Palm Springs - 92264

As of October of 2024, Homes in 92264 ZIP Code have depreciated by -0.49%, with the median home value standing at $599,232, according to Zillow.

There are currently 2,309 active short-term rentals in 92264 ZIP Code. The average daily rate for these rentals is $327. This translates to an annual revenue of $46,454 for short-term rentals as of October of 2024.

92264 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 92264 ZIP Code is 7.75%. However, potential investors should also consider the average property tax, which stands at 0.94% according to SmartAsset.

The median household income in 92264 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 92264 is 57%, which is higher than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 92264 ZIP Code is 6.2%, which is higher than the national average of 4.1%.

The most impactful amenities for short-term rentals in 92264 include a Cleaning before checkout, Garden or backyard, and Piano.

92264 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Los Angeles, CA (16.86% of all guests), San Francisco, CA (4.68% of all guests), and San Diego, CA (4.65% of all guests).

The top short-term rental hosts in 92264 ZIP Code include Vacasa California, Acme and Michael. These hosts have an average rating of 4.56, 4.89 and 4.96 respectively.

The most popular property types in 92264 ZIP Code are 2-bedroom units, with an average daily rate of $327 and an annual revenue of $44,523.

The average booking lead time for short-term rentals in 92264 ZIP Code is 78 days.