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Palmdale real estate market overview
- Average Monthly Rent: $1,827
- Home Price/Value Percentage Change: -1.60%
- Median Home Value: $472,145
- Best Time To Sell a Home: December
- Affordability Index: Low
- Days To Sell a House: 69
- Job Market: Weak
- Public School Ranking: 40
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 174,460.
The job growth here has decreased by -12.21% over the last year and in ten years, is predicted to have increased by 30.53%. 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 APS Group, Crissair, DP Commercial Brokerage, City of Palmdale and The Palmdale Aerospace Academy.
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
- Rancho Vista
- Joshua Hill
- Lincoln
- Anaverde
- Desert View Highlands
The average monthly rent in Palmdale is $1,827 for an average apartment size of 832 sq. feet.
There has been a -1.6% decrease in median home value over the last year. As of 2023, the median home value is $472,145.
On average, homes in Palmdale sell after 69 days on the market.
The best time to sell a home for the highest valued sale is during December. For the quickest sale, homeowners should sell in September.
The affordability index in Palmdale is 132. This number indicates low affordability in this city.
The top ranked public schools are Gregg Anderson Academy, Hillview Middle School, Anaverde Hills, Antelope Valley Rop Elementary School and Barrel Springs Elementary School. This information is based on data measuring academic performance and equity.