Palm Springs, CA

Population: 46,281
Average annual home appreciation rate: 13.18%
Total of homes for sale in this market: 1,093
Median home price: $369,735
Median Rent: $1,153 per room
Home price range: 22.09% of homes are between $276,001 – $414,000
Median sales price: $271,000
Number of homes: 477
Median foreclosure sales price: $250,000
Foreclosure discount: 8%
Most common home type: 35.31% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 36.87%
Number of renters: 43.26%
Number of owner occupied: 56.74%
Number people living below poverty level: 18.23%
Unemployment rate: 5.70%
Is this area perfect for real estate deals going on right now? Data shows, that Palm Springs’s housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength.

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