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Rancho Mirage, CA—92270

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$821,000
5.4% YoY Growth
Household Income
$110,000
54.4% YoY Growth
Days on Market
43
0.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$5,000
2.7% YoY Growth
1-Bed Rent
$2,250
2.7% YoY Growth
2-Bed Rent
$3,800
3.4% YoY Growth
3-Bed Rent
$5,350
5.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Rancho Mirage, CA

As of Nov '25, the median home price in Rancho Mirage, CA is $821,000, with a year-over-year change of -5.4%. This indicates that home prices in Rancho Mirage, CA are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$821,000-5.4%
Single Family $1,042,000-5.4%
Condos $546,000-3.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $298,000
    -10.8%
    2 Bed
    		$523,000-4.4%
    3 Bed
    		$822,000-5.3%
    4 Bed
    		$1,407,000-4.4%
    5 Bed $2,254,942-2.1%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    4.7%
    2 Bedrooms
    29.9%
    3 Bedrooms
    45.7%
    4 Bedrooms
    16.2%
    5+ Bedrooms
    1.9%

    Rental Trends — Rancho Mirage, CA

    As of July '25, Rentcast reports the average rent in Rancho Mirage, CA is $5,270, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Rancho Mirage, CA is 1-bedrooms: $2,260, 2-bedrooms: $4,280, 3-bedrooms: $5,540, 4-bedrooms: $6,830. The most common rental property sizes in Rancho Mirage, CA are 2-bedroom and 3-bedroom, accounting for 42.0% and 22.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$5,000$5,270
    Studio Rent N/AN/A
    1 Bed Rent $2,250$2,260
    2 Bed Rent $3,800$4,280
    3 Bed Rent $5,350$5,540
    4 Bed Rent $6,200$6,830
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    % of Rental Stock

    Studio
    5.1%
    1 Bedroom
    15.5%
    2 Bedrooms
    42.0%
    3 Bedrooms
    22.6%
    4 Bedrooms
    13.8%
    5+ Bedrooms
    1.0%

    Property Listings — Rancho Mirage, CA

    As of Nov '25, Realtor.com reports that the median days on market for a home in Rancho Mirage, CA is 43. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$960,0000.0%
    Listing Count
    		44410.0%
    Listings as % of Homes1.8%10.0%
    Days on Market
    		430.0%
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    Demographics — Rancho Mirage, CA

    As of the latest ACS Survey released in 2023, Rancho Mirage, CA has a population of 17,400, which has decreased by -3.9% over the past 5 years. Rancho Mirage, CA is a less popular place for families, as children make up 9.6% of the population. The area has a highly educated workforce, with 46.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,400-3.9%
    % Under 18
    		9.6%41.2%
    % Seniors
    		49.9%-5.5%
    % WFH
    		26.9%161.2%
    % w/ College Degree
    		46.5%5.4%
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    As of the latest ACS Survey released in 2023, Rancho Mirage, CA is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Rancho Mirage, CA is hispanic, making up 15.2% of the population. Foreign-born residents account for 16.7% of the population in Rancho Mirage, CA, and this percentage has increased by 13.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		76.8%-5.2%
    % Black
    		1.7%-26.1%
    % Hispanic
    		15.2%55.1%
    % Asian
    		3.6%-29.4%
    % Foreign Born
    		16.7%13.6%
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    Mortgage and Risk — Rancho Mirage, CA

    According to HUD data as of 2023, there were 414 mortgage originations in Rancho Mirage, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Rancho Mirage, CA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		414
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		23.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Rancho Mirage, CA

    As of 2024, the percent of homes in Rancho Mirage, CA under the Section 8 program is 11.3%. 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 Rancho Mirage, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		174
    Total Units Section 8
    		173
    % Rentals under Section 8
    		11.3%
    % Occupied Section 8
    		93.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$320$2,250$1,930
    2 Bedroom-$1,400$3,800$2,400
    3 Bedroom-$2,150$5,350$3,200
    4 Bedroom-$2,300$6,200$3,900

    Affordability — Rancho Mirage, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.7
    Median Home Price$821,000
    Median Household Income$110,000

    Rancho Mirage, CA — ZIP Code Boundary Map

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    Frequently Asked Questions