Foreclosure Homes in Palm Springs, CA 92264

Current Market Conditions in Palm Springs, CA

Palm Springs' real estate market has shown remarkable resilience and growth. The demand for vacation homes and investment properties continues to rise due to its popularity as a tourist destination. Luxury homes are especially sought after, as more buyers are looking to establish second homes in this picturesque desert locale.

The recent trend has favored single-family homes, with many buyers seeking properties that offer privacy and outdoor space. Given the area's appeal, the market remains competitive, with homes frequently selling above asking price.

Rent Prices In Palm Springs, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palm Springs, CA, is on a rollercoaster ride. The average rent price in Palm Springs, CA, is $2,119.00. Indeed, when looking to rent in Palm Springs, CA, you can expect to pay as little as $660.00 or as much as $4,400.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in Palm Springs, 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.