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Real Estate Prices & Overview

Palm Springs median real estate price is $334,573, which is more expensive than 38.5% of the neighborhoods in Arizona and 45.7% of the neighborhoods in the U.S.

The average rental price in Palm Springs is currently $1,480, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.8% of Arizona neighborhoods.

Palm Springs is a suburban neighborhood (based on population density) located in Apache Junction, Arizona.

Palm Springs real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Palm Springs neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Palm Springs has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.0% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (6.4%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Apache Junction, the Palm Springs neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 22.8% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.2% of the neighborhoods in America.

Diversity

Did you know that the Palm Springs neighborhood has more Jamaican and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Jamaican ancestry and 1.5% have Slovak ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Palm Springs neighborhood in Apache Junction are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.8% of the neighborhoods in America. With 10.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.8% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Palm Springs neighborhood, 31.6% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.6%), and 16.0% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Palm Springs neighborhood is English, spoken by 89.8% of households. Other important languages spoken here include Spanish and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Palm Springs neighborhood in Apache Junction, AZ, residents most commonly identify their ethnicity or ancestry as German (18.4%). There are also a number of people of Mexican ancestry (14.8%), and residents who report English roots (12.9%), and some of the residents are also of Italian ancestry (9.8%), along with some Irish ancestry residents (7.3%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Palm Springs neighborhood spend under 15 minutes commuting one-way to work (42.9% of working residents), one of the shortest commutes across America.

Here most residents (73.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (20.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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