Borrego Springs, CA—92004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Borrego Springs, CA
As of Oct '25, the median home price in Borrego Springs, CA is $347,000, with a year-over-year change of -7.4%. This indicates that home prices in Borrego Springs, CA are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | -7.4% |
| Single Family | $366,000 | -7.8% |
| Condos | $205,000 | -15.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $193,000 | -9.8% |
2 Bed | $313,000 | -10.1% |
3 Bed | $426,000 | -8.6% |
4 Bed | $582,000 | -6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Borrego Springs, CA
As of July '25, Rentcast reports the average rent in Borrego Springs, CA is $3,660, with a year-over-year rent change of 29.3%. Per bedroom, the median rent as of July '25 in Borrego Springs, CA is 2-bedrooms: $3,240, 4-bedrooms: $4,500. The most common rental property sizes in Borrego Springs, CA are 2-bedroom and 1-bedroom, accounting for 48.9% and 47.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $3,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,490 | $3,240 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Borrego Springs, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Borrego Springs, CA is 32. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 7.0% |
Listing Count | 38 | -14.0% |
| Listings as % of Homes | 1.7% | -14.0% |
Days on Market | 32 | 33.0% |
Demographics — Borrego Springs, CA
As of the latest ACS Survey released in 2023, Borrego Springs, CA has a population of 3,030, which has increased by 25.5% over the past 5 years. Borrego Springs, CA is a less popular place for families, as children make up 5.3% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,030 | 25.5% |
% Under 18 | 5.3% | -64.2% |
% Seniors | 41.8% | 17.7% |
% WFH | 30.1% | 204.0% |
% w/ College Degree | 28.8% | 4.3% |
As of the latest ACS Survey released in 2023, Borrego Springs, CA is a predominantly white area, with 65.6% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Borrego Springs, CA is hispanic, making up 33.5% of the population. Foreign-born residents account for 27.0% of the population in Borrego Springs, CA, and this percentage has increased by 83.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.6% | -3.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 33.5% | 21.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 27.0% | 83.7% |
Mortgage and Risk — Borrego Springs, CA
According to HUD data as of 2023, there were 69 mortgage originations in Borrego Springs, CA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Borrego Springs, CA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Borrego Springs, CA
Borrego Springs, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | -$90 | $1,490 | $1,400 |
| 3 Bedroom | N/A | N/A | $1,870 |
| 4 Bedroom | -$2,220 | $4,500 | $2,280 |
Affordability — Borrego Springs, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $347,000 |
| Median Household Income | $71,600 |