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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cathedral City, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cathedral City, CA Housing Market Trends

With a population of 52,494, 18,868 total housing units (homes and apartments), and a median house value of $568,800, real estate costs in Cathedral City are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Cathedral City, accounting for 57.50% of the city's housing units. Other types of housing that are prevalent in Cathedral City include large apartment complexes or high rise apartments ( 13.21%), duplexes, homes converted to apartments or other small apartment buildings ( 11.71%), and a few mobile homes or trailers ( 9.45%).

The most prevalent building size and type in Cathedral City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.65% owning and 36.35% renting.

There is a lot of housing in Cathedral City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cathedral City built between 2000 and later ( 23.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.33%). There's also some housing in Cathedral City built before 1939 ( 1.01%).

Vacant housing appears to be an issue in Cathedral City. Fully 19.21% of the housing stock is classified as vacant. Left unchecked, vacant Cathedral City homes and apartments can be a drag on the real estate market, holding Cathedral City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cathedral City Home Appreciation Rates

In the last 10 years, Cathedral City has experienced some of the highest home appreciation rates of any community in the nation. Cathedral City real estate appreciated 150.53% over the last ten years, which is an average annual home appreciation rate of 9.62%, putting Cathedral City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cathedral City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Cathedral City appreciation rates have trailed the rest of the nation. In the last twelve months, Cathedral City's appreciation rate has been 4.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cathedral City were at 2.59%, which equates to an annual appreciation rate of 10.76%.

Relative to California, our data show that Cathedral City's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cathedral City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cathedral City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cathedral City real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$568,800

Cathedral City, CA Home Prices
> $1,419,000
$1,064,001 - $1,419,000
$709,001 - $1,064,000
$568,001 - $709,000
$426,001 - $568,000
$284,001 - $426,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
3.3%
3.3%
4.7%
4.7%
19.0%
19.0%
19.2%
19.2%
29.6%
29.6%
13.4%
13.4%
4.8%
4.8%
3.1%
3.1%
2.9%
2.9%
0% 100.0%
% of Homes
Average

for California

Very High

for nation

Number of Homes And Apartments:

18,868

Cathedral City Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,633 / per month

Homeownership Rate

Owners
Renters
63.6%
63.6%
36.4%
36.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.2%
19.2%
80.8%
80.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.6%
23.6%
63.1%
63.1%
12.3%
12.3%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.5%
57.5%
7.4%
7.4%
11.7%
11.7%
13.2%
13.2%
9.4%
9.4%
0.7%
0.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
10.7%
10.7%
30.9%
30.9%
40.7%
40.7%
14.6%
14.6%
1.2%
1.2%
0% 100.0%
% of Homes