Palmdale, CA—93552
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 $491,000, 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 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $491,000 | -1.9% |
| Single Family | $492,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $393,000 | -2.7% |
3 Bed | $460,000 | -2.5% |
4 Bed | $513,000 | -2.1% |
| 5 Bed | $579,000 | -1.2% |
% of Housing Stock
Rental Trends — Palmdale, CA
As of July '25, Rentcast reports the average rent in Palmdale, CA is $2,910, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Palmdale, CA is 3-bedrooms: $2,690, 4-bedrooms: $3,180. The most common rental property sizes in Palmdale, CA are 3-bedroom and 4-bedroom, accounting for 57.0% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,700 | $2,690 |
| 4 Bed Rent | $3,180 | $3,180 |
% 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 63. This is a increase of 52.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $538,000 | 3.0% |
Listing Count | 115 | 36.0% |
| Listings as % of Homes | 0.7% | 36.0% |
Days on Market | 63 | 52.0% |
Demographics — Palmdale, CA
As of the latest ACS Survey released in 2023, Palmdale, CA has a population of 43,900, which has increased by 9.0% over the past 5 years. Palmdale, CA is a popular place for families, as children make up 29.3% of the population. The area has a poorly educated workforce, with 11.9% 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 | 43,900 | 9.0% |
% Under 18 | 29.3% | -5.5% |
% Seniors | 10.2% | 27.5% |
% WFH | 6.5% | 35.4% |
% w/ College Degree | 11.9% | 25.3% |
As of the latest ACS Survey released in 2023, Palmdale, CA is a predominantly hispanic area, with 72.4% of the population identifying as hispanic. The hispanic population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Palmdale, CA is black, making up 12.7% of the population. Foreign-born residents account for 26.8% of the population in Palmdale, CA, and this percentage has decreased by 12.7% 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 | 10.7% | -10.8% |
% Black | 12.7% | 19.8% |
% Hispanic | 72.4% | 0.1% |
% Asian | 1.9% | -52.5% |
% Foreign Born | 26.8% | -12.7% |
Mortgage and Risk — Palmdale, CA
According to HUD data as of 2023, there were 427 mortgage originations in Palmdale, CA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 38.0% 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. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 427 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Palmdale, CA
Palmdale, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 471 |
Total Units Section 8 | 471 |
% Rentals under Section 8 | 17.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,080 |
| 2 Bedroom | N/A | N/A | $2,620 |
| 3 Bedroom | $630 | $2,700 | $3,330 |
| 4 Bedroom | $510 | $3,180 | $3,690 |
Affordability — Palmdale, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $491,000 |
| Median Household Income | $84,900 |