Palms Home Values Are Up 1.1% This Year. Rent Is Down More Than That.

Published July 26, 2026

Zillow puts the typical Palms home value at $1,187,600, up 1.1% year over year. Zumper puts median rent at $2,456 a month, down 5% over that same year. Values held. Rent softened.

Zillow's home value index for Palms sits at $1,187,600, up 1.1 percent from a year ago. Zumper's median rent for the same neighborhood sits at $2,456 a month, down 5 percent over that same year. Home values held essentially flat while rent cooled. If you own a rental in Palms, that gap between the two numbers matters more than either number alone.

What Zillow's numbers actually show

I checked Zillow's Home Values page for Palms directly before writing this. As of the update dated June 30, 2026, the Zillow Home Value Index for Palms is $1,187,600, up 1.1 percent year over year. That index is a modeled estimate built from monthly changes across every Zestimate in the neighborhood, whether or not that specific home sold recently. It moves slowly by design, because it smooths across the whole area rather than reacting to any single sale.

A 1.1 percent gain over a full year is close to flat. It is not the kind of number that makes headlines, and that is the point. Palms home values are not swinging wildly right now. They are holding.

For an owner, flat is a useful signal on its own. It means the underlying equity in a Palms property has not been eroding over the past twelve months, even during a stretch when plenty of other coverage areas have seen sharper swings in one direction or the other. It also means you should not expect a windfall from appreciation alone right now. Whatever return your Palms property is generating this year is coming mostly from rent and operations, not from the market lifting the asset's value for you.

Rent tells a different story

While home values barely moved, rent moved more. Zumper's Palms rental market data, updated July 25, 2026, puts median rent in Palms at $2,456 a month. That is up 2 percent over the past month, but down 5 percent from a year ago. It is still 27 percent above the national average rent, or about $526 more a month than a typical U.S. renter pays. There were 129 active rentals listed on Zumper for Palms at the time I checked.

So rent in Palms is still well above the national average, but it has softened over the past year even as it ticked up in the most recent month. That is a meaningfully different trend line than the nearly flat value picture Zillow shows.

A premium above the national average is not the same thing as a rising premium. Palms rent staying 27 percent above the national figure tells you the neighborhood is still commanding real demand relative to the rest of the country. The 5 percent pullback from a year ago tells you that demand has cooled somewhat at the local level, even if it has not disappeared. Both facts are true of the same market at the same time, and an owner who only reads one of them gets half the picture.

Why values and rent are not moving together

A home value index and a rent index measure different things, and they update on different rhythms. Zillow's index is a model of what every home in the area is worth, sold or not, and it changes slowly because it is smoothed across hundreds of properties. Zumper's rent figure comes from actual current listings, which react faster to what renters are willing to pay right now, this month, in a market with 129 units competing for tenants.

That is most likely what is happening in Palms. Values have not corrected because the ownership side of the market has not needed to. Rent has softened because renters have more current options to choose from and landlords are pricing to fill units. Neither number is wrong. They are just answering different questions on different timelines.

What this means for your building

If you own a rental in Palms, the value line and the rent line matter for different decisions. The value line matters if you are thinking about selling, refinancing, or figuring out your equity position. A 1.1 percent gain means your building has probably held its value over the past year, roughly in line with the broader index, even if your specific unit has its own story based on condition and improvements.

The rent line matters for your cash flow, right now. A 5 percent year over year softening in the neighborhood median is worth knowing before you set or renew a lease rate, especially with 129 active listings giving renters real choices. That does not mean you need to cut your rent. It means you should price against what is actually listed today, not against what rent was doing a year ago or what a neighborhood average implies about your specific unit, floor plan, and condition.

Your building is neither of these numbers. Its value depends on its own condition, its actual rent roll, its unit mix if it has more than one unit, and the truly comparable sales and listings near it, not a neighborhood wide average pulled from a website that updates once a month. This is exactly the gap Schofield's financial model is built to close. Instead of leaning on whichever index happens to be more flattering that month, we build a valuation and a rent strategy off your property's real numbers, actual rents, actual expenses, and actual comparable sales, so you know what your building is worth and what it should rent for, rather than what an algorithm thinks the neighborhood averages out to.

Common questions

Is Palms a good market for owners right now?

The two numbers point in different directions on purpose. Home values, measured by Zillow's index, are essentially flat, up 1.1 percent over the past year. Rent, measured by Zumper's current listings, is down 5 percent over that same year even after a recent monthly uptick. Neither number alone tells you whether now is a good time to buy, sell, or hold. Your specific property, its condition, and its actual rent roll matter more than either index.

Why would home values hold flat while rent is falling in the same neighborhood?

They are measuring different things on different timelines. A home value index models what every home in an area is worth based on smoothed data across many properties, so it moves slowly. A rent figure reflects what current listings are actually asking, which reacts faster to how many units are competing for tenants right now. In Palms, the value side has held while the rent side has softened.

How many rentals are currently listed in Palms?

As of July 25, 2026, Zumper showed 129 active rental listings in Palms. That is useful context for how much competition a landlord faces when pricing a vacant unit. Check current listings directly when you are pricing a unit, since this figure changes.

Last verified: July 26, 2026. Zillow figures from Zillow's Palms Home Values page, updated June 30, 2026. Zumper rent figures from Zumper's Palms rental market page, updated July 25, 2026. All figures move over time and can update before you read this. This is general information for property owners, not investment or appraisal advice. Confirm current valuation, comparable sales, and rent pricing with a licensed appraiser, broker, or property manager before making any financial decision.

Kellie

Schofield Properties

323 Richmond Street, El Segundo, CA 90245

Topics: investing, palms, westside, market-trends

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