ZIP Code · CA

ZIP 92240

Part of Desert Hot Springs, CA

Pop. 41,615·Riverside County·796th most expensive ZIP in California

Median rent (all units)

$2,025/mo

Year-over-Year

+3.6%

Month-over-Month

+0.6%

vs US Median

+$93

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 92240 · $2,025

More expensive than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,600

1 BR

$1,670

2 BR

$2,080

3 BR

$2,780

4 BR+

$3,380

Research median

$2,080/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 92240 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of California

Rent in ZIP 92240 changed +3.6% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($54,023) is $1,351 a month. That is less than HUD's Fair Market Rent for a studio ($1,600).

From Zillow's monthly rent index (ZORI) for ZIP 92240. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,300/yr

At $2,025/mo median

Location

CityDesert Hot Springs

StateCA

CountyRiverside County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.6% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 92240 (Desert Hot Springs, CA) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.

Population

41,615

Median income

$54,023

Median age

35.6

Renters

43.2%

Age distribution

26.2%

22.9%

24.9%

12.2%

13.8%

Under 1826.2%

18–3422.9%

35–5424.9%

55–6412.2%

65+13.8%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

28.7%

65.6%

White28.7%

Black8.3%

Hispanic65.6%

Asian1.7%

Education (25+)

23.2%

31.8%

28.5%

16.5%

No HS diploma23.2%

HS diploma31.8%

Some college28.5%

Bachelor's+16.5%

Housing tenure

56.8%

43.2%

Owner56.8%

Renter43.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 92240 in Desert Hot Springs, CA has changed in 5 years

Rent

$1,819 → $2,025

up 11.3%

Income

$42,155 → $54,023

up 28.2%

Population

39,173 → 41,615

up 6.2%

Renter share

48.7% → 43.2%

-5.5 pts

Bachelor's+

14.4% → 16.5%

+2.1 pts

Rent in ZIP 92240 in Desert Hot Springs, CA has climbed 11.3% since 2023, going from about $1,819 per month to roughly $2,025 today. Median household income grew from $42,155 to $54,023 between 2021 and 2024, a 28.2% shift. Income growth outran rent by about 16.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 39,173 to 41,615 between 2021 and 2024, a 6.2% change. About 43.2% of households rent today, against 48.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 14.4% to 16.5%. Taken together, the five-year picture in ZIP 92240 in Desert Hot Springs, CA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 92240

Last updated: October 17, 2026

ZIP code 92240 covers Desert Hot Springs, CA. The median rent here is $2,025/mo as of October 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $2,080/mo.

At 45% of local median household income ($54,023/yr), ZIP 92240 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 92240?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (about $39/hour full-time) to afford the median rent of $2,025/mo in ZIP 92240. The local median household income is $54,023/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 92240?

Rent in ZIP 92240 has risen 3.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 92240 compare to other ZIPs in California?

ZIP 92240 is one of the more affordable among California ZIP codes for rent, ranking #796 of 898 at $2,025/mo. Over the year to September 2026, rent in ZIP 92240 changed +3.6%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.