Bankruptcy Homes in Palm Desert, CA

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Home Value Estimator For Palm Desert, CA

There are currently 35,861 real estate properties in Palm Desert, CA, with a median automated valuation model (AVM) price of $545,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palm Desert, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palm Desert, CA, is $677,730.00, with the most expensive house in Palm Desert, CA, topping out at $47,774,500.00 and the cheapest home in Palm Desert, CA, clocking in at $32,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Palm Desert, CA!

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 $2,492.00. 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.

Top Reasons To Live In Palm Desert, CA In 2024

Palm Desert is located in Riverside, California, with an estimated municipal population of 53,275 residents. All of the best foreclosed homes for sale in Palm Desert are located in the following zip code areas on 92260 92211 92255. The estimated population per square kilometer (.62 miles) in Palm Desert is 767.

Cost Of Living In Palm Desert, CA

So, about how much do homes cost in Palm Desert? The most recent median value of resident-owned homes in Palm Desert is 346,009. An estimated 62.8 percent of households in Palm Desert own their homes, with an average family size of 2.77. The median household income in Palm Desert is 59,977, with29.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Palm Desert, the median commute time of resident workers (in minutes) is 19.1. And last, but certainly not least, are you looking for homes to rent in Palm Desert? If so, the average rent price paid by renters in Palm Desert is 1,319, according to recent statistics.

Diversity And Demographics In Palm Desert, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Palm Desert, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Palm Desert is 54.5, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in Palm Desert is 50.3, with an average family size of 2.77.

The percentage of residents who report their race in Palm Desert is as follows:

White 82.5%
Black / African American 3%
Asian 5%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.9%
Other 5.2%

Looking for family-friendly neighborhoods in and/or near Palm Desert? Or maybe you are searching for 55+ active adult communities in and/or near Palm Desert?

The percentage of residents who report their age in Palm Desert is as follows:

Under 10 7.5%
Aged 10-19 8.4%
20s 10.7%
30s 8.7%
40s 9.6%
50s 12.1%
60s 16%
70s 17%
80+ 10%

Best Schools In Palm Desert, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Palm Desert with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Palm Desert.

Pros And Cons Of Living In Palm Desert, California

How do you know that living in -- or moving to -- Palm Desert is right where you need to be? Perhaps you grew up in Palm Desert or already live nearby; therefore, the decision to buy a home in Palm Desert is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Palm Desert for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Palm Desert:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Palm Desert.

Reasons To Move To Palm Desert, California, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Palm Desert can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Palm Desert, meanwhile, can field multiple offers from more qualified buyers.

Palm Desert, CA Bankruptcy Homes


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