The Palm Springs area, consisting of well-established neighborhoods of desert area cities, is also known as the Coachella Valley in central Riverside County. Palm Springs nearly covers a geographical area of ninety-six square miles and is enriched with culture, history and a beautiful landscape. The shopping, entertainment, dining and recreational facilities provided for residents are world-class. In the past few years, the year round good weather, abundant nature and close proximity to Los Angeles have made it a popular destination for tourists of all ages. More and more people who are tired of the winter season are flocking to Palm Springs to take advantage of some of the pristine real estate still available in this beautiful area. With a growing population and a growing number of tourists, Palm Springs continues to experience a bright economy. It has also resulted in a boom in real estate. Nearly 60% of Palm Springs area residents have moved into greater Palm Springs metro area in the last decade. Approximately 50 people move to Palm Springs each day, and with the attractive and rising real estate values and great interest in the area housing values are expected to continue to increase. Even with increasing property values, Palm Springs residential real estate continues to be affordable. The average price of a home in Palm Springs is $386,148. Palm Springs has a population of approximately 50,000, with an average income of $69,000. The average temperature in January is around 58 degrees and 92 in July. The median age in Palms Springs is 45 with an average household size of 2.05. |
