Desert Hot Springs, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Desert Hot Springs, CA Housing Market Trends

With 28,878 people, 10,476 houses or apartments, and a median cost of homes of $257,494, Desert Hot Springs real estate values are some of the lowest in California, although compared to real estate around the nation, Desert Hot Springs homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Desert Hot Springs, accounting for 63.25% of the city's housing units. Other types of housing that are prevalent in Desert Hot Springs include large apartment complexes or high rise apartments ( 14.83%), duplexes, homes converted to apartments or other small apartment buildings ( 13.03%), and a few mobile homes or trailers ( 7.83%).

The most prevalent building size and type in Desert Hot Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.14% owning and 55.86% renting.

There is a lot of housing in Desert Hot Springs built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Desert Hot Springs built between 2000 and later ( 31.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.12%). There's also some housing in Desert Hot Springs built before 1939 ( 1.70%).

Vacant housing appears to be an issue in Desert Hot Springs. Fully 18.47% of the housing stock is classified as vacant. Left unchecked, vacant Desert Hot Springs homes and apartments can be a drag on the real estate market, holding Desert Hot Springs real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Desert Hot Springs Home Appreciation Rates

In the last 10 years, Desert Hot Springs has experienced some of the highest home appreciation rates of any community in the nation. Desert Hot Springs real estate appreciated 184.13% over the last ten years, which is an average annual home appreciation rate of 11.01%, putting Desert Hot Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Desert Hot Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Desert Hot Springs that despite a nationwide downturn in the housing market, Desert Hot Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Desert Hot Springs appreciation rates continue to be some of the highest in America, at 12.47%, which is higher than appreciation rates in 97.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Desert Hot Springs. Desert Hot Springs appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.12%.

Importantly, this makes Desert Hot Springs 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.

Relative to California, our data show that Desert Hot Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Desert Hot Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Desert Hot Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Desert Hot Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$257,494

Desert Hot Springs, CA HOME PRICES

> $1,359,000
0.7%
0.7%
$1,019,001 - $1,359,000
0.8%
0.8%
$679,001 - $1,019,000
0.4%
0.4%
$544,001 - $679,000
1.7%
1.7%
$408,001 - $544,000
9.2%
9.2%
$271,001 - $408,000
30.6%
30.6%
$136,001 - $271,000
42.4%
42.4%
$68,001 - $136,000
7.2%
7.2%
$0 - $68,000
7.1%
7.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
10,476

Desert Hot Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
160.96% 4.62%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,323 / per month

Homeownership Rate

Owners
44.1%
44.1%
Renters
55.9%
55.9%
Vacant
18.5%
18.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.5%
31.5%
1970 - 1999
45.7%
45.7%
1940 - 1969
21.1%
21.1%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.3%
63.3%
Townhomes
1.1%
1.1%
Small Apt. Buildings
13.0%
13.0%
Apt. Complexes
14.8%
14.8%
Mobile Homes
7.8%
7.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.0%
3.0%
1 Bedroom
11.3%
11.3%
2 Bedrooms
33.4%
33.4%
3 Bedrooms
41.5%
41.5%
4 Bedrooms
10.3%
10.3%
5 or more bedrooms
0.5%
0.5%
0.0% 100.0%
% OF HOMES