Cathedral City is one of the newer communities in the Coachella Valley, having just been incorporated in 1981. It is a natural extension of the Palm Springs real estate market, starting out in 1925 as a housing subdivision. The town’s name goes back a long way to 1850 when the area was named after the rock formations that mark its western boundaries.
The city has both newer and more established neighborhoods of single family houses and condominiums. Cathedral City has become the second largest community in the valley, with a population of 51,200 (2010 census). Properties for sale here are less expensive than those in Palm Springs.
Since its incorporation, the city has embarked on an aggressive expansion program to create a vibrant city center to attract new businesses. That effort is starting to see results with a major five year infra-structure project initiated in 2006 for The Cove area. In addition a new “mixed use” entertainment and gaming center is to be built by the Aqua Caliente Band of Cahuilla Indians in downtown Cathedral City.
The average housing price for all types of residential housing as of March 2017 is $234.000. The per capita income (2013) is $19,674; the median household income is $43,128.