Morongo Valley, CA is a great place to live, with the median value of housing being $320,700. This is slightly lower than the US House Median Value of $338,100. However, the 1 year appreciation rate for housing in Morongo Valley is 14.80%, which is much higher than the national rate of 8.27%. This suggests that housing in Morongo Valley is becoming more valuable and desirable and could be a great option for those looking to buy a home or invest in real estate.
The median home cost in Morongo Valley (zip 92256) is $320,700. Home appreciation the last 10 years has been 191.0%. Home Appreciation in Morongo Valley (zip 92256) is up 21.9%.
Average Age of Homes
- The median age of Morongo Valley (zip 92256) real estate is 44 years old
The Rental Market in Morongo Valley (zip 92256)
- Renters make up 23.6% of the Morongo Valley (zip 92256) population
- 1.0% of houses and apartments in Morongo Valley (zip 92256), 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.