Median price for residential apartments in Palmdale, CA as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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1,907 Palmdale, CA, USA apartments for sale
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Palmdale
According to statistics, the population in Palmdale, CA amounts to 157,358, which shows decline 0% compared to the previous year. The median age of the city’s residents is 31. The average household income is $56,699, shifting growth 7% from the past year, and the average property value in Palmdale, CA growth 11% to $229,200 throughout the year.
| Population | 157,358 |
| Median Age | 31.3 |
| Poverty Rate | 19% |
| Household Income | $56,699 |
| Number Of Employees | 60,344 |
| Median Property Value | $229,200 |
Household Income
The average household income in Palmdale, CA grew from $52,801 to $56,699 in the past year. This data is an estimate based upon 44,075 households in Palmdale, CA . The chart below presents how household income is distributed in Palmdale, CA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Palmdale, CA shifted from $207,400 to $229,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Palmdale, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Palmdale, CA properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Palmdale, CA compared to median property taxes around the country. The prevalent amount of property taxes in Palmdale, CA equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Palmdale, CA, USA
Average apartment sale in Palmdale: $517,661 (-0.9%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $461,016 | -5.2% |
| 1-bed apartments | $325,000 | +0% |
| 2-bed apartments | $342,216 | -0.6% |
| 3-bed apartments | $473,637 | -0.2% |
| 4+ bed apartments | $590,175 | +0.2% |
During Dec 2022, the average price for an apartment in/near Palmdale, CA decreased by 0.9% to $517,661.
Knowing the current property prices is key if you plan to buy a studio in Palmdale, CA. The average price for a studio has decreased since the last month, currently being $461,016. After collecting all data points, we now see that the average price for 1-bed apartment stands at $325,000 with no changes this month. Asking price for 2-bed apartment also decreased by 0.6% and a place of this size will now cost you $342,216. A 3-bed apartment goes for $473,637, it decreased by 0.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.2% and made it up to $590,175.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Duplexes for sale | $715,000 | +0% |
| Houses for sale | $520,122 | -0.2% |
| Land for sale | $453,289 | -6.6% |
| Lofts for sale | $653,375 | +0.1% |
| Apartments for sale | $798,125 | +72.3% |
| Condos for sale | $262,083 | +2.8% |
| Townhouses for sale | $925,000 | +0% |
The average cost of an apartment in Palmdale, CA rised by 72.3% to $798,125. Price reports demonstrate that house price decreased by 0.2% this month making it up to $520,122. Condos are really in demand in this season. The median price for a condo increased by 2.8%, it’s now available for $262,083. An average value of duplex is $715,000, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it increased by 0.1%, the price tag now starts at $653,375. Value of the townhouses didn’t change, the price still starts at $925,000. The average price of the land for sale in Palmdale, CA has decreased by 6.6%, and now equals $453,289.
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