Palo Alto, CA Housing

Palo Alto, CA is a wealthy community with an incredibly high median housing value of $3,107,600. This amount is over nine times higher than the national median housing value of $338,100. While the US has seen an 8.27% appreciation rate in house prices over the past year, Palo Alto, CA has seen an even greater growth of 13.06% appreciation. This shows that real estate remains a strong investment option in Palo Alto and makes it a highly desirable location for professionals and families looking to settle down.

The median home cost in Palo Alto is $3,107,600. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Palo Alto is up 23.8%.

Average Age of Homes

- The median age of Palo Alto real estate is 55 years old

The Rental Market in Palo Alto

- Renters make up 42.7% of the Palo Alto population
- 3.2% of houses and apartments in Palo Alto, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Palo Alto, California	United States
	28,560.0	139,647,020.0
	59	42
	$3,107,600	$338,100
	23.8%	16.6%
	18.5%	57.0%
	73.2%	101.1%
	$7.38	$10.98
	$10,001	$2,690
	50.9%	57.4%
	8.9%	11.2%
	40.2%	31.4%
Vacant Housing
	3.2%	1.9%
	1.6%	0.4%
	0.3%	0.7%
	0.6%	0.4%
	0.8%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.0%	2.4%
	0.1%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.1%	11.3%
	0.3%	13.0%
	0.5%	20.1%
	0.6%	13.6%
	0.5%	8.3%
	1.7%	9.7%
	2.4%	3.9%
	8.0%	2.2%
	9.2%	0.8%
	75.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	6.1%	13.6%
	6.4%	13.2%
	12.3%	14.8%
	6.1%	13.6%
	26.9%	10.0%
	7.9%	4.7%
	13.0%	12.2%

Reviews for Palo Alto

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David · Palo Alto, CA

Wonderful place to live, except for the cost of li

Over 15 years ago

The Bay Area in general, but Palo Alto specifically provides many of the qualities sought by many; the climate is beautiful, there is access to cultural and recreational More

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David · Menlo Park, CA

Cost of Living

Over 16 years ago

Very More

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Lawrence · Palo Alto, CA

Public transit

Over 17 years ago

VTA and SamsTrans and Caltrain all provide good service and most times frequency of service is More

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