers and granite countertops.
Homebuyers also don’t need to worry about their vehicles. Generally, these units come with at least one parking slot. Another important aspect to note with these condos is the homeowner’s association (HOA) dues. This will cover expenses for the trash, water, sewer, insurance, and maintenance.
When it comes to amenities, buyers can easily find condos that come with basketball courts, tennis courts, pools, and spas.
For individuals and families in search of a bigger space, there are a few listed townhomes available in Corona. Typically, these properties come with 2 to 3 bedrooms and 2 to 3 baths. What’s nice about townhomes in Corona is that people get many options in terms of the price range.
Homebuyers can find a 1,100 sq ft townhome for as low as $250,000. Those who have more money can opt for a 1,900 sq ft townhome for around $600,000.
Home / Single Family Home / Residential
For home hunters planning to build a family in Corona, they will find several listings for single-family homes. These homes offer just the right size for a small family. Alternatively, a small group of friends can also consider the single-family home as a viable option.
Generally, a typical 2,000 sq ft single-family home listing comes with at least 2 bedrooms and 2 bathrooms. For those who have several kids who already need a room of their own, they can find a home 2,500 sq ft home with 5 bedrooms.
Though single-family homes may not be as big as luxury homes, they do not fall short in terms of the sizes of the bedrooms. Moreover, most of them belong to a community, which means that residents can have access to key amenities like gyms, spas, parks, and pools, among others.
When it comes to the pricing, a 2,000 sq ft single-family home starts at around $700,000. Prices can go up to over $3 million for much larger homes.
Corona is also home to the Naval Surface Warfare Center, situated along Southern California’s Interstate 15, east of the greater L.A. Metro Area. For this reason, it is common for naval and military men to look for off-base homes for sale in Corona, CA.
Thankfully, the city offers them plenty of options. Some of the most common choices military men go for are condominiums, duplexes, and two-story homes.
Sometimes, people moving to Corona prefer to live in a home that they can build from the ground up. Prospective transferees to the city will find an abundance of options for new constructions. Some available plans and designs are ready for building.
Alternatively, home hunters can look for a listing of newly built homes. Generally, these homes are fully furnished and ready for occupancy. Since new homes can be quite expensive, buyers can talk to a trusted local real estate agent for advice on how to go about the mortgage. The agent can provide valuable information that can help buyers make the right decisions.
Living in Corona, CA
General cost of living
Information about the cost of living in Corona is another important aspect to consider. The city’s cost of living is 26% higher than the national average of $4,528 for a family of four and $2,590 for a single person. However, it is 10% less than the average in the state of California. Additionally, when it comes to the most expensive cities in California, Corona ranks 269th out of 482.
Meanwhile, the median household income stands at $83,752.
Corona is a diverse city, especially when it comes to employment and job opportunities. It is home to different kinds of manufacturing companies. However, the leading employers come from the education sector. The Corona-Norco Unified School District, for example, is the largest public school district in the entire Riverside County. The district employs close to 5,000 workers.
The medical sector is another powerhouse in the city. The Corona Regional Medical Center is a medical facility owned and operated by Universal Health Services. It is home to over 1,000 workers and some 238 hospital beds.
Other sectors where new Corona residents can find employment include food processing and aeronautics.
Home hunters who are looking to move to a warmer place will love Corona. The climate in Corona is generally hot, arid, and clear. The temperature usually plays around 42°F to 90°F throughout the year.
The city registers an average of 275 sunny days in a year. This is higher by 70 sunny days compared to the national average. When it comes to the amount of rainfall, it only gets about 12 inches of rain per year. This is way below the national average of 38 inches of rainfall per year.
Come winter, residents can expect zero inches of snow. Also, the perfect time to enjoy outdoor adventures and warm activities in the city is between early June and late September.
People raising a family in Corona will not have a problem looking for schools. For starters, the Corona-Norco Unified School District offers education from kindergarten through senior year. The system features 31 elementary schools, eight intermediate schools, and five high schools. Additionally, the district also has a few alternative schools and a middle-college high school.
All in all, the system catered to over 50,000 students before the pandemic started. These students come not only from Corona, but also from neighboring cities Norco and Eastvale.
Meanwhile, high school graduates can apply to top-notch universities like the California Baptist University and UC Riverside College. Alternatively, students can apply at Vanguard University or Cal State Fullerton College, which are about 20 to 30 miles from downtown.
Another benefit of living in Corona is the ease of transportation. Residents and visitors who need to fly to and from the city can do so via the Corona Municipal Airport. The airport is under 30 miles away from the LA/Ontario International Airport.
Meanwhile, those who are driving can take State Route 71 and Interstate 15. Moreover, going around downtown is quite easy, thanks to the Grand Boulevard. For those who wish to commute, they can take the 91 Line commuter rail. For people looking for convenience, they can hire the transportation services of Dial-A-Ride or the Corona Cruiser.
Aside from the parks, museums, and outdoor adventures, Corona is home to a smorgasbord of food choices. The city has restaurants offering Mexican food, deep-dish pizza, burgers, and seafood. Steak lovers will also get their fill, as well as those who love Asian cuisines. Of course, there will always be a spot for people who wish to unwind and have a cold mug of their favorite beer.
For those who want to get a feel of the city’s culture, there are different festivals worth checking out. Some of the most notable ones include the Annual Riverside Tamale Festival, the Panana Riverside Lunar Festival, and the Chino Valley Foodie Festival.
Corona is also full of gift shops, antique shops, and thrift stores.
Discover more about the City of Corona with Julian Lopez
Prospective homebuyers who wish to explore their options can learn more about Corona with the help of Julian Lopez and his qualified team of agents. They have extensive knowledge of the local real estate scene and have helped people buy or sell properties around the Inland Empire for over two decades. Julian can show some of the best properties Corona has to offer.
They specialize in various properties like condominiums, single-family homes, and luxury homes. The agents can also assist buyers looking for townhouses, off-base military homes, and new construction properties.
The team is well-equipped to provide mortgage advice, help with the property search, and offer listings that match their clients’ budgets. Connect with the team by calling 909.996.4470. They can also answer inquiries via email at soldbyjulianlopez(at)gmail(dotted)com.
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