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These days, finding an affordable place to live in the Palmdale area can be challenging. Home prices in Palmdale are now at a median cost of $464,578, lower than the California average of $812,006.
The average cost of rent is $2,020/mo in Palmdale, primarily driven by the current value of real estate in the Palmdale area. In Palmdale, 34.22% of households rent, and 25.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmdale is $7,378 per month. Households that rent pay about 27.38% of their income on rent here. Palmdale’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lancaster, CA: equally priced homes
- Acton, CA: higher priced homes
- Quartz Hill, CA: higher priced homes
- Sun Village, CA: less expensive homes
- Littlerock, CA: less expensive homes
- Leona Valley, CA: higher priced homes
- Pearblossom, CA: less expensive homes
- Agua Dulce, CA: higher priced homes
- Lake Los Angeles, CA: less expensive homes
- Del Sur, CA: equally priced homes
Cities with Similar Populations
- Evansville, IN: less expensive homes
- Fairfield, CA: higher priced homes
- Fairfax, VA: higher priced homes
- Fall River, MA: less expensive homes
- Fremont, CA: higher priced homes
- Fargo, ND: less expensive homes
- Farmington Hills, MI: less expensive homes
- Fayetteville, AR: less expensive homes
- Fayetteville, NC: less expensive homes
- Federal Way, WA: higher priced homes
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