Performance indicators for the Rancho Mirage short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
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Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
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Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Rancho Mirage.
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Unfriendly to Investors
STRs are prohibited citywide with no legal pathway; the ban covers advertising and all forms of rentals under 27 days, with $5k–$10k fines, liens, injunctions, and active enforcement, making investment infeasible.
Local STR Agent
STR specialist · Rancho Mirage, CA
Rancho Mirage is a city in Riverside County, California, United States. The city is a low-density desert-resort community with resorts, golf courses, and country clubs within the Colorado Desert section of the Sonoran Desert. Nestled along the foothills of the Santa Rosa Mountains in the south, it is located several minutes east of Palm Springs. The city is adjacent to Cathedral City, Palm Desert, and unincorporated Thousand Palms. The population was 16,999 at the 2020 census, down from 17,218 at the 2010 census, though the seasonal population can exceed 20,000. Incorporated in 1973, Rancho Mirage is one of the nine cities of the Coachella Valley.Rancho Mirage is home to a number of celebrities past and present, including Don Sutton, Frank Sinatra, Dean Martin, Bing Crosby, Sammy Davis Jr., Lucille Ball, Bob Hope, Billie Dove and Gerald and Betty Ford. The city has been nicknamed "Playground of the Presidents" and "Golf Capital of the World." The city has hosted and currently hosts a variety of golf and tennis tournaments, including the Ryder Cup, Desert Classic (PGA Tour), Davis Cup, and the LPGA Tour (Chevron Championship).