Rancho Mirage, CA

Population: 17,799
Average annual home appreciation rate: 19.47%
Total of homes for sale in this market: 29
Median home price: $651,710
Median Rent: $1,985 per room
Home price range: 27.53% of homes are between $616,001 – $924,000
Median sales price: $421,250
Number of homes: 104
Median foreclosure sales price: $390,000
Foreclosure discount: 7%
Most common home type: 56.00% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 41.95%
Number of renters: 16.03%
Number of owner occupied: 83.98%
Number people living below poverty level: 12%
Unemployment rate: 8.40%
Is this area perfect for real estate deals going on right now? Importantly, this makes Rancho Mirage one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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