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Corona, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,711
Monthly Cash Flow
-$1,739
Principal + Equity
$4,428
Annual Total Gain
$32,268
Cash on Cash
-11.03%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$255
Occupancy Rate
51.85%
Monthly Revenue
$2,245
Monthly Cash Flow
-$2,542
Principal + Equity
$4,428
Annual Total Gain
$22,633
Cash on Cash %
-16.12%
Net ROI %
Market Health & Growth
Median Income
$106,438
Population
158,839
LTR Renter %
36.64%
Forecast (1 yr)
1.48%
Appreciation (1 yr)
-2.25%
Appreciation (5 yr)
44.79%
Appreciation (10 yr)
80.78%
Job Growth
1.42%
LTR Rentability
Moderate
STR Demand
46
STR Rentals
273
Top Public Schools
AJohn F. Kennedy High School
A-Philistine Rondo School of Discovery
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Cities in America
#98out of 229 markets
Best Cities for Outdoor Activities in America
#59out of 229 markets
Cities with the Best Public Schools in America
#52out of 229 markets
B
Public School
C-
Crime And Safety
D
Housing
B-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Corona, CA.
In Corona, CA, short term rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Permit Requirement: In Corona, STRs are required to obtain a permit from the city in order to operate legally. The permit application process may involve submitting documentation, paying a fee, and meeting certain requirements set by the city.
2. Zoning Restrictions: The city of Corona has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check the zoning of the property they are interested in purchasing to ensure that it is zoned for short term rentals.
3. Occupancy Limits: Corona has occupancy limits for STRs, which specify the maximum number of guests allowed to stay in a rental property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: The city of Corona has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: STRs in Corona are subject to transient occupancy taxes, which must be collected and remitted to the city. Investors should be aware of their tax obligations and ensure that they are in compliance with the city's tax regulations.
By being aware of these regulations and requirements, investors can make informed decisions about purchasing a property for short term rental purposes in Corona, CA. It is recommended to consult with a real estate attorney or local property management company to ensure full compliance with all regulations.
Market Trends Over Time
Explore 25 years of market data for Corona, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Corona, CA.
The LTR Genie Score of Corona, CA is 56 and STR Genie Score is 39, indicating a moderate and low rating respectively. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0578% and a Net ROI of 17.05%. On the other hand, the STR Net ROI is 11.96% with an Occupancy rate of 51.85% and Revenue of 2245. The 1-Year Price Appreciation Forecast is 1.48%.
The LTR Genie Score is higher than the STR Genie Score, suggesting that long-term rental investment may be more favorable in Corona, CA. The higher LTR Net ROI and Rentability compared to the STR metrics indicate that long-term rental properties may offer better returns and stability in this market.
Corona, CA is a growing city in Riverside County with a strong job market and a diverse population. The city offers a mix of suburban neighborhoods and urban amenities, making it an attractive location for real estate investment. With a moderate LTR Genie Score and positive 1-Year Price Appreciation Forecast, Corona, CA could be a promising market for long-term rental investment. However, the low STR Genie Score suggests that short-term rental investment may not be as lucrative in this area. Overall, real estate investors may find success in focusing on long-term rental properties in Corona, CA.
LTR Genie Score 79
$165,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,344 sqft.🏠 SINGLE FAMILY
