Market Overview
Home Prices in Thousand Palms, CA
The median home value in Thousand Palms, CA is $380,675 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.9% compared to a year ago and down 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thousand Palms are priced7% below average. Thousand Palms is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Thousand Palms home values have risen by approximately13.4%, reflecting steady appreciation in this market.
Price History
Thousand Palms Home Price Trend
City Comparison
Thousand Palms vs. National Median
At $380,675, homes in Thousand Palms cost 7% below the national median of $410,000. This makes Thousand Palms a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thousand Palms?
20% Down Payment
$76,135
on $380,675
Monthly P&I
$1,985/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,521/mo
incl. taxes & insurance
Income Needed
$100,840
gross annual (30% rule)
10% Down Option
$38,068
+ PMI applies
Loan Amount (20% dn)
$304,540
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 Thousand Palms, CA?
The median home value in Thousand Palms is $380,675 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.9% year-over-year.
How much have home prices changed in Thousand Palms?
Over the past year, home values in Thousand Palms have decreased by 3.9%. Over five years, prices have risen approximately 13.4%.
How much do I need to earn to buy a home in Thousand Palms?
To comfortably afford the median home price of $380,675 with a 20% down payment ($76,135) at today's rates (6.8%), you'd need a gross annual income of approximately $100,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Thousand Palms compare to the national average home price?
The national median home value is approximately $410,000. At $380,675, homes in Thousand Palms are 7% below the national average.
What metro area is Thousand Palms part of?
Thousand Palms is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.