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ZIP Code · CA

ZIP 92240

Pop. 41,615·Riverside County·818th most expensive ZIP in California
Median rent (all units)
$1,978/mo
Year-over-Year
+2.6%
Month-over-Month
+3.2%
vs US Median
+$13
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 92240 · $1,978
More expensive than 59% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$23,736/yr
At $1,978/mo median
Location
StateCA
CountyRiverside County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.6% YoY, +3.2% 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

2021 vs 2026

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

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

Median household income grew from $42,155 to $54,023 between 2021 and 2024, a 28.2% shift. 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%.

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About renting in ZIP 92240

Last updated: July 20, 2026

ZIP code 92240 covers Desert Hot Springs, CA. The median rent here is $1,978/mo as of July 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $2,080/mo.

At 44% of local median household income ($54,023/yr), ZIP 92240 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 92240?

As of July 20, 2026, the median monthly rent in ZIP 92240 (Desert Hot Springs, CA) is $1,978. This is based on aggregated data from public sources and community submissions.

How does ZIP 92240 rent compare to the US average?

ZIP 92240's median rent of $1,978/mo is $13 (1%) above the US national median of $1,965/mo.

How does ZIP 92240 compare to other ZIPs in California?

ZIP 92240 is among the more affordable ZIP codes in California, ranking #818 out of 907 ZIPs at $1,978/mo.

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 $79,000/year (~$38/hour full-time) to afford the median rent of $1,978/mo in ZIP 92240. The local median household income is $54,023/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 92240?

Rent in ZIP 92240 has increased 2.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 92240 an affordable place to rent?

ZIP 92240 is considered stretched for renters. At $1,978/mo, rent takes approximately 44% of the local median household income ($54,023/yr). The standard benchmark is 30%. ZIP 92240 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 92240 residents rent vs. own?

According to Census data, approximately 43.2% of ZIP 92240 households are renters, while 56.8% are owner-occupied. ZIP 92240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 92240 compare to the rest of Desert Hot Springs?

ZIP 92240 is pricier than Desert Hot Springs as a whole. At $1,978/mo, it's $8 above the Desert Hot Springs citywide median of $1,970/mo.

When was rent data for ZIP 92240 last updated?

Rent data for ZIP 92240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
44%
STRETCHED

At $1,978/mo, rent takes ~44% of ZIP 92240's median household income ($54,023/yr). The standard benchmark is 30%.

ZIP 92240 44%Benchmark 30%
State income tax1–13.3%
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