Palm Springs, FL is a great place to buy a house with its median value sitting at $265,400. This is significantly lower than the US median value of $338,100 and means that homeowners can get more house for their money in Palm Springs. Furthermore, the 1 year appreciation rate in Palm Springs is 22.04%, which far exceeds the national rate of 8.27%. This makes investing in a home in Palm Springs an attractive proposition as buyers can enjoy a great house and fast equity growth.
The median home cost in Palm Springs is $265,400. Home appreciation the last 10 years has been 200.8%. Home Appreciation in Palm Springs is up 27.8%.
Average Age of Homes
- The median age of Palm Springs real estate is 39 years old
The Rental Market in Palm Springs
- Renters make up 40.8% of the Palm Springs population
- 1.8% 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.