92252, Joshua Tree, CA

Joshua Tree, CA is located in the Eastern California desert and has a population of just over 10,000 people. The median home value in Joshua Tree is $269,900 and the median home equity is $113,700. Home prices have increased by 5.5% over the past year and are projected to increase by another 7% in 2018.

The primary drivers of home equity growth in Joshua Tree are strong job growth (+6%), low interest rates (+0.5%) and limited supply of homes for sale (-4%). Despite these positive trends, there are some risks that could impact home values including a potential housing market crash or an increase in interest rates which would make mortgages more expensive to pay off.