Housing in 92270 Rancho Mirage, CA is much more expensive than the US house median value. The median housing value in 92270 Rancho Mirage, CA is $858,400 while the US house median value is $338,100. In addition to being more expensive, the housing around 92270 Rancho Mirage, CA also appreciate at a significantly faster rate than the national average. For example, in 2019 the US house appreciation rate was 8.27% while the 1 year appreciation rate of houses around 92270 Rancho Mirage, CA was 14.80%. This indicates that if you are looking for an investment property then investing in 92270 Rancho Mirage might be a good choice as it will likely appreciate faster than other areas of the country.
The median home cost in Rancho Mirage (zip 92270) is $858,400. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Rancho Mirage (zip 92270) is up 21.9%.
Average Age of Homes
- The median age of Rancho Mirage (zip 92270) real estate is 33 years old
The Rental Market in Rancho Mirage (zip 92270)
- Renters make up 14.0% of the Rancho Mirage (zip 92270) population
- 1.4% of houses and apartments in Rancho Mirage (zip 92270), 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.