The typical owner-occupied home in Corona is worth about $85,000, 67% below the South Dakota median of $257,400 and 74% below the national median of $332,700. Owners pay a median $1,217 a year in property taxes, about 1.43% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $65,000 a year, so the median home costs 1.3 times the median income (3.4 times for South Dakota). 64% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Corona at a glance
| Corona | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $85,000 | $257,400 | $332,700 |
| Median property tax paid per year | $1,217 | $2,724 | $3,119 |
| Property tax as a share of value | 1.43% | 1.06% | 0.94% |
| Median household income | $65,000 | $75,081 | $80,734 |
| Homes lived in by their owners | 64% | 69% | 65% |
| Owner homes with a mortgage | 61% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1972 | 1980 | 1980 |
| Vacant homes | 10.0% | 10.5% | 10.1% |
| Population | 87 | 907,428 | 334,922,499 |
What a typical home costs per month in Corona
At this week's average 30-year rate of 7.11%, buying the median Corona home of $85,000 with 20% down costs about $594 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $736, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,464 for the 20%-down payment. That payment is 11% of the median Corona household income of $65,000; at that income and 20% down, the 28% guideline points to a home of about $217,000.
| Down payment | $17,000 |
|---|---|
| Loan amount | $68,000 |
| Principal and interest | $457 |
| Property taxes (1.43% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $594 |
Change the numbers in the calculator
| Down payment | $2,975 |
|---|---|
| Loan amount | $83,460 |
| Principal and interest | $561 |
| Property taxes (1.43% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $38 |
| Total per month | $736 |
Change the numbers in the calculator
Questions about home buying in Corona
What is the median home value in Corona?
About $85,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Corona?
Homeowners pay a median $1,217 a year, which is about 1.43% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Corona?
For the median home with 20% down at 7.11%, the payment is about $594 a month. Keeping that under 28% of gross income takes about $25,464 a year.
More about Corona
- Mortgage Refinance in Corona
- Debt Relief in Corona
- Home Equity Loans in Corona
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data