Palmdale, CA—93551
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 $586,000, with a year-over-year change of -1.4%. This indicates that home prices in Palmdale, CA are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $586,000 | -1.4% |
| Single Family | $588,000 | -1.5% |
| Condos | $397,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $407,000 | -1.7% |
3 Bed | $526,000 | -1.7% |
4 Bed | $594,000 | -1.7% |
| 5 Bed | $670,000 | -1.9% |
% of Housing Stock
Rental Trends — Palmdale, CA
As of July '25, Rentcast reports the average rent in Palmdale, CA is $3,410, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Palmdale, CA is studios: $1,570, 1-bedrooms: $1,420, 2-bedrooms: $2,510, 3-bedrooms: $3,000, 4-bedrooms: $3,580. The most common rental property sizes in Palmdale, CA are 4-bedroom and 3-bedroom, accounting for 31.3% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,350 | $3,410 |
| Studio Rent | $1,520 | $1,570 |
| 1 Bed Rent | $1,000 | $1,420 |
| 2 Bed Rent | $2,580 | $2,510 |
| 3 Bed Rent | $3,050 | $3,000 |
| 4 Bed Rent | $3,600 | $3,580 |
% 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 61. 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $669,000 | -5.0% |
Listing Count | 307 | 16.0% |
| Listings as % of Homes | 1.2% | 16.0% |
Days on Market | 61 | 23.0% |
Demographics — Palmdale, CA
As of the latest ACS Survey released in 2023, Palmdale, CA has a population of 55,000, which has increased by 7.6% over the past 5 years. Palmdale, CA is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,000 | 7.6% |
% Under 18 | 26.5% | 3.1% |
% Seniors | 13.1% | 8.3% |
% WFH | 12.6% | 162.5% |
% w/ College Degree | 30.1% | 9.5% |
As of the latest ACS Survey released in 2023, Palmdale, CA is a predominantly hispanic area, with 43.3% of the population identifying as hispanic. The hispanic population has grown by 24.4% in the last 5 years. The second most common race or ethnicity in Palmdale, CA is white, making up 33.3% of the population. Foreign-born residents account for 21.9% of the population in Palmdale, CA, and this percentage has increased by 13.5% 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 | 33.3% | -20.1% |
% Black | 11.3% | 7.6% |
% Hispanic | 43.3% | 24.4% |
% Asian | 9.1% | 11.0% |
% Foreign Born | 21.9% | 13.5% |
Mortgage and Risk — Palmdale, CA
According to HUD data as of 2023, there were 944 mortgage originations in Palmdale, CA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Palmdale, CA. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 944 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Palmdale, CA
As of 2024, the percent of homes in Palmdale, CA under the Section 8 program is 8.8%. 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. 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 | 356 |
Total Units Section 8 | 355 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,340 | $1,000 | $2,340 |
| 2 Bedroom | $370 | $2,580 | $2,950 |
| 3 Bedroom | $700 | $3,050 | $3,750 |
| 4 Bedroom | $560 | $3,600 | $4,160 |
Affordability — Palmdale, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $586,000 |
| Median Household Income | $111,000 |