Desert Hot Springs CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Desert Hot Springs, CA Real Estate Data

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Desert Hot Springs Housing Market Information

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.

Desert Hot Springs Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$206,429

Desert Hot Springs, CA HOME PRICES

Value Range
> $1,297,000 0.9
$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

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
38.7678832116788 89.9082568807339

Number Of Homes And Apartments:
9,693

Desert Hot Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2020 Q1
126.01% 4.11%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,249 / per month

Homeownership Rate

Homeownership
Owners 43.10
Renters 56.90
Vacant 19.96

Housing Market Details

 

Age of Homes

AGE OF Desert Hot Springs HOMES
2000 or Newer 34.5
1970 - 1999 43.6
1940 - 1969 20.5
1939 or Older 1.4

Types of Homes

TYPE OF Desert Hot Springs HOMES
Single-Family 62.3
Townhomes 2.3
Small Apt. Buildings 14.2
Apt. Complexes 15.4
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Desert Hot Springs HOMES
No Bedroom 3.31
1 Bedroom 10.85
2 Bedrooms 32.60
3 Bedrooms 41.93
4 Bedrooms 10.94
5 or more bedrooms 0.36