Home Values

Palmdale 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

$224,300

  • 12.7% 1-year change
  • 2.6% 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

Cool

Buyers' Market
Sellers' Market

The median home value in Palmdale is $224,300. Palmdale home values have gone up 12.7% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Palmdale is $121, which is lower than the Los Angeles Metro average of $335. The median price of homes currently listed in Palmdale is $228,975 while the median price of homes that sold is $230,000. The median rent price in Palmdale is $1,450, which is lower than the Los Angeles Metro median of $2,180.

Foreclosures will be a factor impacting home values in the next several years. In Palmdale 5.8 homes are foreclosed (per 10,000). This is greater than the Los Angeles Metro value of 1.9 and also greater than the national value of 4.0

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 Palmdale is 8.2%, which is higher than the national value of 6.4%. 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 Palmdale homeowners underwater on their mortgage is 24.4%, which is higher than Los Angeles Metro at 9.4%.

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Relative ZHVI
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Palmdale Market Overview

Data through Dec 31, 2014
  • $224,300 ZHVI
  • 2.6% 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
    (Dec 31, 2015)
  • $228,975 Median listing price
  • $230,000 Median sale price
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Palmdale Market Health

Data through Dec 31, 2014
  • 4.6/10 Stable
    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.
  • No data Average days on Zillow
  • 24.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.8 homes Palmdale
1.9 homes Los Angeles Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
La Canada Flintridge $1,458,500
Sierra Madre $857,800
La Crescenta-Montrose $750,900
Name Median ZHVI
Altadena $659,100
Monrovia $566,700
Acton $495,200
Name Median ZHVI
Pearblossom $218,600
Lancaster $202,000
Littlerock $184,100

Listings & Sales

Data through Dec 31, 2014
  • $121 Median list price / sq ft
  • $124 Median sale price / sq ft
  • 15.8% Listings with price cut
13.1%
Sold below listing
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Palmdale Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,481 Palmdale
    $2,446 Los Angeles Metro
    $1,345 United States

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

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,450 Rent list price
  • $0.88 Rent list price / sq ft
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