Expensive
Affordable
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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 $298,100, lower than the California average of $812,006.
The average cost of rent is $1,071/mo in Palo Verde, primarily driven by the current value of real estate in the Palo Verde area. In Palo Verde, 84.62% of households rent, and 94.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palo Verde is $2,388 per month. Households that rent pay about 44.85% of their income on rent here. Palo Verde’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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