Home Values

Desert Hot Springs Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$157,300

  • 12.4% 1-year change
  • 7.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Desert Hot Springs is $157,300. Desert Hot Springs home values have gone up 12.4% over the past year and Zillow predicts they will rise 7.8% within the next year. The median list price per square foot in Desert Hot Springs is None. The median rent price in Desert Hot Springs is $1,050, which is lower than the Riverside Metro median of $1,575.

Foreclosures will be a factor impacting home values in the next several years. In Desert Hot Springs 4.8 homes are foreclosed (per 10,000). This is greater than the Riverside Metro value of 2.9 and also greater than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Desert Hot Springs is 7.5%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Desert Hot Springs homeowners underwater on their mortgage is 24.4%, which is higher than Riverside Metro at 17.0%.

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Relative ZHVI
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Desert Hot Springs Market Overview

Data through Mar 31, 2015
  • $157,300 ZHVI
  • 7.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $131,600 Median sale price
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Desert Hot Springs Market Health

Data through Mar 31, 2015
  • 3.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 24.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

4.8 homes Desert Hot Springs
2.9 homes Riverside Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Indian Wells $666,500
Rancho Mirage $473,300
Palm Desert $320,800
Name Median ZHVI
Palm Springs $289,100
Indio $238,900
Cathedral City $224,400
Name Median ZHVI
Coachella $143,100
Yucca Valley $129,900
Joshua Tree $97,000

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $100 Median sale price / sq ft
  • No data Listings with price cut
18.3%
Sold below listing
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Desert Hot Springs Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,234 Desert Hot Springs
    $1,674 Riverside Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,050 Rent list price
  • $0.81 Rent list price / sq ft
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