Co-own real estate report: Twentynine Palms and Joshua Tree, California

Once a sleepy and small desert down, Twentynine Palms has grown into a destination that more than holds its own. The area boasts beautiful natural surroundings and a friendly, small-town vibe. As a gateway to adventure and national parks, it’s no wonder new accommodations are popping up left and right in Twentynine Palms and Joshua Tree.

Twentynine Palms is located halfway between Los Angeles and Las Vegas, and Big Bear Lake and Palm Springs are also within a stone’s throw. But, most importantly, at your doorstep is Joshua Tree National Park, Mojave Trails National Monument, Mojave National Preserve, and the California Deserts. Plus, Coachella Valley – with its 250,000 annual attendees – is only about an hour away, too.

Each year, nearly 3 million visitors descend on Twentynine Palms and Joshua Tree. With its revered beauty, boulder piles, unbeatable vistas, and twisted Joshua Trees, it’s no wonder why. There is something for everyone, including sightseeing, dining, shopping, arts, hiking, rock climbing, stargazing, cultural activities and so much more.

What makes Twentynine Palms and Joshua Tree attractive for co-owning?

With its temperate weather, Twentynine Palms draws a steady stream of tourists year-round. Whether it’s a family visiting the parks for a long weekend, relatives traveling to spend time with a loved one at the Twentynine Palms Marine Base, or a group of friends attending the Joshua Tree Music Festival, millions visit the area each year to make fond memories.

35.8% job growth over the next 10 years 👨‍🔧👩‍💼

24 years old is the median age in Twentynine Palms 😀

$247.1K median sold home price 🏠

2.3% job growth year over year 📢

130% home appreciation in the last 10 years 📈

Short term rentals in Twentynine Palms

72% occupancy rate on Airbnb.

$3,900/month average revenue on Airbnb

89/100 rental demand in this market

With low average home prices and high rental demand, Twentynine Palms offers an attractive Airbnb revenue stream. A steady stream of year-round tourists help boost occupancy rates. If it seems like U.S. national parks have gotten more crowded over the last couple of years, you’re not mistaken. Throughout the pandemic, Americans are vacationing domestically, and national parks continue to shatter attendance records.

Other notable destinations

Marine Corps Air Ground Combat Center – 29 Palms

The Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, is the largest Marine Corps base in the United States. It covers more than 1,100 square miles of the high desert, making it larger than some small countries. Nearly 25,000 active duty, family members, Department of Defense/contractors and retirees make up the population.

Funky Downtown Joshua Tree

When you arrive in downtown Joshua Tree, you’ll notice there are no fast-food restaurants, supermarkets, strip malls or high-rise luxury condos in the town. This is by design. The residents have worked hard to support small business owners and keep their town authentic.

Desert Hot Springs

In need of an escape? Take a weekend to head to Desert Hot Springs to destress. Also known as California’s Spa City, Desert Hot Springs is home to some of the purest hot and cold mineral springs in the world. From minimalist to luxurious, you’re sure to find a rejuvenating experience that meets your needs.

Gateway to the Mojave Desert

Drive to in 4 hours of less

• Los Angeles
• San Diego
• Phoenix
• Las Vegas
• Palm Springs
• Irvine, California

Parks within a 4-hour drive

• Joshua Tree National Park
• Mojave National Preserve
• Death Valley National Park

Twentynine Palms cobuy opportunities

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63541 Walpi Drive, Joshua Tree, CA 92252

Asking price: $399,000

Estimated down payment: $79,800

Estimated mortgage: $2,302/month

Estimated rental revenue: $2,149/month

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64815 Sun Mesa Road, Joshua Tree, CA 92252

Asking price: $435,000

Estimated down payment: $87,000

Estimated mortgage: $2,510/month

Estimated rental revenue: $2,149/month

68390 Siesta Dr, Twentynine Palms, CA 92277

Asking price: $875,000

Estimated down payment: $175,000

Estimated mortgage: $5,049/month

Estimated rental revenue: $3,273/month

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Sources:

• Twentynine Palms economy
• Twentynine Palms rental data
• Twentynine Palms home values
• Twentynine Palms Airbnb Calculator

Nestment, Inc. does not guarantee and is in no way responsible for the accuracy of information provided in this blog post. All information is provided “AS IS” and with all faults. Data presented here may not reflect all real estate activity in the market.  While the information on this site is about legal and tax issues, it is not intended as legal or tax advice or as a substitute for the particularized advice of your own attorney and tax professional.