Palmdale, CA is a desirable area for homebuyers due to its relatively low median housing value of $444,900 compared to the US median of $338,100. Despite being lower than the US median, Palmdale has seen a slower rate of appreciation over the last year at 3.84%, compared to 8.27% for the US overall. This slower rate of appreciation could benefit potential buyers looking to invest in Palmdale real estate as it gives them more time to make their purchase before values begin to increase significantly.
The median home cost in Palmdale is $444,900. Home appreciation the last 10 years has been 182.0%. Home Appreciation in Palmdale is up 11.6%.
Average Age of Homes
- The median age of Palmdale real estate is 28 years old
The Rental Market in Palmdale
- Renters make up 32.7% of the Palmdale population
- 1.5% of houses and apartments in Palmdale, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.