Corona Del Mar
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This is an overview of the Corona Del Mar real estate market. It is intended as a resource for investors and other home buyers when researching Corona Del Mar homes for sale.
The information is compiled from many sources, and will be updated every 3 months, however, some of the sources drawn from may be a few years older.
Last updated 3/15/2010.
OVERVIEW
Corona Del Mar is located in Orange County in Southern California. It's the southern neighbor to Newport Beach. The area code is 949 and the zip code is 92625. The population is around 13,000 and the area covers just 3.1 square miles.
MEDIAN HOME PRICE
The median sale price according to Cyberhomes is $1,445,000.
PROPERTY TAXES
The median property taxes for houses with a mortgage are around $4703.
RENTERS VS. HOMEOWNERS
Around 32% are renters and 8% of homes are vacant.
MEDIAN INCOME
The median household income is $196,000.
THE HOUSES
Most of Corona Del Mar real estate was built in the 1960's, with the next largest group being built in the 1970's. The third largest group was built in the 1970s.
JOBS
The most common 3 occupations include business & management, sales & office and professional.
There was 9.6% unemployment as of February 2010.
COMMUTING
The average time for commuters to get to work is 25 minutes. Approximately 8% work from home.
THE PEOPLE
Of the 13% foreign born residents, most are from Iran, Canada, Germany or the UK.
EDUCATION
57% of the residents have at least a high school degree, and 17% have a graduate or professional degree.
THE WEATHER
Temperatures range from 72 in summer to 47 degrees Fahrenheit in winter. There are usually 33 days of precipitation and you can expect about 278 sunny days per year. Rainfall is 11 inches annually.
DISCLAIMER: All information is obtained amd combined from multiple sources but we cannot guarantee their accuracy.
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