The story of this market
The typical home in ZIP 92883 sells for about $770,000, or $325 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $3,600 a month.
ZIP 92883 — Corona
The 92883 housing market remains stable with a median sale price of $770,000, supported by consistent demand for suburban family housing. While inventory levels are moderate, the market is balanced by high interest from buyers seeking value relative to coastal markets. Growth is driven by ongoing residential development and the area's strategic location along the I-15 corridor.
This ZIP is ideal for families and commuters seeking newer, larger homes in a suburban setting with access to outdoor recreation, though it requires tolerance for long freeway commutes.
Median prices moved up 2.1% year over year.
Homes spend a median of 55 days on market with 4.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 5.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 92883, Riverside County CA
Crime rates in the Temescal Valley area (92883) are generally lower than the broader Corona city average, with property crime being the primary concern.
Schools serving the area are part of the Corona-Norco Unified School District, which maintains a mix of highly rated elementary schools and solid secondary options.
The area faces moderate wildfire risk due to its proximity to the Cleveland National Forest and surrounding wildland-urban interface zones.
Development is driven by residential expansion in the Temescal Valley, with proximity to the I-15 corridor serving as a major economic artery for commuters.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents primarily commute via the I-15 freeway toward employment hubs in Corona, Riverside, and Orange County, often facing significant peak-hour congestion.
The area features access to the Santa Ana Mountains for hiking, local community parks, and proximity to the Dos Lagos shopping and dining district.
The rental market is characterized by high demand for single-family home rentals, with limited vacancy pressure and steady rent growth.
The economy is heavily influenced by logistics, retail, and professional services, with many residents working in the Inland Empire or commuting to Orange County.
Transportation is dominated by the I-15 corridor; public transit options are limited, making personal vehicle ownership essential.
Planning is focused on managing traffic impacts from continued residential growth and expanding local retail infrastructure.
The Riverside County Assessor manages property valuations, with assessments typically adjusted annually based on Proposition 13 limits.
Parcels are subject to Corona-Norco Unified School District taxes and various local Mello-Roos districts for infrastructure maintenance.
Property insurance premiums are rising due to regional wildfire risk, with some carriers limiting new policies in high-hazard zones.
California continues to see net domestic out-migration, though the Inland Empire remains a destination for those relocating from more expensive coastal areas.
California is a non-judicial foreclosure state, providing a structured process for lenders while offering specific protections for homeowners.
Sellers are required to provide a comprehensive Transfer Disclosure Statement covering all known material defects.
Data retrieved from US Census Bureau ZCTA 92883 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Irvine Park Railroad4.716.3 mi
- Wild Rivers Waterpark4.115.4 mi
- Castle Park Riverside4.211.3 mi
- Pretend City Children's Museum4.516.4 mi
- Dave & Buster's Irvine4.216.4 mi
- Tanaka Farms4.619.4 mi
- Pretend City Children's Museum4.516.4 mi
- Eagle Glen Golf Club4.35.6 mi
- Hidden Valley Golf Club4.412.3 mi
- Strawberry Farms Golf Club4.519.3 mi
- Van Buren Drive-In Theatre and Swap Meet4.412 mi
- Lake Forest Sports Park4.711.5 mi
- Black Star Canyon Falls Trailhead4.711.5 mi
- Saddleback Church4.810.9 mi
- AMC Tyler Galleria 164.412 mi
- Mission San Juan Capistrano4.819.6 mi
- Pretend City Children's Museum4.516.4 mi
- Southern California Railway Museum4.614.2 mi
- Tom's Farms4.52.3 mi
- March Field Air Museum4.815.7 mi
- Lake Forest Sports Park4.711.5 mi
- Black Star Canyon Falls Trailhead4.711.5 mi
- O'Neill Regional Park4.69.3 mi
- Santana Regional Park4.69 mi
- California Citrus State Historic Park4.711.3 mi
- Eagle Glen Golf Club4.35.6 mi
- Hidden Valley Golf Club4.412.3 mi
- Glen Ivy Golf Course4.22.1 mi
- Dos Lagos Golf Course4.25.2 mi
- Tijeras Creek Golf Club4.412.3 mi
- Galleria at Tyler4.411.7 mi
- Van Buren Drive-In Theatre and Swap Meet4.412 mi
- Tom's Farms4.52.3 mi
- Outlets at Lake Elsinore3.88 mi
- WinCo Foods4.612 mi
- John Wayne Airport4.622.9 mi
- Ontario International Airport4.522.8 mi
- SBD International Airport4.628.2 mi
- Chino Airport4.718.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major outdoor retail and entertainment center serving the Temescal Valley.
Provides extensive hiking and mountain biking trails bordering the ZIP.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).