Palm Desert First-Time Homebuyer Report for June

Palm Desert is much younger than the rest of California, with a median age of 52. It's affluent as well, with a median income of $57,604 per household. The Palm Desert market is mostly made up of condos and townhouses, which currently account for 43% of the homes for sale in the area. Heading the list of top schools in the city is George Washington Charter.

Price Range

The housing prices of Palm Desert are close to the state average with a median home value of $265,200 and a current average list price of $368,750.

Typical Dwelling

The typical dwelling in Palm Desert is a two-bedroom condo worth about $263,935. To purchase a similar home, a buyer with good credit and a $52,787 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,457 monthly payment. The property tax rate is $9.19 per $1,000 of taxable assessed value.

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


Data reported through 6/15/2017

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