92883 Home Prices & Values

$422,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 15.0% 1-year change
  • 11.1% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 92883 is $422,900. 92883 home values have gone up 15.0% over the past year and Zillow predicts they will rise 11.1% within the next year. The median list price per square foot in 92883 is $190, which is lower than the Corona average of $194. The median price of homes currently listed in 92883 is $429,900 while the median price of homes that sold is $398,250. The median rent price in 92883 is $2,295, which is higher than the Corona median of $2,100.

Foreclosures will be a factor impacting home values in the next several years. In 92883 5.1 homes are foreclosed (per 10,000). This is greater than the Corona value of 3.3 and also greater than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 92883 is 7.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 92883 homeowners underwater on their mortgage is 12.6%, which is higher than Corona at 12.0%.

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Relative ZHVI
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92883 Market Overview

Data through Jul 31, 2014
  • $422,900 ZHVI
  • 11.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $429,900 Median listing price
  • $398,250 Median sale price
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92883 Market Health

Data through Jul 31, 2014
  • 8.2/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 12.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.1 homes 92883
3.3 homes Corona
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
92679 $793,500 92676 $579,700 92688 $574,800
92881 $468,900 92882 $402,900 92879 $362,900
92503 $290,000 92530 $247,900 92570 $234,800

Listings & Sales

Data through Jul 31, 2014
  • $190 Median list price / sq ft
  • $192 Median sale price / sq ft
  • 50.3% Listings with price cut
12.0%
Sold below listing
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92883 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,075 92883
$2,129 Corona
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,295 Rent list price
  • $0.90 Rent list price / sq ft
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