Corona, California Short-Term Rental Market
Corona CA STRs averaged $208/night at 54.2% occupancy in April 2026, but the city enacted a citywide short-term rental ban in October 2023.
Quick Answer: Corona, California is an active short-term rental market. average occupancy is 63%. average monthly revenue is $3,834. average daily rate is $227. the top operator is Evolve with 88 listings. market score is 53/100 (grade D).
Market data reflects the Riverside regional market, which includes Corona. Regulations, taxes, and permit details below are specific to Corona.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Corona is a Riverside County city in Southern California’s Inland Empire with a population of approximately 159,670, situated about 45 miles southeast of Los Angeles. The city has historically drawn visitors primarily through Glen Ivy Hot Springs, regional retail, and its position as a commuter and gateway community to Lake Elsinore and Temecula Wine Country.
Critical regulatory notice: the City of Corona enacted a citywide ban on short-term residential rentals on October 18, 2023 (Municipal Code Chapter 5.55). Operating a dwelling for stays of 30 consecutive days or fewer is prohibited. The remaining data below represents the listing activity captured for this area, which may include properties operating outside legal compliance, mid-term rentals misclassified by data providers, or listings in nearby unincorporated areas. Investors should not treat this data as evidence that STR operations are viable in Corona.
As of April 2026, the market area showed an average daily rate of $208 and occupancy of 54.2%, producing RevPAR of $112.77 and average monthly revenue of $3,319. The listing base included approximately 7,513 units: 4,893 entire-place (65%), 2,601 private rooms (35%), and 19 shared rooms. By bedroom count: 1-bedroom units led at 3,830, followed by 3-bedroom (994), 4-bedroom (967), 2-bedroom (936), and 5-bedroom (769). Airbnb is the primary platform with 5,212 Airbnb-only listings, 200 VRBO-only, and 2,101 on both platforms.
Year-over-year as of April 2026, occupancy grew 2.64 percentage points, ADR declined 1.75%, and revenue grew 4.61%. The 2025 annual average was 56.1% occupancy, $201 ADR, and $3,142 monthly revenue.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 51% | $161 | $2,426 |
| Feb | 57% | $163 | $2,382 |
| Mar | 58% | $172 | $2,684 |
| Apr | 56% | $179 | $2,855 |
| May | 56% | $175 | $2,697 |
| Jun | 62% | $200 | $3,291 |
| Jul | 63% | $187 | $3,223 |
| Aug | 57% | $174 | $2,806 |
| Sep | 55% | $167 | $2,539 |
| Oct | 57% | $173 | $2,688 |
| Nov | 54% | $179 | $2,721 |
| Dec | 57% | $181 | $2,820 |
Top Short-Term Rental Operators in Corona
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 88 | 1,911 | ★ 4.58 |
| 2 | New Spirit Vacation Homes | 60 | 3,551 | ★ 4.46 |
| 3 | Vacasa | 46 | 2,851 | ★ 4.53 |
| 4 | Host / Eric | 45 | 40 | ★ 4.67 |
| 5 | Holidale | 44 | 11 | ★ 4.57 |
What Kind of STR Should I Buy in Corona?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 3,830 |
| 2 bed | 936 |
| 3 bed | 994 |
| 4 bed | 967 |
| 5 bed | 769 |
ADR by Property Tier
| Entire Home | $300 |
| Luxury | $498 |
| Professionally Managed | $432 |
Revenue by Dwelling Type
| Apartment | $2,460 |
| Entire Place | $4,985 |
| House | $4,000 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 69.4% |
| vrbo | 2.7% |
| both | 28% |
Investment Analysis
Given the October 2023 citywide STR ban in Corona, a traditional short-term rental investment analysis is not applicable to properties within city limits. Operating an STR in Corona carries significant legal risk, including fines of $1,500 for a first violation, $3,000 for a second, and $5,000 for a third, plus active third-party monitoring of Airbnb and VRBO listings by the city.
