The story of this market
The typical home in ZIP 92234 sells for about $528,000, or $296 per square foot.
Prices are roughly flat from a year ago (+0.4%), a market in balance. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,601 a month.
ZIP 92234 — Cathedral City
The Cathedral City housing market is showing signs of stabilization with a median sale price of $528,000 and a modest year-over-year increase. While inventory remains available, the market is experiencing a balanced dynamic between buyers and sellers, supported by steady demand in the Coachella Valley.
This ZIP is well-suited for retirees, seasonal residents, and families seeking more affordable housing options compared to neighboring Palm Springs, while also attracting investors interested in the vacation rental market.
Median prices moved up 0.4% year over year.
Homes spend a median of 59 days on market with 1.8 months of supply — a fast-moving market.
65% of listings have cut prices · homes sell at 98.3% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 13.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92234, Riverside County, CA
Schools in the area are generally characterized by moderate performance metrics within the local district framework.
The region faces typical Southern California climate risks, including high heat and potential for wind-driven wildfire events.
Economic momentum is driven by the Coachella Valley's tourism, hospitality, and service sectors, with ongoing residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents primarily rely on personal vehicles for commuting, with Highway 111 serving as a major arterial corridor connecting to Palm Springs and other valley employment hubs.
The area features access to local parks, golf courses, and proximity to the Santa Rosa and San Jacinto Mountains for outdoor recreation, alongside retail centers along the main thoroughfares.
The rental market shows stable demand with a median asking rent of $3,400, reflecting a mix of long-term residents and seasonal/short-term rental activity common in the Coachella Valley.
The economy is anchored by the tourism and hospitality industries, supported by a growing service sector and retail base serving the Coachella Valley.
The area is served by SunLine Transit Agency bus routes and is accessible via major regional highways including I-10 and Highway 111.
Ongoing development focuses on downtown revitalization and the expansion of residential housing stock to accommodate population growth.
The Riverside County Assessor manages property valuations, adhering to state-mandated assessment practices and Proposition 13 caps.
Parcels may be subject to various special districts, including local water agencies, fire protection districts, and school district assessments.
Property insurance premiums are influenced by regional wildfire risk and the general climate-related insurance market trends in California.
Data retrieved from US Census Bureau ACS tables for ZCTA 92234.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Cabazon Dinosaurs - World's Biggest Dinosaurs4.519.4 mi
- Boomers Palm Springs43 mi
- Get Air Trampoline Park4.14.6 mi
- Escape Room Palm Springs4.95.8 mi
- Chuck E. Cheese4.17.6 mi
- Agua Caliente Resort Casino Spa Rancho Mirage4.32.7 mi
- Indian Wells Tennis Garden4.711.1 mi
- Fantasy Springs Resort Casino4.316.7 mi
- Agua Caliente Casino Palm Springs4.25.1 mi
- Acrisure Arena4.57.3 mi
- Palm Springs Aerial Tramway4.89.2 mi
- Agua Caliente Resort Casino Spa Rancho Mirage4.32.7 mi
- The Living Desert Zoo and Gardens4.79.9 mi
- Agua Caliente Casino Palm Springs4.25.1 mi
- Palm Springs Art Museum4.75.5 mi
- Cabazon Dinosaurs - World's Biggest Dinosaurs4.519.4 mi
- Palm Springs Art Museum4.75.5 mi
- Palm Springs Air Museum4.82.9 mi
- Sunnylands Center & Gardens4.84.1 mi
- Walk of the Stars Palm Springs4.45.3 mi
- Palm Springs Aerial Tramway4.89.2 mi
- The Living Desert Zoo and Gardens4.79.9 mi
- Indian Canyons4.58.7 mi
- Tahquitz Canyon4.55.7 mi
- Palm Desert Civic Center Park4.87.8 mi
- Sunnylands Center & Gardens4.84.1 mi
- Desert Willow Golf Resort4.56.5 mi
- Mission Hills Country Club4.62.4 mi
- Tahquitz Creek Golf Resort4.12.6 mi
- Indian Canyons Golf Resort-South Course4.55.5 mi
- The Shops at Palm Desert4.47.9 mi
- Ralphs4.24.4 mi
- Albertsons4.34.5 mi
- Ralphs Fresh Fare4.37.2 mi
- Ralphs Fresh Fare4.34.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Central recreational space with sports facilities.
Major golf and residential community anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.