Palmdale, California Housing Market Prices
Palmdale 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 33% below the California median$434,682
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Median rent 12% below the California median$1,792
Housing Market Overview
| Metric | Palmdale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,682 | $650,794 | $248,835 |
| Price Trend (Annual %) | 10.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,792 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Palmdale is about 33% lower than in California. Rent is about 12% 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 Palmdale, up about 10.2% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Palmdale rose about 53.0% between 2015 and 2024, from $1,171 to $1,792. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Palmdale.
Buying the median-priced home in Palmdale costs roughly 20.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Palmdale. The price-to-rent ratio in California is about 26.6.
| Metric | Palmdale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,682 | $650,794 | $248,835 |
| Median Household Income | $80,742 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Palmdale rose about 124.3%, while median household income rose about 39.6% 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 | Palmdale | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 51.7% | 58.5% |
| Rental Rate | 32.7% | 40.8% | 31.2% |
| Vacancy Rate | 4.3% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Palmdale has a homeownership rate of 63.0%, higher than the California average of 51.7%. Its housing vacancy rate is 4.3%, compared with 7.5% in California.
Housing Stock
| Metric | Palmdale | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.54 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1989 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.0 | 5.5 |
The typical housing unit in Palmdale was built around 1989. On average, 3.5 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Palmdale, CA Housing Compared With Nearby Cities
How Palmdale, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Palmdale, CA | 163,756 | $434,682 #2/2 | $1,792 #1/2 | 65.8% #1/2 |
| Lancaster, CA | 170,225 | $440,736 | $1,749 | 59.7% |
Frequently Asked Questions
Common questions about the housing market in Palmdale, California.
What is the median home price in Palmdale, California?
The median home price in Palmdale, California is $434,682, lower than the California average of $650,794.
What is the average home price in Palmdale, California?
The typical home price in Palmdale, California, reported as the median sale price, is $434,682. 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 Palmdale, California?
The median gross rent in Palmdale, California is $1,792 per month, lower than the California average of $2,036.
What was the median gross rent in Palmdale in 2020?
In 2020, the median gross rent in Palmdale, California was $1,317 per month.
What is the price-to-rent ratio in Palmdale, California?
The price-to-rent ratio in Palmdale, California is about 20.2, meaning it would take roughly 20.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Palmdale.
Are home prices or rent rising faster in Palmdale, California?
Both home prices and rent are rising in Palmdale, up about 10.2% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Palmdale, California?
63.0% of households in Palmdale, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Palmdale, California?
The housing vacancy rate in Palmdale, California is 4.3%, lower than the California average of 7.5%.
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