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 28,492 people, 9,041 houses or apartments, and a median cost of homes of $181,797, 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 63.59% of the city's housing units. Other types of housing that are prevalent in Desert Hot Springs include duplexes, homes converted to apartments or other small apartment buildings ( 14.35%), large apartment complexes or high rise apartments ( 13.19%), and a few mobile homes or trailers ( 6.26%).
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 42.01% owning and 57.99% 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 ( 33.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.15%). There's also some housing in Desert Hot Springs built before 1939 ( 1.89%).
Vacant housing appears to be an issue in Desert Hot Springs. Fully 18.54% 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.
Homes have actually lost value in Desert Hot Springs over the last then years, as home values have seen a decline of 28.45% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Desert Hot Springs home appreciation rates at 2.20%, which equates to an annual appreciation rate of 9.09%.
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 10.56%, which is higher than appreciation rates in 95.74% 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 2.20%, which equates to an annual appreciation rate of 9.09%.
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.
|$1,177,001 - $1,568,000||0.3|
|$784,001 - $1,177,000||0.9|
|$627,001 - $784,000||0.1|
|$471,001 - $627,000||1.6|
|$313,001 - $471,000||11.0|
|$157,001 - $313,000||50.2|
|$78,001 - $157,000||24.8|
|$0 - $78,000||11.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Desert Hot Springs HOMES|
|2000 or Newer||33.4|
|1970 - 1999||46.5|
|1940 - 1969||18.1|
|1939 or Older||1.9|
|TYPE OF Desert Hot Springs HOMES|
|Small Apt. Buildings||14.4|
|SIZE OF Desert Hot Springs HOMES|
|5 or more bedrooms||1.16|