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Desert Hot Springs city, CA

ZIP 92240 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 92240

Median Home Value
$294,200
Median Rent
$1,071
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,890/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

22.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 92240 in Desert Hot Springs city, CA, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,890. That is about 58% above the local median household income ($51,284), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
55.7%-15% vs US avg
x
Vacancy Rate
11.7%+14% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
36.6%-26% vs US avg
x
Mortgage-Free
36.4%-5% vs US avg
x
$294,200
Home Value
$1,071
Rent
1989
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.9%
  • 1-unit attached1.9%
  • 2-9 units14.7%
  • 10+ units5.3%
  • Mobile home & other10.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$294,200
Median rent$1,071
Owner-occupied55.7%
Vacant11.7%
Price-to-income5.7x
Est. income to buy$81,000