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Palm Desert, CA—92211

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$528,000
2.3% YoY Growth
Household Income
$87,700
41.3% YoY Growth
Days on Market
66
23.0% Longer YoY
Home Price Forecast
-0.5%
Median Rent
$3,450
1.8% YoY Growth
1-Bed Rent
$1,800
23.5% YoY Growth
2-Bed Rent
$2,900
0.6% YoY Growth
3-Bed Rent
$3,680
3.2% YoY Growth

Other Zip Codes in Palm Desert, CA

92260
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Palm Desert, CA

As of May '26, the median home price in Palm Desert, CA is $528,000, with a year-over-year change of -2.3%. This indicates that home prices in Palm Desert, CA are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$528,000-2.3%
Single Family $575,000-2.9%
Condos $450,000-1.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $301,000
    -3.8%
    2 Bed
    		$444,000-2.2%
    3 Bed
    		$607,000-2.3%
    4 Bed
    		$785,000-2.4%
    5 Bed $903,013-2.5%
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    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    6.6%
    2 Bedrooms
    48.3%
    3 Bedrooms
    34.2%
    4 Bedrooms
    7.9%
    5+ Bedrooms
    0.9%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.4%
    1 Bedroom
    21.9%
    2 Bedrooms
    53.7%
    3 Bedrooms
    13.8%
    4 Bedrooms
    4.3%

    Property Listings — Palm Desert, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Palm Desert, CA is 66. This is a increase of 23.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$539,000-4.0%
    Listing Count
    		57410.0%
    Listings as % of Homes1.5%10.0%
    Days on Market
    		6623.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		27,4008.0%
    % Under 18
    		11.1%9.9%
    % Seniors
    		48.8%-1.6%
    % WFH
    		19.4%115.6%
    % w/ College Degree
    		44.2%10.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.5
    Median Home Price$528,000
    Median Household Income$87,700

    Palm Desert, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    92210

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    Frequently Asked Questions