Palm Springs, CA housing market
Typical home value
$612K
▼ 0.4% 1 yr
Typical rent
$2,067/mo
▲ 2.5% 1 yr
Gross rent yield
4.1%
U.S. 6.3%
5-year home value change
+8%
U.S. +20%
Key takeaways
- 1The typical home in Palm Springs is worth $612,063, down 0.4% over the past year and up 8% over five years.
- 2Typical rent is $2,067 a month (+2.5% YoY), a gross rent yield of 4.1% (below the Riverside, CA metro's 5.2%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,364/mo, $1,297 more than typical rent.
- 4Zillow forecasts the Riverside, CA metro's home values to change +0.3% over the next 12 months.
Market temperature (Riverside, CA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #290 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Palm Springs compares
| Measure | Palm Springs | Riverside, CA metro | United States |
|---|---|---|---|
| Typical home value | $612,063 | $580,321 | $366,157 |
| Home value, 1-yr change | −0.4% | +0.6% | +1.2% |
| Typical rent | $2,067 | $2,533 | $1,932 |
| Rent, 1-yr change | +2.5% | +2.9% | +2.7% |
| Gross rent yield | 4.1% | 5.2% | 6.3% |
| Price-to-rent ratio | 24.7 | 19.1 | 15.8 |
| Mortgage P&I, typical home | $3,364 | $3,189 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Palm Springs rental, pre-filled.
Rent vs buy in Palm Springs
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $612K home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the Riverside, CA metro
Riverside, CA
$642K home$2,427 rent
▲ 0.9% 1 yr
San Bernardino, CA
$493K home$1,971 rent
▲ 2.3% 1 yr
Fontana, CA
$634K home$3,191 rent
▲ 0.6% 1 yr
Corona, CA
$751K home$2,661 rent
▲ 0.2% 1 yr
Moreno Valley, CA
$550K home$2,412 rent
▲ 0.8% 1 yr
Ontario, CA
$662K home$2,580 rent
▼ 0.1% 1 yr
Rancho Cucamonga, CA
$779K home$2,786 rent
▲ 0.2% 1 yr
Victorville, CA
$436K home$2,248 rent
▲ 0.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.