Palm Springs December First-Time Homebuyer Report

Palm Springs is a larger than average city in California with 44,552 residents. Also, it has a lower than average density with 473.4 people per square mile. Its three largest zip codes are 92240, 92262, and 92264. Keep in mind, 38.4% of the homes in Palm Springs are owned, while 27.0% are rented. Topping the list of best schools in the city is Cielo Vista Elementary School.

Culture

If you'll be exploring the entertainment hotspots in Palm Springs, you'll find Palm Springs Art Museum and Regal Cinemas Palm Springs 9 popular choices according to Foursquare. Recommended places to eat are Sherman's Deli & Bakery, King's Highway at Ace Hotel & Swim Club, and Elmers Restaurant. You could also check out the popular Las Casuelas Terraza for a drink.

Price Range

Home values in Palm Springs are generally in line with others in the state with a median home value of $198,800 and an average list price of $412,627. 92264, 92262, and 92240 are the least costliest places in the city. With home sales in the Palm Springs market already below average, in this week's report there were 143 homes sold over the last 30 days.

Out of all the listings in Palm Springs, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$1.3M   $479K   $835K  

Typical Dwelling

The typical dwelling in Palm Springs is a three-bedroom detached home worth about $631,623. To purchase a similar home, a buyer with good credit and a $126,325 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,656 monthly payment. 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 12/29/2016

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