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Palo Verde

Learn about the people, housing, costs and businesses in Palo Verde, California

Median Rent$1,144/month
Population168
Leading IndustriesWholesale Trade · Professional Services · Education41% wholesale trade
Home Value Growth⬆⬆+15.5% over 2 years
Retirees43% of residentstop 1% nationally
Homeowners56% of occupied units
Palo Verde
CA

Frequently Asked Questions

What are today's mortgage rates in Palo Verde?

As of today, the 30-year fixed mortgage rate for Palo Verde is approximately 6.823% (6.856% 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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Are home values rising in Palo Verde?

Home values in Palo Verde have increased 15.5% over the past two years. This indicates a strong appreciation trend. 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 Palo Verde?

Based on a typical all-in ownership cost of $599/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palo Verde is $26k/year.

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What industries drive the economy in Palo Verde?

The largest employment sectors in Palo Verde are wholesale trade (41%) and professional services (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.