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Thermal, CA—92274

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$302,000
3.6% YoY Growth
Household Income
$36,100
29.9% YoY Growth
Days on Market
71
25.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$1,920
9.9% YoY Growth
1-Bed Rent
$2,750
10.0% YoY Growth
2-Bed Rent
$1,400
N/A
3-Bed Rent
$1,920
1.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Thermal, CA

As of May '26, the median home price in Thermal, CA is $302,000, with a year-over-year change of 3.6%. This indicates that home prices in Thermal, CA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$302,0003.6%
Single Family $302,0003.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$245,0004.3%
    3 Bed
    		$306,0003.4%
    4 Bed
    		$327,0003.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.4%
    1 Bedroom
    7.9%
    2 Bedrooms
    19.6%
    3 Bedrooms
    56.1%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    1.5%

    Rental Trends — Thermal, CA

    As of July '25, Rentcast reports the average rent in Thermal, CA is $1,820, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Thermal, CA is 1-bedrooms: $2,750, 2-bedrooms: $1,370, 3-bedrooms: $1,960, 4-bedrooms: $1,950. The most common rental property sizes in Thermal, CA are 3-bedroom and 2-bedroom, accounting for 49.0% and 20.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,920$1,820
    Studio Rent N/AN/A
    1 Bed Rent $2,750$2,750
    2 Bed Rent $1,400$1,370
    3 Bed Rent $1,920$1,960
    4 Bed Rent $1,950$1,950
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    % of Rental Stock

    Studio
    6.2%
    1 Bedroom
    18.2%
    2 Bedrooms
    20.1%
    3 Bedrooms
    49.0%
    4 Bedrooms
    6.5%
    5+ Bedrooms
    0.1%

    Property Listings — Thermal, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Thermal, CA is 71. This is a increase of 25.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$320,000-3.0%
    Listing Count
    		587.0%
    Listings as % of Homes0.9%7.0%
    Days on Market
    		7125.0%
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    Demographics — Thermal, CA

    As of the latest ACS Survey released in 2023, Thermal, CA has a population of 17,900, which has increased by 18.5% over the past 5 years. Thermal, CA is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 5.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,90018.5%
    % Under 18
    		24.7%-14.2%
    % Seniors
    		13.2%26.9%
    % WFH
    		2.8%-3.4%
    % w/ College Degree
    		5.3%15.2%
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    As of the latest ACS Survey released in 2023, Thermal, CA is a predominantly hispanic area, with 88.3% of the population identifying as hispanic. The hispanic population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Thermal, CA is white, making up 10.1% of the population. Foreign-born residents account for 42.4% of the population in Thermal, CA, and this percentage has increased by 4.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		10.1%-4.7%
    % Black
    		0.6%-33.3%
    % Hispanic
    		88.3%1.1%
    % Asian
    		0.4%33.3%
    % Foreign Born
    		42.4%4.4%
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    Mortgage and Risk — Thermal, CA

    According to HUD data as of 2023, there were 100 mortgage originations in Thermal, CA, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Thermal, CA. Investor activity is low, as 2.0% 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
    		100
    % Conventional Loans
    		45.0%
    % Government Loans
    		55.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Thermal, CA

    As of 2024, the percent of homes in Thermal, CA under the Section 8 program is 3.8%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Thermal, CA, because HUD payments exceed market rent, while 1-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		50
    Total Units Section 8
    		50
    % Rentals under Section 8
    		3.8%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$1,300$2,750$1,450
    2 Bedroom$410$1,400$1,810
    3 Bedroom$520$1,920$2,440
    4 Bedroom$1,030$1,950$2,980

    Affordability — Thermal, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.1
    Median Home Price$302,000
    Median Household Income$36,100

    Thermal, CA — ZIP Code Boundary Map

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    Frequently Asked Questions