Market Overview
Home Prices in Rancho Mirage, CA
The median home value in Rancho Mirage, CA is $836,062 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.3% compared to a year ago and down 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rancho Mirage are priced104% above average. Rancho Mirage is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Rancho Mirage home values have risen by approximately30.4%, reflecting strong long-term appreciation in this market.
Price History
Rancho Mirage Home Price Trend
City Comparison
Rancho Mirage vs. National Median
At $836,062, homes in Rancho Mirage cost 104% above the national median of $410,000. Buyers in Rancho Mirage should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Rancho Mirage?
20% Down Payment
$167,212
on $836,062
Monthly P&I
$4,360/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,537/mo
incl. taxes & insurance
Income Needed
$221,480
gross annual (30% rule)
10% Down Option
$83,606
+ PMI applies
Loan Amount (20% dn)
$668,850
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 Rancho Mirage, CA?
The median home value in Rancho Mirage is $836,062 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.3% year-over-year.
How much have home prices changed in Rancho Mirage?
Over the past year, home values in Rancho Mirage have decreased by 2.3%. Over five years, prices have risen approximately 30.4%.
How much do I need to earn to buy a home in Rancho Mirage?
To comfortably afford the median home price of $836,062 with a 20% down payment ($167,212) at today's rates (6.8%), you'd need a gross annual income of approximately $221,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Rancho Mirage compare to the national average home price?
The national median home value is approximately $410,000. At $836,062, homes in Rancho Mirage are 104% above the national average.
What metro area is Rancho Mirage part of?
Rancho Mirage is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.