Palm Springs, CA housing market
The typical Palm Springs home is worth about $608,000, down 0.7% in a year, 20% below the California typical home. Homes typically sell in 67 days, below asking.
Home values, sales, trends and how Palm Springs compares with the towns next door — updated as new data is published.
Palm Springs at a glance
A balanced market
About 5.8 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Palm Springs | California |
|---|---|---|
| 2017 | $307,000 | $453,000 |
| 2018 | $364,000 | $501,000 |
| 2019 | $389,000 | $539,000 |
| 2020 | $405,000 | $551,000 |
| 2021 | $460,000 | $607,000 |
| 2022 | $602,000 | $703,000 |
| 2023 | $666,000 | $727,000 |
| 2024 | $656,000 | $758,000 |
| 2025 | $637,000 | $782,000 |
| 2026 | $613,000 | $767,000 |
| August 2026 | $608,000 | $764,000 |
105 new homes permitted in 2025
Builders were permitted 105 new homes in Palm Springs in 2025: 85 single-family houses and 20 in buildings with two or more homes, worth about $32.8 million to build. That's 2.3 per 1,000 residents, about the pace of California as a whole. Over the past 10 years, Palm Springs has permitted 1,654 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palm Springs gained 23 residents while 1,349 new homes were permitted: about 0 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 27% of Palm Springs's homes are seasonal or vacation homes, which adds housing without adding residents. Across California: 2.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 78 | 58 | 20 | $23.4 million |
| 2025 | 105 | 85 | 20 | $32.8 million |
| 2024 | 114 | 94 | 20 | $36.1 million |
| 2023 | 123 | 85 | 38 | $35.5 million |
| 2022 | 263 | 187 | 76 | $84.9 million |
| 2021 | 288 | 288 | 0 | $91.6 million |
| 2020 | 132 | 117 | 15 | $43.7 million |
| 2019 | 208 | 200 | 8 | $63.9 million |
| 2018 | 152 | 125 | 27 | $40.6 million |
| 2017 | 132 | 132 | 0 | $47.3 million |
| 2016 | 137 | 137 | 0 | $48.6 million |
| 2015 | 121 | 121 | 0 | $41.7 million |
| 2014 | 203 | 194 | 9 | $58.8 million |
| 2013 | 161 | 152 | 9 | $55.5 million |
| 2012 | 99 | 99 | 0 | $31.7 million |
| 2011 | 111 | 105 | 6 | $29.6 million |
| 2010 | 25 | 25 | 0 | $8.3 million |
| 2009 | 111 | 59 | 52 | $21.7 million |
| 2008 | 65 | 61 | 4 | $19.1 million |
| 2007 | 229 | 218 | 11 | $55.8 million |
| 2006 | 421 | 347 | 74 | $92.8 million |
| 2005 | 784 | 440 | 344 | $144.7 million |
| 2004 | 657 | 451 | 206 | $139.4 million |
| 2003 | 611 | 607 | 4 | $128 million |
| 2002 | 134 | 134 | 0 | $27.9 million |
| 2001 | 100 | 100 | 0 | $23.6 million |
| 2000 | 181 | 179 | 2 | $39.7 million |
Palm Springs's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Palm Springs ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Palm Springs and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Palm Springs | $608K | −0.7% | $2,230 | 105 | $73,119 |
| Cathedral City | $475K | −2.9% | $2,120 | 129 | $73,572 |
| Desert Hot Springs | $377K | −1.5% | $2,080 | 216 | $52,761 |
| Rancho Mirage | $829K | −0.3% | $2,230 | 53 | $107,364 |
| Whitewater | — | — | $2,080 | — | $77,898 |
8.3 years of income
The typical Palm Springs home costs about 8.3 years of the town's median household income, more than across California (7.7 years).
How Palm Springs ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,230
HUD's Fair Market Rent for a two-bedroom in Palm Springs is $2,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palm Springs pay a median of $1,562, so moving in tends to cost more than staying put. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,720 · 4 bedrooms $3,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (92258, 92262, 92264, 92282, 92549; Riverside-San Bernardino-Ontario, CA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.