Rancho Mirage, CA housing market
The typical Rancho Mirage home is worth about $829,000, about the same as a year ago, 9% above the California typical home. Homes typically sell in 97 days, below asking.
Home values, sales, trends and how Rancho Mirage compares with the towns next door — updated as new data is published.
Rancho Mirage 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 | Rancho Mirage | California |
|---|---|---|
| 2017 | $439,000 | $453,000 |
| 2018 | $474,000 | $501,000 |
| 2019 | $495,000 | $539,000 |
| 2020 | $516,000 | $551,000 |
| 2021 | $571,000 | $607,000 |
| 2022 | $742,000 | $703,000 |
| 2023 | $855,000 | $727,000 |
| 2024 | $873,000 | $758,000 |
| 2025 | $860,000 | $782,000 |
| 2026 | $827,000 | $767,000 |
| August 2026 | $829,000 | $764,000 |
53 new homes permitted in 2025
Builders were permitted 53 new homes in Rancho Mirage in 2025, all single-family houses, worth about $27.7 million to build. That's 3 per 1,000 residents, about the pace of California as a whole. Over the past 10 years, Rancho Mirage has permitted 1,385 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Rancho Mirage's population fell by 219 even though 606 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 35% of Rancho Mirage'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) | 46 | 46 | 0 | $27.7 million |
| 2025 | 53 | 53 | 0 | $27.7 million |
| 2024 | 51 | 51 | 0 | $27.1 million |
| 2023 | 91 | 91 | 0 | $36.2 million |
| 2022 | 183 | 183 | 0 | $61.8 million |
| 2021 | 323 | 323 | 0 | $108.2 million |
| 2020 | 224 | 224 | 0 | $72 million |
| 2019 | 194 | 194 | 0 | $51.5 million |
| 2018 | 195 | 195 | 0 | $42.7 million |
| 2017 | 24 | 24 | 0 | $10.1 million |
| 2016 | 47 | 47 | 0 | $18.3 million |
| 2015 | 39 | 39 | 0 | $15.5 million |
| 2014 | 38 | 38 | 0 | $22.1 million |
| 2013 | 43 | 43 | 0 | $17.9 million |
| 2012 | 16 | 16 | 0 | $6.7 million |
| 2011 | 5 | 5 | 0 | $3.1 million |
| 2010 | 5 | 5 | 0 | $6.4 million |
| 2009 | 6 | 6 | 0 | $4.7 million |
| 2008 | 18 | 18 | 0 | $9.4 million |
| 2007 | 62 | 62 | 0 | $27.1 million |
| 2006 | 94 | 94 | 0 | $37.2 million |
| 2005 | 276 | 276 | 0 | $76.9 million |
| 2004 | 425 | 425 | 0 | $123.9 million |
| 2003 | 690 | 690 | 0 | $178.3 million |
| 2002 | 453 | 413 | 40 | $125.9 million |
| 2001 | 484 | 477 | 7 | $144.8 million |
| 2000 | 308 | 308 | 0 | $100.9 million |
How Rancho Mirage 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.
Rancho Mirage and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rancho Mirage | $829K | −0.3% | $2,230 | 53 | $107,364 |
| Cathedral City | $475K | −2.9% | $2,120 | 129 | $73,572 |
| Palm Desert | $539K | −1.6% | $2,320 | 313 | $77,513 |
| Palm Springs | $608K | −0.7% | $2,230 | 105 | $73,119 |
7.7 years of income
The typical Rancho Mirage home costs about 7.7 years of the town's median household income, about the same as across California (7.7).
How Rancho Mirage 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 Rancho Mirage is $2,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Rancho Mirage pay a median of $1,510, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $1,710 · 4 bedrooms $3,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (92270; 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.
Recent listings in Rancho Mirage
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.