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Palm Desert, 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
$2,539
Monthly Cash Flow
-$827
Principal + Equity
$2,791
Annual Total Gain
$23,569
Cash on Cash
-7.26%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$300
Occupancy Rate
50%
Monthly Revenue
$3,092
Monthly Cash Flow
-$738
Principal + Equity
$2,791
Annual Total Gain
$24,640
Cash on Cash %
-6.47%
Net ROI %
Market Health & Growth
Median Income
$79,508
Population
51,551
LTR Renter %
35.61%
Forecast (1 yr)
1.5%
Appreciation (1 yr)
-3.39%
Appreciation (5 yr)
44.24%
Appreciation (10 yr)
66.05%
Job Growth
1.88%
LTR Rentability
Moderate
STR Demand
42
STR Rentals
3,422
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.
B-
Overall
Top-level market grade
Best Places to Retire in California
#23out of 816 markets
Best Suburbs for Young Professionals in California
#201out of 526 markets
Suburbs with the Best Public Schools in California
#233out of 526 markets
B
Public School
C
Crime And Safety
D
Housing
B
Nightlife
B-
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 Palm Desert, CA.
In Palm Desert, CA, short term rentals (STRs) are subject to regulations set forth by the city government. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Permit Requirement: STRs in Palm Desert require a permit from the city in order to operate legally. The permit process includes an application fee and an inspection of the property to ensure it meets safety and zoning requirements.
2. Occupancy Limits: The city of Palm Desert has specific occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are not exceeded.
3. Noise Regulations: Palm Desert has strict noise regulations in place to ensure that STRs do not disturb the peace and quiet of residential neighborhoods. Investors should inform guests of these regulations and take steps to prevent noise disturbances.
4. Transient Occupancy Tax: Investors renting out their property on a short term basis in Palm Desert are required to collect and remit transient occupancy tax to the city. This tax is typically a percentage of the rental income and must be paid on a regular basis.
5. Homeowner's Association Rules: If the property is located within a homeowner's association (HOA), investors should be aware of any additional rules and regulations that may apply to STRs. Some HOAs have restrictions on short term rentals or require approval before renting out a property.
6. Insurance Requirements: Investors should ensure that their property insurance policy covers short term rentals. Some insurance companies may require additional coverage for STRs, so it is important to review the policy and make any necessary adjustments.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Palm Desert operates legally and successfully. It is recommended to consult with a real estate attorney or property management company familiar with local regulations to ensure compliance.
Market Trends Over Time
Explore 25 years of market data for Palm Desert, 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 Palm Desert, CA.
The LTR Genie Score of Palm Desert, CA is 59 and STR Genie Score is 49, indicating a moderate level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0731% suggests a steady increase in rental prices over time, while the LTR Net ROI of 17.24% and STR Net ROI of 18.02% indicate favorable returns on investment. The 1-Year Price Appreciation Forecast of 1.5% suggests a stable market with potential for growth.
The STR Occupancy rate of 50.0 and STR Revenue of 3092 indicate a decent demand for short-term rentals in Palm Desert. However, the slightly higher LTR Genie Score compared to the STR Genie Score suggests that long-term rental investment may be more attractive in this market.
Palm Desert, CA is a popular resort city known for its golf courses, luxury resorts, and outdoor recreational activities. The city attracts tourists and snowbirds looking to escape cold winters, making it a desirable location for both long-term and short-term rental investments.
Overall, Palm Desert, CA presents a promising opportunity for real estate investors, particularly in the long-term rental sector. With steady rent growth, favorable ROI, and a stable market forecast, investing in long-term rental properties in Palm Desert could yield profitable returns. However, investors should also consider the potential for short-term rentals, given the city's appeal to tourists and seasonal visitors. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals may be the most advantageous approach in this market.
