Joshua Tree, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Joshua Tree, CA Housing Market Trends

With a population of 7,657, 3,089 total housing units (homes and apartments), and a median house value of $259,290, Joshua Tree real estate values are some of the lowest in California, although compared to real estate around the nation, Joshua Tree homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Joshua Tree, accounting for 84.32% of the town's housing units. Other types of housing that are prevalent in Joshua Tree include duplexes, homes converted to apartments or other small apartment buildings ( 6.90%), large apartment complexes or high rise apartments ( 6.51%), and a few mobile homes or trailers ( 1.50%).

People in Joshua Tree primarily live in small (one, two or no bedroom) single-family detached homes. Joshua Tree has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Joshua Tree 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 Joshua Tree built between 1940-1969 ( 24.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.00%). There's also some housing in Joshua Tree built before 1939 ( 3.46%).

Vacant housing appears to be an issue in Joshua Tree. Fully 23.01% of the housing stock is classified as vacant. Left unchecked, vacant Joshua Tree homes and apartments can be a drag on the real estate market, holding Joshua Tree 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.

Joshua Tree Home Appreciation Rates

In the last 10 years, Joshua Tree has experienced some of the highest home appreciation rates of any community in the nation. Joshua Tree real estate appreciated 183.99% over the last ten years, which is an average annual home appreciation rate of 11.00%, putting Joshua Tree in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Joshua Tree definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Joshua Tree that despite a nationwide downturn in the housing market, Joshua Tree real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Joshua Tree appreciation rates continue to be some of the highest in America, at 13.62%, which is higher than appreciation rates in 98.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Joshua Tree. Joshua Tree appreciation rates in the latest quarter were at 2.97%, which equates to an annual appreciation rate of 12.43%.

Importantly, this makes Joshua Tree one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Joshua Tree's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$259,290

Joshua Tree, CA HOME PRICES

> $1,516,000
1.1%
1.1%
$1,137,001 - $1,516,000
0.3%
0.3%
$758,001 - $1,137,000
1.4%
1.4%
$606,001 - $758,000
3.2%
3.2%
$455,001 - $606,000
6.2%
6.2%
$303,001 - $455,000
21.2%
21.2%
$152,001 - $303,000
44.7%
44.7%
$76,001 - $152,000
16.2%
16.2%
$0 - $76,000
5.8%
5.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
3,089

Joshua Tree Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
267.36% 6.31%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,361 / per month

Homeownership Rate

Owners
50.7%
50.7%
Renters
49.3%
49.3%
Vacant
23.0%
23.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.0%
10.0%
1970 - 1999
61.9%
61.9%
1940 - 1969
24.7%
24.7%
1939 or Older
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.3%
84.3%
Townhomes
0.8%
0.8%
Small Apt. Buildings
6.9%
6.9%
Apt. Complexes
6.5%
6.5%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
14.6%
14.6%
2 Bedrooms
37.9%
37.9%
3 Bedrooms
36.6%
36.6%
4 Bedrooms
8.3%
8.3%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Joshua Tree

Popular Communities Near Joshua Tree, CA

Zip Codes in Joshua Tree, CA