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La Quinta, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$3,267
Monthly Cash Flow
-$1,135
Principal + Equity
$4,093
Annual Total Gain
$35,496
Cash on Cash
-7.39%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$391
Occupancy Rate
50%
Monthly Revenue
$4,403
Monthly Cash Flow
-$659
Principal + Equity
$4,093
Annual Total Gain
$41,202
Cash on Cash %
-4.3%
Net ROI %
Market Health & Growth
Median Income
$97,628
Population
38,299
LTR Renter %
25.23%
Forecast (1 yr)
1.6%
Appreciation (1 yr)
-3.5%
Appreciation (5 yr)
50.6%
Appreciation (10 yr)
74.85%
Job Growth
4.34%
LTR Rentability
Moderate
STR Demand
42
STR Rentals
2,486
Top Public Schools
A-Palm Desert High School
A-George Washington Charter School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in California
#249out of 526 markets
Best Places to Retire in California
#95out of 816 markets
Best Suburbs for Young Professionals in California
#293out of 526 markets
B-
Public School
C
Crime And Safety
D
Housing
C
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in La Quinta, CA.
In La Quinta, CA, short term rentals are regulated by the city's Vacation Rental Ordinance. Investors should be aware of the following regulations before purchasing a property for short term rental purposes:
1. Permit Requirement: All short term rental properties in La Quinta must obtain a Vacation Rental Permit from the city. The permit must be renewed annually and failure to obtain a permit can result in fines and penalties.
2. Occupancy Limits: The city has strict occupancy limits for short term rental properties, typically based on the number of bedrooms in the property. Investors should ensure that the property complies with these occupancy limits to avoid any violations.
3. Noise and Nuisance Regulations: La Quinta has noise and nuisance regulations in place to ensure that short term rental properties do not disrupt the peace and quiet of residential neighborhoods. Investors should educate their guests about these regulations to avoid complaints from neighbors.
4. Transient Occupancy Tax: Short term rental properties in La Quinta are subject to a Transient Occupancy Tax, which must be collected from guests and remitted to the city. Investors should be aware of their tax obligations and ensure compliance with the city's tax regulations.
5. Property Management Regulations: Investors should also be aware of any regulations related to property management companies or services that they may use to manage their short term rental property. Some cities have specific requirements for property management companies operating within their jurisdiction.
Overall, investors should thoroughly research and understand the regulations and requirements for short term rentals in La Quinta, CA before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential legal issues that can impact the profitability of the investment.
Market Trends Over Time
Explore 25 years of market data for La Quinta, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to La Quinta, CA.
The LTR Genie Score of La Quinta, CA is 60 and STR Genie Score is 56, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0862% and a Net ROI of 19.28%. The STR Net ROI is slightly higher at 22.37%, with an Occupancy rate of 50.0% and Revenue of 4403. The 1-Year Price Appreciation Forecast is 1.6%.
The LTR Genie Score is slightly higher than the STR Genie Score, suggesting that long-term rental investments may be slightly more favorable in La Quinta, CA compared to short-term rentals. This could be due to the steady rent growth rate and net ROI for long-term rentals in the area.
La Quinta, CA is a popular resort city in the Coachella Valley known for its luxury resorts, golf courses, and outdoor recreational activities. The city attracts both tourists and seasonal residents, making it a potentially lucrative market for real estate investors.
Overall, La Quinta, CA appears to be a promising market for both long-term and short-term rental investments. Investors may want to consider diversifying their portfolio by investing in both rental strategies to capitalize on the city's appeal to both tourists and long-term residents.
LTR Genie Score 93
$435,000
🛏 4 Beds🛁 5.0000 Baths🏙 3,240 sqft.🏠 SINGLE FAMILY