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Palo Verde

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

Median Home$267,338
Median Rent$1,240/month
Population56,826
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation8% arts, food & hospitality
Home Value Growth⬆⬆+17.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableHigh Incomes$91k/year · top 23% nationally
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 6.917% (6.954% 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 Palo Verde?

The median home value in Palo Verde is $267k. The median monthly rent is $1,240. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palo Verde?

Home values in Palo Verde have increased 17.3% 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 $1,292/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palo Verde is $91k/year.

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What industries drive the economy in Palo Verde?

The largest employment sectors in Palo Verde are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.