Home Price Key
Affordable
Average
Expensive
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 $418,665, lower than the California average of $648,235.
The average cost of rent is $1,380/mo in Palm Springs, primarily driven by the current value of real estate in the Palm Springs area. While nearly 51.71% of residents own their homes outright in Palm Springs, 32.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palm Springs is $5,202 per month. Households that rent pay about 26.53% of their income on rent here. Palm Springs's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
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: higher priced homes
- Sky Valley, CA: less expensive homes
- Palm Desert, CA: higher priced 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: higher priced homes
- Linden, NJ: less expensive homes
- Navarre, FL: less expensive homes
- Newbury Park, CA: higher priced homes
- Oakley, CA: higher priced homes
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