Cathedral City, California Housing Market Prices
Cathedral City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 47% below the California median$343,501
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Median rent 23% below the California median$1,570
Housing Market Overview
| Metric | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $343,501 | $650,794 | $248,835 |
| Price Trend (Annual %) | 6.0% | 8.9% | 7.5% |
| Median Gross Rent | $1,570 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cathedral City is about 47% lower than in California. Rent is about 23% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cathedral City, up about 6.0% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Cathedral City rose about 40.9% between 2015 and 2024, from $1,114 to $1,570. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Cathedral City.
Buying the median-priced home in Cathedral City costs roughly 18.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cathedral City. The price-to-rent ratio in California is about 26.6.
| Metric | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $343,501 | $650,794 | $248,835 |
| Median Household Income | $75,804 | $99,161 | $80,455 |
| Price-to-Income Ratio | 4.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cathedral City rose about 64.3%, while median household income rose about 48.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 51.7% | 58.5% |
| Rental Rate | 27.3% | 40.8% | 31.2% |
| Vacancy Rate | 17.0% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Cathedral City has a homeownership rate of 55.7%, higher than the California average of 51.7%. Its housing vacancy rate is 17.0%, compared with 7.5% in California.
Housing Stock
| Metric | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1986 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in Cathedral City was built around 1986. On average, 2.7 people live in a home with about 4.9 rooms, staying for about 12.0 years on average.
Cathedral City, CA Housing Compared With Nearby Cities
How Cathedral City, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cathedral City, CA | 45,926 | $343,501 #2/2 | $1,570 #1/2 | 67.1% #1/2 |
| Palm Springs, CA | 49,341 | $430,026 | $1,569 | 66.2% |
Frequently Asked Questions
Common questions about the housing market in Cathedral City, California.
What is the median home price in Cathedral City, California?
The median home price in Cathedral City, California is $343,501, lower than the California average of $650,794.
What is the average home price in Cathedral City, California?
The typical home price in Cathedral City, California, reported as the median sale price, is $343,501. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cathedral City, California?
The median gross rent in Cathedral City, California is $1,570 per month, lower than the California average of $2,036.
What was the median gross rent in Cathedral City in 2020?
In 2020, the median gross rent in Cathedral City, California was $1,225 per month.
What is the price-to-rent ratio in Cathedral City, California?
The price-to-rent ratio in Cathedral City, California is about 18.2, meaning it would take roughly 18.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cathedral City.
Are home prices or rent rising faster in Cathedral City, California?
Both home prices and rent are rising in Cathedral City, up about 6.0% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cathedral City, California?
55.7% of households in Cathedral City, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Cathedral City, California?
The housing vacancy rate in Cathedral City, California is 17.0%, higher than the California average of 7.5%.
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