Real Estate Market Update for 92860 (Norco, CA)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was stable from one year earlier, and down 5% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 480-thousand dollars. The number of units sold increased 35% year-over-year, and increased 82% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 92860 (Norco, CA)
Area Information for 92860 (Norco, CA)
  • Population: 28,353
  • Median Age: 38.11 yr
  • Median Commute Time: 30.08 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 2,028/sq mi
  • Population Change Since 2000: 16.62%
  • Closest Airport: Ontario International
  • Closest College: La Sierra University
  • Closest Jr. College: Riverside Community College-norco
  • Median Household Income: $81,330
  • Annual Residential Turnover: 16.57%
  • Median Years in Residence: 4.22 yr
  • Median Home Sales Price: $305,250
  • Closest Major Sports Team: Anaheim Ducks
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92860 (Norco, CA)
Median Age: 38.11 Married: 29% Number of Households: 7,358 Households with Children: 2,904
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 92860 (Norco, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Sierra Vista Elementary School 0.4 mi Public PRESCHOOL-6 2 4
      Norco Intermediate School 0.6 mi Public 7-8 2-5 3
      Woodrow Wilson Elementary School 0.9 mi Public PRESCHOOL-6 3-5 4
      Town And Country Day School 1.0 mi Private PRESCHOOL-K 0 4
      Turning Point Christian School 1.0 mi Private K-4 0 5
      Creative Teaching 1.2 mi Private 9-12 0 0
      Norco High School 1.2 mi Public 9-12 3-5 3
      Norco Vista High School 1.2 mi Public 9-12 0 0
      Precious Cargo Christian Academy 1.2 mi Private K-12 0 0
      Highland Elementary School 1.3 mi Public K-6 3-5 4
      John F. Kennedy High School 1.4 mi Public 10-12 4 4
      Norco Elementary School 1.5 mi Public K-6 3-5 5
      Riverview Elementary School 1.6 mi Public K-6 2-5 4
      Bethany Child Care Center 1.8 mi Private PRESCHOOL-K 0 0
      Victress Bower School For Exceptional Students 2.4 mi Public UNGRADE-UNGRADE 0 0
      George Washington Elementary School 2.4 mi Public K-6 2-5 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 92860 (Norco, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.