Rancho Mirage, CA Real Estate & Homes For Sale

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Rancho Mirage Housing Information

Index	Rancho Mirage	California	National
Median home price	$471,300	$409,300	$184,700
Median rent asked	$1,245	$1,297	$949
Avg. people per household	1.9	3.0	2.6
Owner occupied households	79.1%	54.1%	63.6%
Renter occupied households	20.9%	45.9%	36.4%

The above shows an overview of the real estate market in Rancho Mirage, CA. Note how the median home price for Rancho Mirage, CA runs $471,300, which is 15% higher than the average property price for California. So you’re going to get real estate in Rancho Mirage, CA that is on-average less affordable than what you’ll find in the rest of California. As for rent, the median for Rancho Mirage, CA runs $1,245, which is comparatively 4% lower than the average rent for California. For Rancho Mirage, CA, about 79.1% of the population consist of home owners with about 1.9 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Rancho Mirage, CA offers a wide variety of real estate. To find your perfect home in Rancho Mirage, CA, filter your choice by price, location, and number of beds and baths using the search area above.

Rancho Mirage Home Affordability

When deciding where to purchase Rancho Mirage, CA real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Rancho Mirage, CA the median home price is $471,300 and $66,083 is the median household income. As a result, the home price to income ratio in Rancho Mirage, CA is 7.1x, which is 11% higher than the California average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Rancho Mirage, CA the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Rancho Mirage, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Desert Edge, CA	3,848	$33,600	82%
Sky Valley, CA	2,574	$104,000	44%
Whitewater, CA	821	$109,200	41%
Garnet, CA	6,297	$111,200	40%
Desert Hot Springs, CA	28,092	$143,300	22%
Rancho Mirage, CA	17,876	$471,300	155%

Cities with similar population

City, State	Population	Home Price	National Avg.
Oswego, NY	17,880	$84,100	54%
Farmington, MO	17,881	$119,500	35%
Sheridan, WY	17,866	$204,300	11%
St. Marys, GA	17,853	$173,200	6%
Monroe, WA	17,906	$261,600	42%
Rancho Mirage, CA	17,876	$471,300	155%

Source: The Rancho Mirage, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).