Characterized by clean air and blue skies, the peaceful Riverside County town of Indio is located at sea level alongside Interstate 10 within the Coachella Valley. Home to 80,000 permanent residents, Indio is known as a premier desert resort and attracts more than 500,000 tourists each year.
The city's sphere of influence encompasses nearly 42 square miles. One of the reasons Indio attracts so many visitors is partially due to its central location approximately 75 miles north of the Baja California-Mexican border, 125 miles east of Los Angeles and 15 miles east of Palm Springs. The area is also the halfway point for Southern Californians taking weekend or holiday trips to the Colorado River or the Glamis Off-Road recreational facilities. Another major tourist draw is the number of festivals and special events Indio hosts each year, earning the nickname "City of Festivals."
Like the rest of the southern part of the state, Indio boasts a fabulous, mild Mediterranean climate. Summers are generally hot and sunny with temperatures in the 90s and 100s, while winters are pleasant with average temperatures in the mid- to high 70s. Thanks to this outstanding weather, outdoor recreation is popular year-round. Golfing on the Indio Municipal Golf Course, hiking through the canyons of the nearby Indio Hills park property or fishing in 135-acre Lake Cahuilla are just a few of the ways Indio residents get out and enjoy nature. Indio's warm weather is also perfect for agriculture, one of its major early industries.
Indio Real Estate Market - Price Range of Indio Houses for Sale
Indio's real estate market is made up of an affordable mix of southwestern-style condominiums, townhouses and single-family homes. The town's desert valley location allows residents to remain secluded from neighboring cities while still offering easy access to big city life. Condominiums and townhouses in Indio start under $100,000 for modern 2-bedroom units with features such as community swimming pools and scenic views. Prices can range up to $300,000 and more for larger models boasting golf course, garden, park and/or valley views.
Single-family detached homes in Indio start around $80,000 for smaller, older properties, though prices can exceed $2 million for newer estate-style homes and mansions. These properties are located on large lots with mature landscaped yards and gardens and many feature swimming pools and spectacular panoramic water, city, hill, and/or mountain views. Land and lots are available for custom building.
Indio Real Estate Stats and Trends for the week of February 20th, 2019: homes priced around $494,513 compared to $558,230 the previous week, showing a decrease of less than -13%. For Wednesday, February 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.