Quick facts: Norco, CA

Quick Facts

127.6
Cost of Living
above US average
25,042
Population
28.67
Crime Rate per 1000
above US average
$120,636
Median Income
above US average
$1,035,000
Median House Price
above US average
$3613.33
Average Rent
above US average
8%
Poverty Rate
below US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $120,636.

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Income Needed to Buy

βœ— Stretch
$325k/year
Based on $1,035,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $325k vs median $120,636
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Income Needed to Rent

⚠ Stretch
$155k/year
Based on $3613.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $155k vs median $120,636
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Norco, CA

Norco is a city located in Riverside County, California, known for its unique blend of rural charm and suburban living. Established in the 1960s, Norco has maintained its equestrian heritage, often referred to as "Horsetown USA." The city features ample horse trails and ranch-style properties, appealing to equestrian enthusiasts. Norco offers a variety of parks and recreational areas, including the Norco Horse Town Saddle Club and the lush parks like Norco Community Park, which hosts community events and sports activities. The city's commitment to preserving its equestrian lifestyle is evident in its zoning regulations, which encourage horse ownership and riding. In terms of community, Norco has a tight-knit feel, with a blend of families, equestrian lovers, and outdoor enthusiasts. The local education system is served primarily by the Norco Valley Unified School District. The city’s location provides easy access to the larger urban areas of Riverside and Los Angeles, making it an attractive spot for those seeking a quieter lifestyle while still being close to major city amenities. Norco's annual events, such as the Norco Fair, add to its vibrant community spirit.

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