Palmdale real estate market overview
- Average Monthly Rent: $1,338
- Home Price/Value Percentage Change: 6.2%
- Median Home Value: $340,320
- Best Time To Sell a Home: June
- Affordability Index: High
- Days To Sell a House: 25
- Job Market: Weak
- Public School Ranking: 46
Selling a home in Palmdale, CA
The median home value in Palmdale is $340,320, but that number is predicted to fall by 0.4% within the next year. As a homeowner in this California city, it's suggested to sell during the months of June or May. During June, home sales are 3.39% higher than the yearly average. During May, home sales are 7 days faster than the sales of any other month.
Selling a home is a time-consuming process, that requires days or even weeks of cleaning, staging, doing repairs, and hosting open houses. If you don't have the luxury of time, consider working with an iBuyer. They'll handle the stressful steps for you, and at a fair price.
Location and weather
Palmdale is located in the Antelope Valley region of Los Angeles County, just 60 miles from the city of Los Angeles. It's also near the Mojave Desert, and is in close proximity to Santa Monica. In this city, there's equal opportunity for both in-door and out-door activity. Several popular spots here include Blackbird Airpark, DryTown Water Park, Barrell Springs Trail, Palmdale Amphitheatre, and Lamont Odette Vista Point. There are also golf courses, kid-friendly attractions, like Paintball USA and Imagine City, as well as malls, parks and breweries.
Palmdale's high quality of life is maintained by the abundance of amenities and comfortable climate that's offered here. It's also known for its diverse population, with a primarily Hispanic/Latino demographic. While it is a more expensive place to live, it's known as a great place for families, young adults, and those seeking employment opportunities. Thanks to the public transportation available, it's also fairly easy to get around.
The weather in Palmdale is made up of hot, clear summers and cold, cloudy winters. Summer temperatures reach highs in the 90's and drop to lows in the 50's. Winter temperatures reach highs in the 50's and drop to lows in the 30's.
Population, job market and cost of living
The population in this city is 156,299.
The job growth here has increased by 0.7% over the last year and in ten years, is predicted to have increased by 30.5%. Some of the major industries in this city are health care and social assistance, retail trade, and manufacturing. The highest paying industries include utilities, mining, quarrying, oil and gas extraction, and public administration. Several large companies to work for here include University of Southern California, SpaceX, Walt Disney Company, Kaiser Permanente, and Bank of America.
The cost of living is higher than the national average, which makes it a more expensive place to live. Although, it is lower than California's overall average. This makes it one of the more affordable cities to live in, in California. In true California style, this city provides residents with a life full of scenic views and an abundance of entertainment. If you're hoping to live in California, take a trip to Palmdale. It might just be the perfect place for you to call home.
Palmdale real estate market details
- Angeles Forest Hwy/Carson Mesa Rd
- Leona Valley
- Quartz Hill
- Sierra Hwy/Pearblossom Hwy
- Four Points