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Twentynine Palms, 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
$1,443
Monthly Cash Flow
-$195
Principal + Equity
$2,069
Annual Total Gain
$22,481
Cash on Cash
-3.79%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$245
Occupancy Rate
48.28%
Monthly Revenue
$2,999
Monthly Cash Flow
$912
Principal + Equity
$2,069
Annual Total Gain
$35,761
Cash on Cash %
17.69%
Net ROI %
Market Health & Growth
Median Income
$56,000
Population
28,738
LTR Renter %
62.55%
Forecast (1 yr)
2.1%
Appreciation (1 yr)
-4.52%
Appreciation (5 yr)
49.35%
Appreciation (10 yr)
139.27%
Job Growth
5.66%
LTR Rentability
Very High
STR Demand
40
STR Rentals
704
Top Public Schools
CCondor Elementary School
CTwentynine Palms High School
C
C
C
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 Places to Live in California
#357out of 1762 markets
Best Places for Young Professionals in California
#868out of 1762 markets
C
Public School
C-
Crime And Safety
C-
Housing
B
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 Twentynine Palms, CA.
In Twentynine Palms, CA, Short Term Rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Permit Requirement: All STRs in Twentynine Palms are required to obtain a permit from the city. The permit application process typically involves submitting an application, paying a fee, and meeting certain criteria set by the city.
2. Occupancy Limits: The city has specific occupancy limits for STRs, which vary depending on the size of the property. Investors should ensure that their property complies with these limits to avoid any potential fines or penalties.
3. Noise Regulations: Twentynine Palms has noise regulations in place to ensure that STRs do not disrupt the peace and quiet of the neighborhood. Investors should be aware of these regulations and take steps to minimize noise disturbances from their property.
4. Parking Requirements: The city has specific parking requirements for STRs to ensure that there is adequate parking for guests. Investors should ensure that their property meets these requirements to avoid any potential issues with parking violations.
5. Transient Occupancy Tax (TOT): Twentynine Palms imposes a Transient Occupancy Tax on all short term rentals. Investors should be aware of this tax and factor it into their financial calculations when considering purchasing a property for STR purposes.
6. Compliance with Building Codes: Investors should ensure that their property meets all building codes and safety regulations set by the city. Failure to comply with these regulations could result in fines or penalties.
Overall, investors looking to purchase a property for Short Term Rental purposes in Twentynine Palms, CA should familiarize themselves with the city's regulations and ensure that their property complies with all requirements to avoid any potential issues or legal issues.
Market Trends Over Time
Explore 25 years of market data for Twentynine Palms, 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 Twentynine Palms, CA.
The LTR Genie Score of Twentynine Palms, CA is 90, indicating a very high level of attractiveness for long-term rental investment. This is supported by the high LTR Rentability and LTR Net ROI of 36.36%. Additionally, the 0.0% LTR Rent Growth Rate suggests stability in rental income. On the other hand, the STR Genie Score of 75, while still high, is slightly lower than the LTR Genie Score. This is likely due to the lower STR Net ROI of 57.84% and the moderate STR Occupancy rate of 48.28.
Twentynine Palms, CA is a city located near Joshua Tree National Park, making it a popular destination for tourists and outdoor enthusiasts. The area's natural beauty and attractions contribute to the high demand for short-term rentals, but the stability and profitability of long-term rentals make them a strong investment option as well.
Overall, Twentynine Palms, 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 take advantage of the area's strong rental market and potential for price appreciation.
LTR Genie Score 93
$134,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,488 sqft.🏠 SINGLE FAMILY