The story of this market
The typical home in ZIP 92240 sells for about $399,000, or $219 per square foot.
Prices are down 1.3% from a year ago, which gives buyers more room to negotiate. Homes take about 116 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,462 a month.
ZIP 92240 — Desert Hot Springs
The Desert Hot Springs housing market is currently experiencing a period of price stabilization with a median sale price of approximately $399,000. While inventory remains available, the market is seeing a slight year-over-year decline in pricing, reflecting broader regional trends in the Coachella Valley. Demand is supported by the area's relative affordability compared to neighboring desert cities.
This ZIP is well-suited for budget-conscious family buyers, retirees seeking spa-resort amenities, and investors looking for entry-level desert properties.
Median prices moved down 1.3% year over year.
Homes spend a median of 116 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 16.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92240, Riverside County, CA
The area is served by the Palm Springs Unified School District, which manages local public education facilities.
The region faces significant wildfire and extreme heat risks characteristic of the Coachella Valley desert environment.
Economic momentum is driven by the tourism and hospitality sectors, particularly the city's famous mineral water spa industry.
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 commute via CA-62 toward the Coachella Valley employment hubs of Palm Springs and Palm Desert.
The area features numerous natural mineral hot spring resorts, proximity to Joshua Tree National Park, and local community parks.
The rental market is characterized by a high demand for affordable housing, with significant interest from seasonal visitors and long-term residents.
The local economy is anchored by the hospitality, spa, and tourism industries, with additional employment provided by retail and public services.
Transportation is heavily reliant on private vehicles, with CA-62 serving as the primary arterial corridor for regional access.
Development is focused on expanding residential capacity and enhancing the infrastructure supporting the city's spa-tourism corridor.
The Riverside County Assessor manages property valuations, with assessments typically updated upon property transfer or new construction.
Parcels may be subject to various special district assessments, including those for water, sewer, and local school district bonds.
Property insurance premiums are influenced by the area's high-risk classification for wildfire and extreme heat events.
Data sourced from US Census Bureau ZCTA profiles.
- Cabazon Dinosaurs - World's Biggest Dinosaurs4.513.8 mi
- Boomers Palm Springs412.3 mi
- Get Air Trampoline Park4.114.5 mi
- Escape Room Palm Springs4.97.6 mi
- Chuck E. Cheese4.118.2 mi
- Agua Caliente Resort Casino Spa Rancho Mirage4.312.6 mi
- Agua Caliente Casino Palm Springs4.29.5 mi
- Pappy & Harriet's4.513.6 mi
- Acrisure Arena4.517 mi
- Palm Springs Convention Center4.59.5 mi
- Palm Springs Aerial Tramway4.89.7 mi
- Agua Caliente Resort Casino Spa Rancho Mirage4.312.6 mi
- Agua Caliente Casino Palm Springs4.29.5 mi
- Palm Springs Art Museum4.79.6 mi
- Forever Marilyn4.89.6 mi
- Cabazon Dinosaurs - World's Biggest Dinosaurs4.513.8 mi
- Palm Springs Art Museum4.79.6 mi
- Palm Springs Air Museum4.89.2 mi
- Sunnylands Center & Gardens4.814.6 mi
- Walk of the Stars Palm Springs4.49.7 mi
- Palm Springs Aerial Tramway4.89.7 mi
- Tahquitz Canyon4.510.6 mi
- Whitewater Preserve4.87 mi
- Moorten Botanical Garden4.611.2 mi
- Demuth Park4.410.9 mi
- Mission Hills Country Club4.613 mi
- Tahquitz Creek Golf Resort4.111.7 mi
- Escena Golf Club4.59.2 mi
- Indian Canyons Golf Resort-South Course4.512.5 mi
- Cimarron Golf Resort4.49.7 mi
- Ralphs4.210.1 mi
- Albertsons4.38 mi
- Ralphs Fresh Fare4.311.3 mi
- Ross Dress for Less4.210.3 mi
- Vons4.212.1 mi
- Palm Springs International Airport4.49.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
World-renowned desert landscape located a short drive from the ZIP.
A collection of boutique hotels and resorts featuring natural mineral water.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.