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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Desert Hot Springs Housing Market Information

With 28,757 people, 9,360 houses or apartments, and a median cost of homes of $204,280, 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 64.50% 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 ( 13.73%), large apartment complexes or high rise apartments ( 13.20%), and a few mobile homes or trailers ( 7.00%).

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 43.43% owning and 56.57% 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 ( 34.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.31%).

Vacant housing appears to be an issue in Desert Hot Springs. Fully 21.04% 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 88.49% over the last ten years, which is an average annual home appreciation rate of 6.54%, 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 3.20%, has been at or slightly above the national average. In the latest quarter, Desert Hot Springs's appreciation rate has been 0.51%, which annualizes to a rate of 2.04%.

Relative to California, our data show that Desert Hot Springs's latest annual appreciation rate is higher than 70% 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:
$204,280

Desert Hot Springs, CA HOME PRICES

Value Range
> $1,367,000 0.2
$1,025,001 - $1,367,000 1.1
$683,001 - $1,025,000 1.0
$547,001 - $683,000 1.2
$410,001 - $547,000 3.0
$274,001 - $410,000 16.6
$137,001 - $274,000 54.3
$68,001 - $137,000 12.0
$0 - $68,000 10.6

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
36.9985401459854 89.5150720838794

Number Of Homes And Apartments:
9,360

Desert Hot Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
112.89% 3.95%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,239 / per month

Homeownership Rate

Homeownership
Owners 43.43
Renters 56.57
Vacant 21.04

Housing Market Details

 

Age of Homes

AGE OF Desert Hot Springs HOMES
2000 or Newer 34.1
1970 - 1999 44.6
1940 - 1969 20.3
1939 or Older 1.0

Types of Homes

TYPE OF Desert Hot Springs HOMES
Single-Family 64.5
Townhomes 1.6
Small Apt. Buildings 13.7
Apt. Complexes 13.2
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Desert Hot Springs HOMES
No Bedroom 3.11
1 Bedroom 11.37
2 Bedrooms 33.65
3 Bedrooms 40.38
4 Bedrooms 9.90
5 or more bedrooms 1.59