Cheap Homes in Palm Desert, CA

Current Market Conditions in Palm Desert, CA

As of 2023, the real estate market in Palm Desert is showing strong growth, with property values on the rise and demand increasing due to the city's appealing lifestyle and amenities. Investors are finding fertile ground in this market, as the city attracts both retirees and seasonal residents seeking a permanent place in the sun.

The inventory of homes for sale has been decreasing, pushing prices upward. With new developments and a steady influx of people relocating to the area, Palm Desert presents a promising opportunity for real estate investors looking to capitalize on the growing trends.

Rent Prices In Palm Desert, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palm Desert, CA, is on a rollercoaster ride. The average rent price in Palm Desert, CA, is $2,494.00. Indeed, when looking to rent in Palm Desert, CA, you can expect to pay as little as $760.00 or as much as $5,640.00, with the average rent median estimated to be $2,340.00. The good news is that finding an affordable and desirable property to rent in Palm Desert, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.