Norco, California Housing Market Prices
Norco Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 67% above the California median$1,084,186
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Median rent 3% below the California median$1,965
Housing Market Overview
| Metric | Norco | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,084,186 | $650,794 | $248,835 |
| Price Trend (Annual %) | 26.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,965 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 1.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Norco is about 67% higher than in California. Rent is about 3% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Norco, up about 26.1% and 1.3% a year respectively. Home prices are changing faster.
Median rent in Norco rose about 15.1% between 2015 and 2024, from $1,708 to $1,965. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Norco.
Buying the median-priced home in Norco costs roughly 46.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Norco. The price-to-rent ratio in California is about 26.6.
| Metric | Norco | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,084,186 | $650,794 | $248,835 |
| Median Household Income | $127,870 | $99,161 | $80,455 |
| Price-to-Income Ratio | 8.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Norco rose about 348.1%, while median household income rose about 51.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Norco | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.1% | 51.7% | 58.5% |
| Rental Rate | 18.6% | 40.8% | 31.2% |
| Vacancy Rate | 3.3% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Norco has a homeownership rate of 78.1%, higher than the California average of 51.7%. Its housing vacancy rate is 3.3%, compared with 7.5% in California.
Housing Stock
| Metric | Norco | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.39 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1984 | 1975 | 1978 |
| Median Number of Rooms | 6.5 | 5.0 | 5.5 |
The typical housing unit in Norco was built around 1984. On average, 3.4 people live in a home with about 6.5 rooms, staying for about 15.0 years on average.
Norco, CA Housing Compared With Nearby Cities
How Norco, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Norco, CA | 25,734 | $1,084,186 #1/2 | $1,965 #2/2 | 80.8% #1/2 |
| Corona, CA | 156,111 | $494,715 | $2,193 | 64.0% |
Frequently Asked Questions
Common questions about the housing market in Norco, California.
What is the median home price in Norco, California?
The median home price in Norco, California is $1,084,186, higher than the California average of $650,794.
What is the average home price in Norco, California?
The typical home price in Norco, California, reported as the median sale price, is $1,084,186. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Norco, California?
The median gross rent in Norco, California is $1,965 per month, lower than the California average of $2,036.
What was the median gross rent in Norco in 2020?
In 2020, the median gross rent in Norco, California was $1,857 per month.
What is the price-to-rent ratio in Norco, California?
The price-to-rent ratio in Norco, California is about 46.0, meaning it would take roughly 46.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Norco.
Are home prices or rent rising faster in Norco, California?
Both home prices and rent are rising in Norco, up about 26.1% and 1.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Norco, California?
78.1% of households in Norco, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Norco, California?
The housing vacancy rate in Norco, California is 3.3%, lower than the California average of 7.5%.
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