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These days, finding an affordable place to live in the Palo Verde area can be challenging. Home prices in Palo Verde are now at a median cost of $63,223, lower than the California average of $648,235.
The average cost of rent is $825/mo in Palo Verde, primarily driven by the current value of real estate in the Palo Verde area. While nearly 93.03% of residents own their homes outright in Palo Verde, 61.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palo Verde is $1,908 per month. Households that rent pay about 43.22% of their income on rent here. Palo Verde's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
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