Palmdale, CA—93550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palmdale, CA
As of Oct '25, the median home price in Palmdale, CA is $448,000, with a year-over-year change of -1.9%. This indicates that home prices in Palmdale, CA are decreasing. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $448,000 | -1.9% |
| Single Family | $451,000 | -2.4% |
| Condos | $308,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $259,000 | -8.2% |
2 Bed | $364,000 | -2.9% |
3 Bed | $437,000 | -2.2% |
4 Bed | $489,000 | -2.4% |
| 5 Bed | $560,000 | -2.3% |
% of Housing Stock
Rental Trends — Palmdale, CA
As of July '25, Rentcast reports the average rent in Palmdale, CA is $2,430, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Palmdale, CA is studios: $2,020, 1-bedrooms: $1,440, 2-bedrooms: $1,860, 3-bedrooms: $2,670, 4-bedrooms: $3,120. The most common rental property sizes in Palmdale, CA are 2-bedroom and 3-bedroom, accounting for 35.0% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,430 |
| Studio Rent | $1,550 | $2,020 |
| 1 Bed Rent | $1,350 | $1,440 |
| 2 Bed Rent | $1,700 | $1,860 |
| 3 Bed Rent | $2,700 | $2,670 |
| 4 Bed Rent | $3,200 | $3,120 |
% of Rental Stock
Property Listings — Palmdale, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmdale, CA is 57. This is a increase of 29.0% 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 | $469,000 | -4.0% |
Listing Count | 178 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 57 | 29.0% |
Demographics — Palmdale, CA
As of the latest ACS Survey released in 2023, Palmdale, CA has a population of 79,900, which has increased by 3.8% over the past 5 years. Palmdale, CA is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 79,900 | 3.8% |
% Under 18 | 29.6% | -7.2% |
% Seniors | 10.3% | 22.6% |
% WFH | 6.2% | 17.0% |
% w/ College Degree | 10.0% | 14.9% |
As of the latest ACS Survey released in 2023, Palmdale, CA is a predominantly hispanic area, with 69.3% of the population identifying as hispanic. The hispanic population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Palmdale, CA is black, making up 14.6% of the population. Foreign-born residents account for 25.7% of the population in Palmdale, CA, and this percentage has decreased by 5.2% 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 | 11.7% | -16.4% |
% Black | 14.6% | 8.1% |
% Hispanic | 69.3% | 2.2% |
% Asian | 2.9% | 7.4% |
% Foreign Born | 25.7% | -5.2% |
Mortgage and Risk — Palmdale, CA
According to HUD data as of 2023, there were 717 mortgage originations in Palmdale, CA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Palmdale, CA. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 717 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Palmdale, CA
As of 2024, the percent of homes in Palmdale, CA under the Section 8 program is 18.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Palmdale, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2,061 |
Total Units Section 8 | 2,061 |
% Rentals under Section 8 | 18.8% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,350 | $1,810 |
| 2 Bedroom | $590 | $1,700 | $2,290 |
| 3 Bedroom | $240 | $2,700 | $2,940 |
| 4 Bedroom | $40 | $3,200 | $3,240 |
Affordability — Palmdale, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $448,000 |
| Median Household Income | $63,800 |