What HUD offices serve Corona, California?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Corona.
How many renters live in Corona, California?
The City of Corona has 159,534 people living in 46,523 households.
There are 50,484 renters living in 17,489 renter households in this City. Renters make up 31.64 percent of the population living in Corona.
What is the rental market like in Corona, California?
There are an estimated 48,403 housing units in the Corona area. Of these, 17,969 units are rental homes, making up 37 percent of the housing market. For every renter household in Corona, California, there are 1 rental units.
What is the vacancy rate for rentals in Corona?
The rental vacancy rate in Corona is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Corona for each bedroom size?
Occupied Rental Units by Size in Corona
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 895 | 3,599 | 7,336 | 3,178 | 1,592 |
Occupied Rental Units by Size in Corona
A large number of apartments in Corona have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Corona are overburdened by housing costs?
Among renter households in this market, 58 percent have housing cost burden. Further, 31 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Corona
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,517 to $3,304. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,517 |
| One BR | $1,611 |
| Two BR | $2,010 |
| Three BR | $2,707 |
| Four BR | $3,304 |
2024 Fair Market Rents in Corona, California
How many units are rented at Fair Market Rent (FMR) in Corona?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 343 | 38 percent |
| One BR | 1,470 | 41 percent |
| Two BR | 1,131 | 15 percent |
Rental Units Below FMR in Corona, California
How many affordable rental units are in Corona?
There are a variety of federal affordable housing programs serving households in Corona, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,077 |
| Section 8 Project-Based Rental Assistance | 206 |
| Section 202 Supportive Housing for the Elderly | 39 |
Tracked Units by Federal Program in Corona, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Corona, California
Corona features 318 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Corona, California
There are 717 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corona.
Housing Choice Vouchers in Corona, California
On average, Section 8 Housing Choice vouchers pay Corona landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Corona.
The maximum amount a voucher would pay on behalf of a low-income tenant in Corona, California for a two-bedroom apartment is between $1,809 and $2,211.
Sourced from federal housing data and AffordableHousingOnline.com research.
