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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 $647,355, lower than the California average of $812,006.
The average cost of rent is $1,769/mo in Palm Springs, primarily driven by the current value of real estate in the Palm Springs area. In Palm Springs, 33.65% of households rent, and 46.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palm Springs is $6,590 per month. Households that rent pay about 26.84% of their income on rent here. Palm Springs’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cathedral City, CA: less expensive homes
- North Palm Springs, CA: less expensive homes
- Rancho Mirage, CA: higher priced homes
- Garnet, CA: less expensive homes
- Thousand Palms, CA: less expensive homes
- Desert Edge, CA: less expensive homes
- Desert Hot Springs, CA: less expensive homes
- Snow Creek, CA: less expensive homes
- Sky Valley, CA: less expensive homes
- Palm Desert, CA: less expensive homes
Cities with Similar Populations
- San Juan Capistrano, CA: higher priced homes
- Hanover, PA: less expensive homes
- Hilo, HI: less expensive homes
- Kalispell, MT: less expensive homes
- Lake Oswego, OR: higher priced homes
- Leawood, KS: equally priced homes
- Linden, NJ: less expensive homes
- Navarre, FL: less expensive homes
- Newbury Park, CA: higher priced homes
- Oakley, CA: equally priced homes
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