Palm Desert, CA—92260
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Palm Desert, CA
Home Price Trends — Palm Desert, CA
As of Oct '25, the median home price in Palm Desert, CA is $583,000, with a year-over-year change of -3.1%. This indicates that home prices in Palm Desert, CA are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $583,000 | -3.1% |
| Single Family | $739,000 | -5.1% |
| Condos | $487,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $302,000 | -5.6% |
2 Bed | $455,000 | -3.0% |
3 Bed | $636,000 | -3.9% |
4 Bed | $1,031,000 | -3.9% |
| 5 Bed | $1,845,000 | -3.2% |
% of Housing Stock
Rental Trends — Palm Desert, CA
As of July '25, Rentcast reports the average rent in Palm Desert, CA is $4,230, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Palm Desert, CA is studios: $1,300, 1-bedrooms: $1,810, 2-bedrooms: $3,990, 3-bedrooms: $5,020, 4-bedrooms: $5,880. The most common rental property sizes in Palm Desert, CA are 2-bedroom and 1-bedroom, accounting for 49.4% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $4,230 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,750 | $1,810 |
| 2 Bed Rent | $3,400 | $3,990 |
| 3 Bed Rent | $4,800 | $5,020 |
| 4 Bed Rent | $5,520 | $5,880 |
% of Rental Stock
Property Listings — Palm Desert, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palm Desert, CA is 54. This is a increase of 49.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $697,000 | -5.0% |
Listing Count | 324 | 28.0% |
| Listings as % of Homes | 1.1% | 28.0% |
Days on Market | 54 | 49.0% |
Demographics — Palm Desert, CA
As of the latest ACS Survey released in 2023, Palm Desert, CA has a population of 30,800, which has decreased by -10.2% over the past 5 years. Palm Desert, CA is a less popular place for families, as children make up 12.6% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,800 | -10.2% |
% Under 18 | 12.6% | -16.6% |
% Seniors | 37.5% | 13.6% |
% WFH | 11.9% | 40.0% |
% w/ College Degree | 38.1% | 14.8% |
As of the latest ACS Survey released in 2023, Palm Desert, CA is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Palm Desert, CA is hispanic, making up 30.7% of the population. Foreign-born residents account for 18.4% of the population in Palm Desert, CA, and this percentage has decreased by 18.2% 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 | 60.7% | -2.4% |
% Black | 1.8% | -33.3% |
% Hispanic | 30.7% | 7.3% |
% Asian | 3.7% | -21.3% |
% Foreign Born | 18.4% | -18.2% |
Mortgage and Risk — Palm Desert, CA
According to HUD data as of 2023, there were 410 mortgage originations in Palm Desert, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Palm Desert, CA. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 410 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Palm Desert, CA
As of 2024, the percent of homes in Palm Desert, CA under the Section 8 program is 1.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Palm Desert, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,750 | $1,920 |
| 2 Bedroom | -$1,010 | $3,400 | $2,390 |
| 3 Bedroom | -$1,610 | $4,800 | $3,190 |
| 4 Bedroom | -$1,640 | $5,520 | $3,880 |
Affordability — Palm Desert, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $583,000 |
| Median Household Income | $72,300 |