Home prices
The value of the median home in Palm Springs is $389,800. It is approximately $91,580 (30%) higher in comparison to nearby areas.It is approximately $172,300 (79%) higher in comparison to the country as a whole, and compared to the city of San Diego it is approximately $212,800 (35%) lower.
Rents
The median monthly rent in Palm Springs is $1,114. It is approximately $118 (9%) lower compared to its nearby areas.Compared to the rest of the country it is about $52 (4%) higher, and is roughly $581 (34%) lower compared to the city of San Diego.
Nearby places
Cathedral City
Cathedral City is Palm Springs's neighbor to the northeast. The housing prices there are significantly less expensive. The median home cost in Cathedral City is $279,500, which is $110,300 (39%) lower than Palm Springs. Its rents are a bit more expensive. Cathedral City's median monthly rent is $1,193, which works out to $79 (6%) higher than Palm Springs.
Rancho Mirage
Rancho Mirage is Palm Springs's neighbor to the southeast. Housing prices there are a bit more expensive. The median home in Rancho Mirage costs $498,700, which works out to $108,900 (21%) higher than Palm Springs. Rent there is a bit more expensive. Rancho Mirage's median rent is $1,191 a month, which works out to $77 (6%) higher than Palm Springs.
Garnet
Garnet is about 9 miles north from Palm Springs. Its real estate prices are substantially less expensive. The median home cost in Garnet is $180,900, which comes out to $208,900 (115%) lower than Palm Springs. Rents there are somewhat more expensive. The median monthly rent in Garnet is $1,315, which comes out to $201 (15%) higher than Palm Springs.
Thousand Palms
Thousand Palms is approximately 9 miles east from Palm Springs. Housing prices there are substantially less expensive. Thousand Palms's median home value is $181,600, which comes out to $208,200 (114%) lower than Palm Springs. The rent there is fairly similar. Thousand Palms's median monthly rent is $1,143, which works out to $29 (2%) higher than Palm Springs.
Palm Desert
Palm Desert is roughly 9 miles southeast from Palm Springs. The housing prices there are a bit less expensive. The median home value in Palm Desert is $350,400, which is $39,400 (11%) lower than Palm Springs. The rent there is a bit more expensive. Palm Desert's median monthly rent is $1,319, which comes out to $205 (15%) higher than Palm Springs.
