Palm Desert, CA—92211
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Palm Desert, CA
Home Price Trends — Palm Desert, CA
As of Oct '25, the median home price in Palm Desert, CA is $528,000, with a year-over-year change of -3.4%. This indicates that home prices in Palm Desert, CA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $528,000 | -3.4% |
| Single Family | $576,000 | -4.2% |
| Condos | $451,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $306,000 | -3.8% |
2 Bed | $446,000 | -3.7% |
3 Bed | $607,000 | -3.3% |
4 Bed | $785,000 | -3.4% |
| 5 Bed | $913,000 | -3.8% |
% of Housing Stock
Rental Trends — Palm Desert, CA
As of July '25, Rentcast reports the average rent in Palm Desert, CA is $3,800, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Palm Desert, CA is studios: $1,340, 1-bedrooms: $1,820, 2-bedrooms: $3,590, 3-bedrooms: $4,220, 4-bedrooms: $4,600. The most common rental property sizes in Palm Desert, CA are 2-bedroom and 1-bedroom, accounting for 53.7% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,800 |
| Studio Rent | $1,100 | $1,340 |
| 1 Bed Rent | $1,800 | $1,820 |
| 2 Bed Rent | $2,900 | $3,590 |
| 3 Bed Rent | $3,680 | $4,220 |
| 4 Bed Rent | $3,950 | $4,600 |
% of Rental Stock
Property Listings — Palm Desert, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palm Desert, CA is 59. This is a increase of 7.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $563,000 | -2.0% |
Listing Count | 439 | 27.0% |
| Listings as % of Homes | 1.5% | 27.0% |
Days on Market | 59 | 7.0% |
Demographics — Palm Desert, CA
As of the latest ACS Survey released in 2023, Palm Desert, CA has a population of 27,400, which has increased by 8.0% over the past 5 years. Palm Desert, CA is a less popular place for families, as children make up 11.1% of the population. The area has a moderately educated workforce, with 44.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 8.0% |
% Under 18 | 11.1% | 9.9% |
% Seniors | 48.8% | -1.6% |
% WFH | 19.4% | 115.6% |
% w/ College Degree | 44.2% | 10.5% |
As of the latest ACS Survey released in 2023, Palm Desert, CA is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Palm Desert, CA is hispanic, making up 16.1% of the population. Foreign-born residents account for 15.6% of the population in Palm Desert, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.5% | -1.3% |
% Black | 2.7% | 3.8% |
% Hispanic | 16.1% | 8.8% |
% Asian | 3.8% | -13.6% |
% Foreign Born | 15.6% | 0.0% |
Mortgage and Risk — Palm Desert, CA
According to HUD data as of 2023, there were 245 mortgage originations in Palm Desert, CA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Palm Desert, CA. Investor activity is low, as 3.0% 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 | 245 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Palm Desert, CA
As of 2024, the percent of homes in Palm Desert, CA under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Palm Desert, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,800 | $1,970 |
| 2 Bedroom | -$450 | $2,900 | $2,450 |
| 3 Bedroom | -$410 | $3,680 | $3,270 |
| 4 Bedroom | $30 | $3,950 | $3,980 |
Affordability — Palm Desert, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $528,000 |
| Median Household Income | $87,700 |