Real Estate Investing in Rancho Mirage, California (92270)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92270 (Rancho Mirage, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 42.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Rancho Mirage, CA (92270)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92270 Rancho Mirage
This part of Riverside County is not an easy win. The 92270 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 92270 is solid only for operators who understand what they are buying. A $838K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader CA picture, 92270 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A solid renter share of 19% in 92270 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Rancho Mirage's stable or hybrid ZIPs before stepping into 92270. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Rancho Mirage:
Property Strategy for 92270
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $299,021 | $1,800 | 4.3% | +8.2% | $299,021 |
| 2BR | $530,175 | $2,230 | 3.0% | +8.5% | $265,087 |
| 3BR | $831,359 | $2,950 | 2.6% | +9.0% | $277,120 |
| 4BR | $1,408,097 | $3,560 | 1.8% | +9.7% | $352,024 |
| 5BR | $2,265,979 | — | — | +11.2% | $453,196 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92270 Compare?
| Metric | 92270 | Rancho Mirage | Riverside-San Bernardino-Ontario, CA | California |
|---|---|---|---|---|
| Home Value | $838,469 | $838,469 | N/A | $761,003 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 5.7% |
| Avg Rent | $3,947 | $3,947 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 92270 (Rancho Mirage, 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 | $838,469 |
| Monthly Rent | $3,947 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -7.7% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 92270
Population: 17,375
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 92270
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
Does Rancho Mirage, CA make sense for an investment property?
The 3.0/5 investability rating in Rancho Mirage, CA reflects its $838K prices and $3,947/mo rents. Investors generally consider it a solid option within CA.
Is Rancho Mirage, CA landlord-friendly?
CA ranks as a tenant-protective state for landlord-tenant law. Rancho Mirage generally follows the statewide framework, so landlords face reasonable operating rules.
How much do tenants pay in Rancho Mirage, CA?
Rent in Rancho Mirage, CA is around $3,947/mo. The resulting rent-to-value relationship with $838K pricing is reasonable for most investor models.
Which real estate strategy fits Rancho Mirage, CA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Rancho Mirage, CA. The numbers - $838K homes against $3,947/mo rents - support that play.
What is the typical renter like in Rancho Mirage, CA?
Tenant quality in Rancho Mirage, CA ranks as solid. Landlords generally report stable occupancy at market rents of $3,947/mo.
You know 92270 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92270 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 92270 ranks in Riverside-San Bernardino-Ontario, CA
Every ZIP in this metro, ranked. Free.
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