The housing market in Rancho Mirage, CA is flourishing. The median value of a house in the city is $840,900, which is far above the US median value of $338,100. This means that houses in Rancho Mirage are much more expensive than the national average. Additionally, homes in Rancho Mirage have appreciated over the past year at a rate of 14.80%, which is significantly higher than the national appreciation rate of 8.27%. This makes it an attractive place to buy or own a home due to its rapidly rising values and high median house prices.
The median home cost in Rancho Mirage is $840,900. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Rancho Mirage is up 21.9%.
Average Age of Homes
- The median age of Rancho Mirage real estate is 33 years old
The Rental Market in Rancho Mirage
- Renters make up 14.0% of the Rancho Mirage population
- 1.4% of houses and apartments in Rancho Mirage, 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.