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These days, finding an affordable place to live in the Corona area can be challenging. Home prices in Corona are now at a median cost of $192,567, lower than the New Mexico average of $265,486.
The average cost of rent is $398/mo in Corona, primarily driven by the current value of real estate in the Corona area. In Corona, 32.33% of households rent, and 78.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Corona is $2,997 per month. Households that rent pay about 13.28% of their income on rent here. Corona’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Claunch, NM: equally priced homes
- Yeso, NM: higher priced homes
- La Joya, NM: less expensive homes
- San Acacia, NM: higher priced homes
- Lemitar, NM: less expensive homes
- Polvadera, NM: less expensive homes
- Tolar, NM: higher priced homes
- Magdalena, NM: less expensive homes
- Floyd, NM: equally priced homes
- Portales, NM: less expensive homes
Cities with Similar Populations
- Whitewood, VA: less expensive homes
- Brasher Iron Works, NY: less expensive homes
- Brandon, MO: less expensive homes
- Bowles, AL: less expensive homes
- Bowers, DE: higher priced homes
- Bovill, ID: higher priced homes
- Bond, LA: less expensive homes
- Bolair, WV: less expensive homes
- Bobtown, IN: higher priced homes
- Willow Island, NE: higher priced homes
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