Renting or buying: Where do Coachella Valley residents stand?

THOUSAND PALMS, Calif. (KESQ) — Whether you're renting or buying, one thing remains consistent: The desire for affordable housing.

California ranks second in average home price, behind only Hawaii, according to a SmartAsset study.

Additionally, California ranks No. 48 when it comes to homebuyers under the age of 35. So, what does this mean?

Well, trends show renting has become a undesirable, but necessary, compromise. And with rent prices becoming more expensive than home buying, it's become more difficult for people to save for a down payment, according to Southern California Association of Governments.

Additionally, homeowner ship by inheritance in California is at an all-time high, with 18% or 60,000 of all property transfers being from inheritance in 2025, according to the California Land Title Association.

Tonight, News Channel 3 is speaking with residents and officials to learn where home buying trends are taking California.