Market Overview
Home Prices in Palm Springs, CA
The median home value in Palm Springs, CA is $619,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.7% compared to a year ago and down 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palm Springs are priced51% above average. Palm Springs is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Palm Springs home values have risen by approximately17.5%, reflecting steady appreciation in this market.
Price History
Palm Springs Home Price Trend
City Comparison
Palm Springs vs. National Median
At $619,612, homes in Palm Springs cost 51% above the national median of $410,000. Buyers in Palm Springs should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Palm Springs?
20% Down Payment
$123,922
on $619,612
Monthly P&I
$3,232/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,105/mo
incl. taxes & insurance
Income Needed
$164,200
gross annual (30% rule)
10% Down Option
$61,961
+ PMI applies
Loan Amount (20% dn)
$495,690
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Palm Springs, CA?
The median home value in Palm Springs is $619,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.7% year-over-year.
How much have home prices changed in Palm Springs?
Over the past year, home values in Palm Springs have decreased by 1.7%. Over five years, prices have risen approximately 17.5%.
How much do I need to earn to buy a home in Palm Springs?
To comfortably afford the median home price of $619,612 with a 20% down payment ($123,922) at today's rates (6.8%), you'd need a gross annual income of approximately $164,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Palm Springs compare to the national average home price?
The national median home value is approximately $410,000. At $619,612, homes in Palm Springs are 51% above the national average.
What metro area is Palm Springs part of?
Palm Springs is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.