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These days, finding an affordable place to live in the Palm Springs area can be challenging. Home prices in Palm Springs are now at a median cost of $256,626, higher than the Apache Junction average of $254,144.
The average cost of rent is $1,515/mo in Palm Springs, primarily driven by the current value of real estate in the Palm Springs area. In Palm Springs, 44.50% of households rent, and 43.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palm Springs is $5,598 per month. Households that rent pay about 27.06% of their income on rent here. Palm Springs’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Southeast Mesa, Mesa, AZ: higher priced homes
- Northeast, Mesa, AZ: higher priced homes
- Castlegate, San Tan Valley, AZ: higher priced homes
- Pecan Creek, San Tan Valley, AZ: higher priced homes
- Power Ranch, Gilbert, AZ: higher priced homes
- San Tan Ranch, Gilbert, AZ: higher priced homes
- Central Mesa, Mesa, AZ: higher priced homes
- Circle Cross Ranch, San Tan Valley, AZ: higher priced homes
- Heritage District, Gilbert, AZ: higher priced homes
- Woodridge Lakes, Mesa, AZ: higher priced homes
Neighborhoods with Similar Populations
- Menomonee River Hills East, Milwaukee, WI: less expensive homes
- Woodmere, Jacksonville, FL: higher priced homes
- Woodlawn Court, Hattiesburg, MS: less expensive homes
- Wester, Lubbock, TX: less expensive homes
- Upper Dimond, Oakland, CA: higher priced homes
- The Boulevards, Canton, OH: less expensive homes
- Sunset, Boise, ID: higher priced homes
- Suburban Acres, Norfolk, VA: higher priced homes
- South Park, Morgantown, WV: equally priced homes
- Scioto Trace, Columbus, OH: higher priced homes
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