Cathedral City, 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

Cathedral City, CA Housing Market Trends

With a population of 55,007, 18,816 total housing units (homes and apartments), and a median house value of $392,457, real estate costs in Cathedral City are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Cathedral City, accounting for 55.50% of the city's housing units. Other types of housing that are prevalent in Cathedral City include large apartment complexes or high rise apartments ( 14.69%), duplexes, homes converted to apartments or other small apartment buildings ( 13.31%), and a few mobile homes or trailers ( 9.75%).

The most prevalent building size and type in Cathedral City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.31% owning and 39.69% renting.

There is a lot of housing in Cathedral City 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 Cathedral City built between 2000 and later ( 20.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.25%).

Vacant housing appears to be an issue in Cathedral City. Fully 20.34% of the housing stock is classified as vacant. Left unchecked, vacant Cathedral City homes and apartments can be a drag on the real estate market, holding Cathedral City 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.

Cathedral City Home Appreciation Rates

In the last 10 years, Cathedral City has experienced some of the highest home appreciation rates of any community in the nation. Cathedral City real estate appreciated 123.47% over the last ten years, which is an average annual home appreciation rate of 8.37%, putting Cathedral City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cathedral City 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 Cathedral City that despite a nationwide downturn in the housing market, Cathedral City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cathedral City appreciation rates continue to be some of the highest in America, at 11.08%, which is higher than appreciation rates in 94.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cathedral City. Cathedral City appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.78%.

Importantly, this makes Cathedral City 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 Cathedral City'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 Cathedral City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cathedral City - 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 Cathedral City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$392,457

Cathedral City, CA HOME PRICES

> $1,332,000
2.2%
2.2%
$999,001 - $1,332,000
1.9%
1.9%
$666,001 - $999,000
4.3%
4.3%
$533,001 - $666,000
7.9%
7.9%
$399,001 - $533,000
28.5%
28.5%
$266,001 - $399,000
31.9%
31.9%
$133,001 - $266,000
14.6%
14.6%
$67,001 - $133,000
4.2%
4.2%
$0 - $67,000
4.4%
4.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
18,816

Cathedral City 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
157.42% 4.55%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,681 / per month

Homeownership Rate

Owners
60.3%
60.3%
Renters
39.7%
39.7%
Vacant
20.3%
20.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.0%
20.0%
1970 - 1999
68.9%
68.9%
1940 - 1969
10.3%
10.3%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.5%
55.5%
Townhomes
6.5%
6.5%
Small Apt. Buildings
13.3%
13.3%
Apt. Complexes
14.7%
14.7%
Mobile Homes
9.8%
9.8%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
9.6%
9.6%
2 Bedrooms
31.0%
31.0%
3 Bedrooms
41.4%
41.4%
4 Bedrooms
13.8%
13.8%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES