Is Palm Desert, CA a good place to invest in rental property?

Palm Desert, CA has a median modeled monthly cash flow of $-1,320 and a median cap rate of 3.2%, on a median sold price of $550,000. Prices changed -2.4% year over year.

What is the average cap rate in Palm Desert, CA?

The median cap rate across recently sold homes in Palm Desert, CA is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palm Desert, CA?

The median sold price in Palm Desert, CA is $550,000 (about $323 per square foot).

Investing in Palm Desert, CA Real Estate

A data-driven snapshot of the Palm Desert, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$550,000Median sold price

$323Median $/sqft

3.2%Median cap rate

$-1,320Modeled cash flow / mo

-2.4%Appreciation YoY

11.3Months of supply

1,412Active listings

1,498Sold (last 12 mo)

What the Palm Desert numbers say

In Palm Desert, CA, the median home sold for $550,000 (about $323 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,320 of monthly cash flow. Sold prices moved -2.4% over the past year. Inventory sits at about 11.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 11 fix-and-flip deals in Palm Desert — listings where the estimated after-repair value beats list price + rehab.

Other California markets to compare

See Palm Desert cash-flowing listings

CashFlowRE ranks every for-sale home in Palm Desert, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Palm Desert deals, or browse the national market data.