Thousand Palms, CA—92276
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thousand Palms, CA
As of Oct '25, the median home price in Thousand Palms, CA is $382,000, with a year-over-year change of -5.6%. This indicates that home prices in Thousand Palms, CA are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $382,000 | -5.6% |
| Single Family | $382,000 | -6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | -4.0% |
3 Bed | $390,000 | -7.4% |
4 Bed | $463,000 | -7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thousand Palms, CA
As of July '25, Rentcast reports the average rent in Thousand Palms, CA is $1,980, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Thousand Palms, CA is 1-bedrooms: $1,140, 2-bedrooms: $1,940, 3-bedrooms: $2,180. The most common rental property sizes in Thousand Palms, CA are 3-bedroom and 2-bedroom, accounting for 48.8% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,140 | $1,140 |
| 2 Bed Rent | $1,900 | $1,940 |
| 3 Bed Rent | $2,000 | $2,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Thousand Palms, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Thousand Palms, CA is 61. This is a decrease of -41.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -16.0% |
Listing Count | 21 | 28.0% |
| Listings as % of Homes | 0.4% | 28.0% |
Days on Market | 61 | -41.0% |
Demographics — Thousand Palms, CA
As of the latest ACS Survey released in 2023, Thousand Palms, CA has a population of 7,660, which has decreased by -1.4% over the past 5 years. Thousand Palms, CA is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,660 | -1.4% |
% Under 18 | 23.7% | 6.8% |
% Seniors | 23.0% | -1.7% |
% WFH | 6.5% | 306.2% |
% w/ College Degree | 22.0% | 57.1% |
As of the latest ACS Survey released in 2023, Thousand Palms, CA is a predominantly hispanic area, with 63.9% of the population identifying as hispanic. The hispanic population has grown by 10.7% in the last 5 years. The second most common race or ethnicity in Thousand Palms, CA is white, making up 32.0% of the population. Foreign-born residents account for 16.5% of the population in Thousand Palms, CA, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 32.0% | -16.2% |
% Black | 0.2% | -92.6% |
% Hispanic | 63.9% | 10.7% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 16.5% | -40.0% |
Mortgage and Risk — Thousand Palms, CA
According to HUD data as of 2023, there were 85 mortgage originations in Thousand Palms, CA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Thousand Palms, CA. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Thousand Palms, CA
Thousand Palms, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,140 | $1,540 |
| 2 Bedroom | $20 | $1,900 | $1,920 |
| 3 Bedroom | $560 | $2,000 | $2,560 |
| 4 Bedroom | N/A | N/A | $3,120 |
Affordability — Thousand Palms, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $382,000 |
| Median Household Income | $80,300 |