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Desert Palms

Learn about the people, housing, costs and businesses in Desert Palms, California

Median Home$562,982
Median Rent$2,430/month
Population6,571
Leading IndustriesTransportation · Public Administration · Education9% transportation
Home Value Growth+4.7% over 2 years
Retirees84% of residentstop 1% nationally
Homeowners86% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableHighly Educated29% bachelor's · 12% graduate · top 10% nationally
Desert Palms
CA

Frequently Asked Questions

What are today's mortgage rates in Desert Palms?

As of today, the 30-year fixed mortgage rate for Desert Palms is approximately 6.846% (6.880% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Desert Palms?

The median home value in Desert Palms is $563k. The median monthly rent is $2,430. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Desert Palms?

Home values in Desert Palms have increased 4.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Desert Palms?

Based on a typical all-in ownership cost of $1,420/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Desert Palms is $83k/year.

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What industries drive the economy in Desert Palms?

The largest employment sectors in Desert Palms are public administration (32%) and transportation (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.