Cathedral City, CA is a desirable place to live, as evidenced by the high median value of housing at $482,700. This is significantly higher than the national median housing value of $338,100 and reflects the demand for living in the area. Furthermore, Cathedral City has seen an impressive 14.80% appreciation rate over the past year, much higher than the US 1 year house appreciation rate of 8.27%. This speaks to the continued desirability and strength of housing in Cathedral City.
The median home cost in Cathedral City is $482,700. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Cathedral City is up 21.9%.
Average Age of Homes
- The median age of Cathedral City real estate is 31 years old
The Rental Market in Cathedral City
- Renters make up 31.0% of the Cathedral City population
- 1.2% of houses and apartments in Cathedral City, 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.