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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 28,885 people, 9,693 houses or apartments, and a median cost of homes of $206,429, 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 62.25% 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 ( 15.42%), duplexes, homes converted to apartments or other small apartment buildings ( 14.19%), and a few mobile homes or trailers ( 5.88%).
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 43.10% owning and 56.90% 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 ( 34.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.46%). There's also some housing in Desert Hot Springs built before 1939 ( 1.39%).
Vacant housing appears to be an issue in Desert Hot Springs. Fully 19.96% 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.
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 131.90% over the last ten years, which is an average annual home appreciation rate of 8.78%, 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.
NeighborhoodScout's data show that during the latest twelve months, Desert Hot Springs's appreciation rate, at 5.85%, has been at or slightly above the national average. In the latest quarter, Desert Hot Springs's appreciation rate has been 1.18%, which annualizes to a rate of 4.82%.
Relative to California, our data show that Desert Hot Springs's latest annual appreciation rate is higher than 80% 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.
|$973,001 - $1,297,000||0.9|
|$649,001 - $973,000||0.3|
|$519,001 - $649,000||1.4|
|$389,001 - $519,000||6.7|
|$259,001 - $389,000||23.5|
|$130,001 - $259,000||46.5|
|$65,001 - $130,000||10.5|
|$0 - $65,000||9.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Desert Hot Springs HOMES|
|2000 or Newer||34.5|
|1970 - 1999||43.6|
|1940 - 1969||20.5|
|1939 or Older||1.4|
|TYPE OF Desert Hot Springs HOMES|
|Small Apt. Buildings||14.2|
|SIZE OF Desert Hot Springs HOMES|
|5 or more bedrooms||0.36|