Thousand Palms, CA housing market
The typical Thousand Palms home is worth about $382,000, down 1.5% in a year, 50% below the California typical home. Homes typically sell in 47 days, a little above asking.
Home values, sales, trends and how Thousand Palms compares with the towns next door — updated as new data is published.
Thousand Palms at a glance
A seller's market
Supply is tight — about 2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Thousand Palms | California |
|---|---|---|
| 2017 | $204,000 | $453,000 |
| 2018 | $239,000 | $501,000 |
| 2019 | $250,000 | $539,000 |
| 2020 | $269,000 | $551,000 |
| 2021 | $306,000 | $607,000 |
| 2022 | $371,000 | $703,000 |
| 2023 | $403,000 | $727,000 |
| 2024 | $404,000 | $758,000 |
| 2025 | $408,000 | $782,000 |
| 2026 | $381,000 | $767,000 |
| August 2026 | $382,000 | $764,000 |
Thousand Palms and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Thousand Palms | $382K | −1.5% | $2,090 | — | $77,000 |
| Desert Palms | — | +2.4%† | $2,330 | — | $79,792 |
| Sky Valley | — | −4.1%† | $2,080 | — | $51,190 |
| Palm Desert | $539K | −1.6% | $2,320 | 313 | $77,513 |
| Cathedral City | $475K | −2.9% | $2,120 | 129 | $73,572 |
† FHFA price index change, where Zillow has no home value for the town.
5 years of income
The typical Thousand Palms home costs about 5 years of the town's median household income, less than across California (7.7 years).
How Thousand Palms 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 $2,090
HUD's Fair Market Rent for a two-bedroom in Thousand Palms is $2,090 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Thousand Palms pay a median of $1,495, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,610 · 4 bedrooms $3,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (92211, 92276; 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 Thousand Palms
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.