92240, Desert Hot Springs, CA

The 92240 zip code of Desert Hot Springs, CA has a median home value of $1,099,000. This is a significant increase from the median home value of $814,000 in 2000. The 92240 zip code has seen an annual growth rate of 7.7% since 2000.

There are several factors that have contributed to the growth in home values in the 92240 zip code. One reason is that Desert Hot Springs is a desirable location with plenty of amenities and access to both public and private transportation. Additionally, the area has experienced strong job growth over the past decade, which has led to increased demand for housing.

Despite these positive trends, there are some limitations to how much home values can grow in this area. For example, there is limited land available for development and competition from other areas may limit potential buyers’ options when it comes to purchasing a home. Additionally, while prices have been increasing steadily over the past few years, they may not continue doing so indefinitely due to market saturation or other factors outside of homeowners’ control.