Morongo Valley, CA—92256
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morongo Valley, CA
As of Oct '25, the median home price in Morongo Valley, CA is $312,000, with a year-over-year change of -2.3%. This indicates that home prices in Morongo Valley, CA are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | -2.3% |
| Single Family | $312,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $213,000 | -2.3% |
2 Bed | $294,000 | -2.6% |
3 Bed | $368,000 | -2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morongo Valley, CA
As of July '25, Rentcast reports the average rent in Morongo Valley, CA is $2,300, with a year-over-year rent change of 31.4%. Per bedroom, the median rent as of July '25 in Morongo Valley, CA is 2-bedrooms: $1,970, 3-bedrooms: $2,920, 4-bedrooms: $2,400. The most common rental property sizes in Morongo Valley, CA are 2-bedroom and 3-bedroom, accounting for 57.3% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,650 | $1,970 |
| 3 Bed Rent | $2,900 | $2,920 |
| 4 Bed Rent | $1,650 | $2,400 |
% of Rental Stock
Property Listings — Morongo Valley, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Morongo Valley, CA is 59. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | 1.0% |
Listing Count | 42 | 7.0% |
| Listings as % of Homes | 1.1% | 7.0% |
Days on Market | 59 | -6.0% |
Demographics — Morongo Valley, CA
As of the latest ACS Survey released in 2023, Morongo Valley, CA has a population of 3,910, which has increased by 19.0% over the past 5 years. Morongo Valley, CA is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,910 | 19.0% |
% Under 18 | 20.6% | 19.1% |
% Seniors | 17.7% | -9.2% |
% WFH | 13.6% | 61.9% |
% w/ College Degree | 16.3% | -31.8% |
As of the latest ACS Survey released in 2023, Morongo Valley, CA is a predominantly white area, with 62.3% of the population identifying as white. The white population has shrunk by 24.0% in the last 5 years. The second most common race or ethnicity in Morongo Valley, CA is hispanic, making up 30.9% of the population. Foreign-born residents account for 11.8% of the population in Morongo Valley, CA, and this percentage has increased by 78.8% 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 | 62.3% | -24.0% |
% Black | 3.1% | 675.0% |
% Hispanic | 30.9% | 123.9% |
% Asian | 0.9% | 0.0% |
% Foreign Born | 11.8% | 78.8% |
Mortgage and Risk — Morongo Valley, CA
According to HUD data as of 2023, there were 64 mortgage originations in Morongo Valley, CA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Morongo Valley, CA. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Morongo Valley, CA
Morongo Valley, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,450 |
| 2 Bedroom | $160 | $1,650 | $1,810 |
| 3 Bedroom | -$460 | $2,900 | $2,440 |
| 4 Bedroom | $1,330 | $1,650 | $2,980 |
Affordability — Morongo Valley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $312,000 |
| Median Household Income | $56,800 |