Desert Hot Springs, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Desert Hot Springs Neighborhoods Since 2000




Desert Hot Springs, CA Real Estate Data


Desert Hot Springs Housing Market Information

With a population of 28,335, 9,164 total housing units (homes and apartments), and a median house value of $169,437, 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 62.58% 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 ( 14.15%), large apartment complexes or high rise apartments ( 14.11%), and a few mobile homes or trailers ( 6.04%).

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 44.03% owning and 55.97% 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 ( 33.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.02%). There's also some housing in Desert Hot Springs built before 1939 ( 1.10%).

Vacant housing appears to be an issue in Desert Hot Springs. Fully 20.83% 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

Homes have actually lost value in Desert Hot Springs over the last then years, as home values have seen a decline of 42.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Desert Hot Springs home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.30%.

Over the last year, Desert Hot Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Desert Hot Springs's appreciation rate has been 4.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Desert Hot Springs were at 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Desert Hot Springs's latest annual appreciation rate is lower 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:
$169,437

Desert Hot Springs, CA HOME PRICES

Value Range
> $1,487,000 0.0
$1,116,001 - $1,487,000 0.2
$743,001 - $1,116,000 0.9
$595,001 - $743,000 0.1
$446,001 - $595,000 1.5
$297,001 - $446,000 10.4
$149,001 - $297,000 48.5
$74,001 - $149,000 27.1
$0 - $74,000 11.3

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
42.9232300755402 93.9233817701453

Number Of Homes And Apartments:
9,164

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 44.03
Renters 55.97
Vacant 20.83

Housing Market Details

 

Age of Homes

AGE OF Desert Hot Springs HOMES
2000 or Newer 33.8
1970 - 1999 46.0
1940 - 1969 19.0
1939 or Older 1.1

Types of Homes

TYPE OF Desert Hot Springs HOMES
Single-Family 62.6
Townhomes 3.1
Small Apt. Buildings 14.2
Apt. Complexes 14.1
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Desert Hot Springs HOMES
No Bedroom 3.46
1 Bedroom 10.96
2 Bedrooms 30.12
3 Bedrooms 42.29
4 Bedrooms 12.07
5 or more bedrooms 1.11

Desert Hot Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
58.78% 2.76% 3 7
* 10 is highest