92260, Palm Desert, CA

The Palm Desert zip code 92260 has a median home value of $269,000 and a median home equity of $142,000. The average home price in the zip code has increased by 5.5% over the past year. In addition, the number of homes sold in the zip code has increased by 5.8%. This indicates that there is strong demand for homes in this area and that people are confident about their ability to purchase a home here.

One reason for this confidence may be the low unemployment rate in Palm Desert, which currently stands at 3%. Additionally, Palm Desert is located within close proximity to both Los Angeles and San Diego metropolitan areas, which means that there is a large pool of potential buyers available should they want to purchase a home in this area. Furthermore, many new developments have been built in Palm Desert over the past few years, which means that more people are likely to be interested in purchasing homes here in the future.

Overall, it appears that homeownership rates and home prices are on the rise in Palm Desert and this trend is likely to continue for some time to come. If you are looking for an area with strong housing market fundamentals then you should consider purchasing a home in Palm Desert