Palm Springs, CA is an attractive area for homeowners due to its high housing median value of $619,300, which is significantly higher than the US median value of $338,100. This already significant difference has been further propelled upwards by an impressive 1 year house appreciation rate of 14.80%, far outpacing the national rate of 8.27%. As a result, Palm Springs offers some of the most lucrative and desirable housing options in all of California.
The median home cost in Palm Springs is $619,300. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Palm Springs is up 21.9%.
Average Age of Homes
- The median age of Palm Springs real estate is 41 years old
The Rental Market in Palm Springs
- Renters make up 26.7% of the Palm Springs population
- 1.6% of houses and apartments in Palm Springs, 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.