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 in the Riverside market area is 63%. average monthly revenue in the Riverside market area is $3,834. average daily rate in the Riverside market area is $227. the top operator in the Riverside market area 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 StaySTRA 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 |
|---|---|
| Jan | 51% |
| Feb | 57% |
| Mar | 58% |
| Apr | 56% |
| May | 56% |
| Jun | 62% |
| Jul | 63% |
| Aug | 57% |
| Sep | 55% |
| Oct | 57% |
| Nov | 54% |
| Dec | 57% |
Month-by-month nightly rates and revenue figures for Corona are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Riverside market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Riverside market as a whole, which includes Corona, so these counts are not Corona-only figures.
| # | 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 nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Corona are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 69.4% |
| vrbo | 2.7% |
| both | 28% |
Home Value Trends (Corona)
Typical home values, median sale prices, and the 10-year price trend for Corona are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Corona — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
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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