Palm Desert, CA is an attractive housing market for potential homebuyers due to its higher median housing value of $539,000 compared to the US median value of $338,100. Moreover, Palm Desert has also seen a greater appreciation in house values over the past year at 14.80% compared to the US average of 8.27%. This indicates that investing in a home in Palm Desert would be a wise decision and is likely to result in good returns on investment in the long run.
The median home cost in Palm Desert is $539,000. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Palm Desert is up 21.9%.
Average Age of Homes
- The median age of Palm Desert real estate is 31 years old
The Rental Market in Palm Desert
- Renters make up 22.1% of the Palm Desert population
- 1.5% of houses and apartments in Palm Desert, 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.