About the Data
The data used in this dashboard is provided by the State of California Finance Department report titled 'E-5 Population and Housing Estimates for Cities, Counties, and the State, 2011-2018 with 2010 Census Benchmark'. This report provides the revised population and housing estimates for January 1, 2011-2017 and provisional population and housing estimates for January 1, 2018 for the state, counties, and cities. The data is extracted and uploaded in Socrata manually on a yearly basis.
The vacancy rate is the percentage of all available units in a rental property, such as a hotel, house, or apartment complex, that are vacant or unoccupied at a particular time.
Vacancy Rates are Vital!
A high vacancy rate is an economic indicator of imbalance between supply and demand for vacant units. A prosperous economy correlates to a low vacancy rate due to high demand. Conversely, a high vacancy rate correlates to a surplus of units which could be due to an economic decline or over-construction of rental units.
Corona's Vacancy Rate
Corona's goal is to keep the vacancy rate below 4%. Corona currently has on of the lowest vacancy rates in Riverside County. A growing population, increase in local jobs, and other economic forces all contribute to the low vacancy rate we are currently experiencing within the City.