Real Estate Investing in Palm Springs, California (92264)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92264 (Palm Springs, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 35.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Palm Springs, CA (92264)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92264 Palm Springs
Not every below-median market is a bargain. Palm Springs's 92264 ZIP stands at signals that favor experienced operators who can absorb the risk $592K pricing implies.
Rent of $2,261/mo on a $592K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 92264 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 92264 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 92264 includes headwinds that any investor should price in. Income distribution skews lower than Palm Springs averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Palm Springs:
Property Strategy for 92264
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $268,018 | $1,890 | 5.1% | +7.4% | $268,018 |
| 2BR | $442,703 | $2,340 | 3.8% | +7.7% | $221,352 |
| 3BR | $894,394 | $3,100 | 2.5% | +8.9% | $298,131 |
| 4BR | $1,641,356 | $3,740 | 1.6% | +10.0% | $410,339 |
| 5BR | $2,162,315 | — | — | +9.3% | $432,463 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92264 Compare?
| Metric | 92264 | Palm Springs | Riverside-San Bernardino-Ontario, CA | California |
|---|---|---|---|---|
| Home Value | $591,840 | $613,022 | N/A | $761,003 |
| 5-Year CAGR | 3.3% | 2.6% | N/A | 5.7% |
| Avg Rent | $2,261 | $2,096 | N/A | - |
| Cap Rate | 3.0% | 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 92264 (Palm Springs, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 92264 (Palm Springs, CA)?
~25 seconds · no account needed · your report is anonymous
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 | $591,840 |
| Monthly Rent | $2,261 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | -1.3% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 92264
Population: 20,250
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 92264
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
What is the renter demographic in Palm Springs, CA?
Tenant demand in Palm Springs, CA is solid. The local workforce $2,261/mo rents across most rental classes.
How does Palm Springs, CA stack up for property investment?
The 3.0/5 investability rating in Palm Springs, CA reflects its $592K prices and $2,261/mo rents. Investors generally consider it a solid option within CA.
Is housing expensive in Palm Springs, CA?
Typical homes in Palm Springs, CA go for around $592K. The 5-year CAGR of 0.0% steady price movement.
Is vacancy a concern in Palm Springs, CA?
Palm Springs, CA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What investment strategy works best in Palm Springs, CA?
A careful cash-flow rentals with hands-on management strategy Palm Springs, CA best. The market produces steady results for that approach at the $592K price point.
You know 92264 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92264 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 92264 ranks in Riverside-San Bernardino-Ontario, CA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 92264 (Palm Springs)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 92264 (Palm Springs, CA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.