Home prices
The cost of the median home in Rancho Mirage is $498,700. This is approximately $113,940 (29%) higher in comparison to its nearby areas.It is about $281,200 (129%) higher in comparison to the country as a whole, and in comparison to the city of San Diego is about $103,900 (17%) lower.
Rents
In Rancho Mirage the median monthly rent is $1,191. This is approximately $80 (7%) higher in comparison to other places in this area.In comparison to the United States as a whole it is about $129 (12%) higher, and compared to the city of San Diego it is about $504 (29%) lower.
Nearby places
Palm Desert
Palm Desert is Rancho Mirage's neighbor to the southeast. Its housing prices are substantially less expensive. The median home in Palm Desert costs $350,400, which comes out to $148,300 (42%) lower than Rancho Mirage. Rent there is a bit more expensive. Palm Desert's median monthly rent is $1,319, which is $128 (9%) higher than Rancho Mirage.
Thousand Palms
Thousand Palms is Rancho Mirage's neighbor to the northeast. The housing prices there are significantly less expensive. The median home in Thousand Palms is valued at $181,600, which is $317,100 (174%) lower than Rancho Mirage. The rent there is similar. Thousand Palms's median rent is $1,143 per month, which works out to $48 (4%) lower than Rancho Mirage.
Cathedral City
Cathedral City is Rancho Mirage's neighbor to the north. The real estate prices there are significantly less expensive. The median home value in Cathedral City is $279,500, which works out to $219,200 (78%) lower than Rancho Mirage. The rent there is fairly similar. The median rent in Cathedral City is $1,193 a month, which is very similar to Rancho Mirage.
Palm Springs
Palm Springs is Rancho Mirage's neighbor to the northwest. The real estate prices there are somewhat less expensive. The median home price in Palm Springs is $389,800, which comes out to $108,900 (27%) lower than Rancho Mirage. The rent there is a bit less expensive. Palm Springs's median monthly rent is $1,114, which works out to $77 (6%) lower than Rancho Mirage.
Indian Wells
Indian Wells is about 6 miles southeast of Rancho Mirage. The real estate prices there are a bit more expensive. The price of the median home in Indian Wells is $722,500, which comes out to $223,800 (30%) higher than Rancho Mirage. The rent there is a lot less expensive. Indian Wells's median monthly rent is $788, which works out to $403 (51%) lower than Rancho Mirage.
