Desert Hot Springs, CA—92240
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Desert Hot Springs, CA
Home Price Trends — Desert Hot Springs, CA
As of Oct '25, the median home price in Desert Hot Springs, CA is $375,000, with a year-over-year change of -4.1%. This indicates that home prices in Desert Hot Springs, CA are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $375,000 | -4.1% |
| Single Family | $378,000 | -4.8% |
| Condos | $148,000 | -16.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $142,000 | -7.2% |
2 Bed | $282,000 | -7.2% |
3 Bed | $378,000 | -4.8% |
4 Bed | $413,000 | -4.4% |
| 5 Bed | $480,000 | -5.7% |
% of Housing Stock
Rental Trends — Desert Hot Springs, CA
As of July '25, Rentcast reports the average rent in Desert Hot Springs, CA is $2,090, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Desert Hot Springs, CA is studios: $1,130, 1-bedrooms: $1,400, 2-bedrooms: $1,830, 3-bedrooms: $2,540, 4-bedrooms: $3,100. The most common rental property sizes in Desert Hot Springs, CA are 3-bedroom and 2-bedroom, accounting for 33.4% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,090 |
| Studio Rent | $1,000 | $1,130 |
| 1 Bed Rent | $1,380 | $1,400 |
| 2 Bed Rent | $1,800 | $1,830 |
| 3 Bed Rent | $2,500 | $2,540 |
| 4 Bed Rent | $2,800 | $3,100 |
% of Rental Stock
Property Listings — Desert Hot Springs, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Desert Hot Springs, CA is 62. This is a increase of 19.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $446,000 | 0.0% |
Listing Count | 225 | 18.0% |
| Listings as % of Homes | 1.2% | 18.0% |
Days on Market | 62 | 19.0% |
Demographics — Desert Hot Springs, CA
As of the latest ACS Survey released in 2023, Desert Hot Springs, CA has a population of 40,900, which has increased by 18.8% over the past 5 years. Desert Hot Springs, CA is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,900 | 18.8% |
% Under 18 | 26.2% | -7.7% |
% Seniors | 13.3% | 1.5% |
% WFH | 5.9% | 18.0% |
% w/ College Degree | 15.3% | 7.0% |
As of the latest ACS Survey released in 2023, Desert Hot Springs, CA is a predominantly hispanic area, with 64.4% of the population identifying as hispanic. The hispanic population has grown by 15.8% in the last 5 years. The second most common race or ethnicity in Desert Hot Springs, CA is white, making up 23.4% of the population. Foreign-born residents account for 27.1% of the population in Desert Hot Springs, CA, and this percentage has increased by 12.0% 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 | 23.4% | -23.5% |
% Black | 7.9% | -8.1% |
% Hispanic | 64.4% | 15.8% |
% Asian | 2.1% | -16.0% |
% Foreign Born | 27.1% | 12.0% |
Mortgage and Risk — Desert Hot Springs, CA
According to HUD data as of 2023, there were 513 mortgage originations in Desert Hot Springs, CA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Desert Hot Springs, CA. Investor activity is low, as 4.0% 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 | 513 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Desert Hot Springs, CA
As of 2024, the percent of homes in Desert Hot Springs, CA under the Section 8 program is 6.4%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Desert Hot Springs, CA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 376 |
Total Units Section 8 | 375 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,380 | $1,450 |
| 2 Bedroom | $10 | $1,800 | $1,810 |
| 3 Bedroom | -$60 | $2,500 | $2,440 |
| 4 Bedroom | $180 | $2,800 | $2,980 |
Affordability — Desert Hot Springs, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $375,000 |
| Median Household Income | $51,300 |