For investors interested in the Riverside County area, alternatives include: (1) 31-plus-day medium-term rentals, which are exempt from the ban and can capture the corporate relocation, travel nurse, and extended-stay demand prevalent in the Inland Empire; (2) properties in unincorporated Riverside County, which may have different rules; or (3) hotel/motel zoned properties, which are not affected by Chapter 5.55.
For informational context only: the market area’s average monthly revenue was $3,319 in April 2026. Entire-place listings averaged $4,253 and house-type properties averaged $3,466. The professionally managed tier averaged $390 ADR versus the all-listings average of $208, and the luxury tier reached $484 per night. No housing price data was available for this area to calculate yield.
The 2025 annual average revenue of $3,142 per month was slightly below 2024 ($3,197) and well below the 2021 peak ($3,395). The market’s total score of 53.0 and investability score of 52.9 reflect constrained investment viability consistent with the regulatory environment.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
As of April 2026, guests in this market area booked an average of 37.7 days in advance and stayed an average of 4.9 nights per booking.
The 38-day lead time is moderate and consistent with a market that draws regional and business travelers rather than long-planned vacation guests. The 4.9-night average length of stay is notably longer than typical short-term vacation markets, which may partly reflect medium-term stays (5 to 10 nights) blending into the STR data. This length-of-stay profile aligns with the corporate relocation and extended-stay demand that exists in the Inland Empire corridor.
For operators in legally compliant structures (31-plus-day rentals), the longer booking windows and stay durations observed here suggest that medium-term rental positioning could capture meaningful demand with lower turnover costs. Monthly corporate leases and extended-stay corporate housing are models that could serve the apparent demand without running afoul of the Chapter 5.55 prohibition.
Short-Term Rental Regulations
Short-term residential rentals are prohibited in Corona, California. On October 18, 2023, the City Council unanimously adopted an urgency ordinance (Municipal Code Chapter 5.55) that banned all short-term rentals, defined as stays of 30 consecutive days or fewer, from all residential zones citywide.
The ordinance stopped issuance of new STR permits immediately. Approximately 13 previously permitted units were allowed to operate as legal nonconforming uses only until their existing one-year permits expired, with the last expiring by October 2024. Renewals were not permitted, completing a full phase-out.
The city raised penalties substantially upon enactment: $1,500 for a first violation, $3,000 for a second, and $5,000 for a third (increased from $100, $200, and $500 respectively). The city also contracted with a third-party monitoring company to scan Airbnb, VRBO, and other platforms for illegal listings, indicating active enforcement.
A 10% Transient Occupancy Tax applies to lawful transient lodging (hotels and motels) under Municipal Code Chapter 3.34, but this provision does not apply to or legalize STRs.
Bottom line: operating a short-term rental in Corona is not legally viable. Investors interested in the area should evaluate 31-plus-day medium-term rental strategies, which fall outside the ban’s definition, or explore properties in unincorporated Riverside County where different rules may apply.
Market Comparison
The market area shows 54.2% occupancy in April 2026, near the US STR median of approximately 55%. The $208 ADR is slightly below the US median of approximately $220, reflecting a market with a meaningful share of room-level listings (35% private rooms) pulling the average down.
The seasonality score of 97.8 out of 100 makes this one of the most year-round consistent markets in California, comparable to other urban Inland Empire markets. This is in contrast to most Southern California coastal markets where summer demand spikes sharply.
The five largest operators by listing count are Evolve (88 listings, 4.58 rating, 1,911 reviews), New Spirit Vacation Homes (60 listings, 4.46 rating, 3,551 reviews), Vacasa (46 listings, 4.53 rating, 2,851 reviews), Host/Eric (45 listings, 4.67 rating), and Holidale (44 listings, 4.57 rating). Combined, these five account for 283 listings, a smaller concentration than in many markets.
The relatively low total market score of 53.0, low investability score of 52.9, and strict enforcement rating confirm that this market carries above-average regulatory risk that substantially limits its appeal as a traditional STR investment target.
Frequently Asked Questions About Corona, California
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