November's First-Time Homebuyer Report for Palm Springs

The population of Palm Springs is less affluent than average compared to others in California with a median income of $45,242 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 114.4. 92240, 92262, and 92264 are the three largest zip codes in terms of population. Homes in Palm Springs are relatively old with a median age of 34 years. The top school in the city is Cielo Vista Elementary School.

Price Range

Homes in Palm Springs are worth a median of $198,800, similar to other parts of California. Additionally, the list prices of available homes is currently at an average of $408,614.

Curious as to which homes have been getting the most attention in Palm Springs? These listings have stirred up interest and produced the most views:

$1.3M   $499K   $420K  

Typical Dwelling

A three-bedroom detached home valued around $627,941 is considered a typical dwelling in Palm Springs. If a buyer was looking for a similar home, they would need good credit and a $125,588 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,529 and the property tax rate is $9.19 per $1,000 of taxable assessed value.

Get started right now by checking out Palm Springs homes for sale or reviewing Palm Springs real estate trends.

Data reported through 11/26/2016


Ask a local expert about this area:
Showcase Homes, Inc.
Snapped 3 homes in this area
Bennion Deville Homes
Snapped 18 homes in this area
Berkshire Hathaway HomeServices California Properties
Snapped 16 homes in this area

Agents that specialize in this area
182 snaps in this area
16 snaps in this area
73 snaps in this area
1 snap in this area
13 snaps in this area
1 snap in this area
10 snaps in this area
29 snaps in this area
21 snaps in this area
21 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
with Facebook Sign-in with Twitter
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

with Facebook Sign-in with Twitter

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.