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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Indian Wells, CA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Indian Wells, CA Housing Market Trends

With a population of 4,860, 2,581 total housing units (homes and apartments), and a median house value of $994,589, real estate costs in Indian Wells are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Indian Wells, accounting for 61.43% of the city's housing units. Other types of housing that are prevalent in Indian Wells include row houses and other attached homes ( 23.20%), large apartment complexes or high rise apartments ( 8.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indian Wells. Owner-occupied housing accounts for 77.72% of Indian Wells's homes, and 69.07% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Indian Wells 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 Indian Wells built between 2000 and later ( 26.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.53%).

A decent proportion of the Indian Wells housing stock is seasonally occupied. That is, homes and condos in Indian Wells are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Indian Wells housing market speaks to its popularity as a vacation location of choice.

Indian Wells Home Appreciation Rates

Appreciation rates for homes in Indian Wells have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.71%, which ranks in the top 50% nationwide. This equates to an annual average Indian Wells house appreciation rate of 6.50%.

Over the last year, Indian Wells appreciation rates have trailed the rest of the nation. In the last twelve months, Indian Wells's appreciation rate has been 1.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Indian Wells were at -0.10%, which equates to an annual appreciation rate of -0.40%.

Relative to California, our data show that Indian Wells's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

Median Home Value

$994,589

Indian Wells, CA Home Prices
> $1,290,000
$968,001 - $1,290,000
$645,001 - $968,000
$516,001 - $645,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
30.2%
30.2%
15.1%
15.1%
19.4%
19.4%
14.3%
14.3%
8.4%
8.4%
7.2%
7.2%
4.1%
4.1%
1.1%
1.1%
0.3%
0.3%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

2,581

Indian Wells Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,032 / per month

Homeownership Rate

Owners
Renters
77.7%
77.7%
22.3%
22.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
52.2%
52.2%
47.8%
47.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.4%
26.4%
62.1%
62.1%
11.5%
11.5%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.4%
61.4%
23.2%
23.2%
6.3%
6.3%
8.1%
8.1%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
11.9%
11.9%
16.0%
16.0%
43.3%
43.3%
25.8%
25.8%
1.9%
1.9%
0% 100.0%
% of Homes