Real Estate Investing in Palm Springs, California (92262)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92262 (Palm Springs, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 33.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.4 — hard to cash-flow at these prices.
What’s happening in Palm Springs, CA (92262)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92262 Palm Springs
This part of Riverside County is not an easy win. The 92262 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,931/mo on a $634K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 92262 sits below the stated 0.0% once reality is priced in.
The gap between 92262 and stronger Palm Springs ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 92262 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 92262 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Palm Springs:
Property Strategy for 92262
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $207,013 | $1,730 | 6.0% | +7.6% | $207,013 |
| 2BR | $456,585 | $2,140 | 3.4% | +7.6% | $228,293 |
| 3BR | $819,189 | $2,830 | 2.5% | +6.9% | $273,063 |
| 4BR | $1,068,170 | $3,420 | 2.3% | +7.7% | $267,043 |
| 5BR | $2,328,134 | — | — | +9.2% | $465,627 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92262 Compare?
| Metric | 92262 | Palm Springs | Riverside-San Bernardino-Ontario, CA | California |
|---|---|---|---|---|
| Home Value | $634,203 | $613,022 | N/A | $761,003 |
| 5-Year CAGR | 1.9% | 2.6% | N/A | 5.7% |
| Avg Rent | $1,931 | $2,096 | N/A | - |
| Cap Rate | 2.4% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 92262 (Palm Springs, CA). Anonymous, moderated, never written by AI.
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Property managers serving Riverside County
Manage rentals here? List your business →33 Property Management offers residential and multi-family property management services in North County San Diego and Riverside, CA. summary from their website
Albert Association Management provides HOA and community association management services in Palm Desert. summary from their website
All County Desert offers full-service residential property management in Palm Desert and Coachella Valley, focusing exclusively on maximizing property investment returns. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $634,203 |
| Monthly Rent | $1,931 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.8% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 92262
Population: 26,064
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 92262
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,803 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Palm Springs, CA?
Rents in Palm Springs, CA run near $1,931/mo. Compared with median home prices of $634K that produces solid gross yields for typical rentals.
What are vacancy rates like in Palm Springs, CA?
Vacancy in Palm Springs, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,931/mo.
Is Palm Springs, CA a good place for real estate investing?
Yes - Palm Springs, CA a 2.0/5 investability score. With $634K home prices against $1,931/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I live-in-and-rent in Palm Springs, CA?
House hacking in Palm Springs, CA is a challenging. With home values around $634K and rents at $1,931/mo, owner-occupants can offset a meaningful share of PITI.
What is the smart move for investors in Palm Springs, CA?
In Palm Springs, CA the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $634K prices and $1,931/mo rents suits that approach.
You know 92262 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92262 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 92262 ranks in Riverside-San Bernardino-Ontario, CA
Every ZIP in this metro, ranked. Free.
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