Palm Springs, CA Real Estate
According to census data in the year 2000 there were 30,979 housing units in Palm Springs.
This represents a 1.5% growth from 30,517 in 1990.
Of those housing units, 29,847 were located in either urbanized areas or urban clusters, and 1,132 were located in what is classified as a rural area.
Homeownership rate in Palm Springs is about 60.7%.
Palm Springs's vacancy rate, including seasonal lodging, is about 33.7%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Palm Springs were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.60% |
| One Bedroom | 19.70% |
| Two Bedrooms | 42.20% |
| Three Bedrooms | 27.10% |
| Four Bedrooms | 5.20% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $157,000 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $527 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 55.50% |
| Debt Free | 32.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.4% |
