This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Corona Home Prices

The data below shows median sales prices for Corona Queens homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Corona homes and apartments was $433,000¹. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Corona

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 19.45% higher.

The quarterly rolling median price for all homes and apartments in queens reached its most recent peak of $750,000 in September 2006. At $433,000, the current quarterly rolling median price is now 42.27% lower. When the quarterly rolling median price hit its lowest point (to date) of $303,186 in October 2009 it was 59.58% off the most recent peak. It has since climbed 42.82% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for Corona

The 12 month rolling median price for all homes and apartments in queens reached its most recent peak of $700,000 in May 2007. At $447,500, the current 12 month rolling median price is now 36.07% lower. When the 12 month rolling median price hit its lowest point (to date) of $370,000 in November 2009 it was 47.14% off the most recent peak. It has since climbed 20.95% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Rolling Median Sales Prices for the Last Year

Corona Home Affordability

In 2007, the median household income in Queens was $52,299². Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Queens household, this would have meant that a monthly mortgage payment should not have exceeded $1,307 using the 2007 average mortgage rate of 6.34%³. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 19.01% of the homes and apartments sold in Corona in all of 2007.