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2025 Compare Cities Housing:
Palo Alto, CA vs Lake Forest, IL

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Highlights
- The median age of a home in Palo Alto is 23.7% older than the median age of a home in Lake Forest.
 Palo Alto, CALake Forest, ILUnited States
 Median Home Age59  Unlock42
 Median Home Cost  Unlock$898,600$338,100
 Home Appr. Last 12 months23.8%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock31.8%57.0%
 Home Appr. Last 10 yrs.73.2%  Unlock101.1%
 Property Tax Rate  Unlock$28.8$11.0
 Homes Owned50.9%  Unlock57.4%
 Housing Vacant  Unlock8.5%11.2%
 Homes Rented40.2%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Palo Alto, CALake Forest, ILUnited States
 Average Rent  Unlock$2,700$1,840
 Studio Apartment$2,430  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,880$1,180
 2 Bedroom Home or Apartment$3,220  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,740$1,860
 4 Bedroom Home or Apartment$4,600  Unlock$2,160
 space1
 Vacant Housing
 Palo Alto, CALake Forest, ILUnited States
 Vacant For Rent  Unlock1.3%1.9%
 Vacant Rented1.6%  Unlock0.4%
 Vacant For Sale  Unlock1.0%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock2.5%3.6%
 Vacant Other2.4%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Palo Alto, CALake Forest, ILUnited States
 Less Than $20,000  Unlock1.6%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.4%2.8%
 $60,000 to $79,9990.0%  Unlock3.9%
 $80,000 to $99,999  Unlock0.6%4.5%
 $100,000 to $149,9990.1%  Unlock11.3%
 $150,000 to $199,999  Unlock0.7%13.0%
 $200,000 to $299,9990.5%  Unlock20.1%
 $300,000 to $399,999  Unlock6.9%13.6%
 $400,000 to $499,9990.5%  Unlock8.3%
 $500,000 to $749,999  Unlock22.5%9.7%
 $750,000 to $999,9992.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock13.6%2.2%
 $1,500,000 to $1,999,9999.2%  Unlock0.8%
 $2,000,000 and over  Unlock7.7%1.1%
 space3
 Housing Units By Year Built
 Palo Alto, CALake Forest, ILUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock9.9%13.6%
 2000 to 200910.7%  Unlock13.6%
 1990 to 1999  Unlock15.3%13.6%
 1980 to 19896.4%  Unlock13.2%
 1970 to 1979  Unlock14.1%14.8%
 1960 to 19696.1%  Unlock13.6%
 1950 to 1959  Unlock12.2%10.0%
 1940 to 19497.9%  Unlock4.7%
 1939 or Earlier  Unlock14.1%12.2%
Transportation
Reviews for Palo Alto    8 Reviews
David · Palo Alto, CA
Wonderful place to live, except for the cost of li
Over 16 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 17 years ago

Very  More

   |    Reply
Lawrence · Palo Alto, CA
Public transit
Over 18 years ago

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

   |    Reply

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Reviews for Lake Forest    4 Reviews
SD · Lake Forest, IL
Nice place to raise a family
Over 7 years ago

We relocated cross county to Lake Forest about a year ago due to a job change. We looked at nearby communities, within proximity of the work commute (the office is in  More

   |    Reply
John  · Detroit, MI
One of the most snotty, rude places I ever stayed
Over 10 years ago

Be prepared for a so called upscale town with entitled, overpaid, snooty people from teenagers who sneer at you to adults who look you up and down, who make demands on a  More

   |    Reply
cindy · Lake Forest, IL
climate
Over 15 years ago

Long cold winters, short cold springs, hot humid summers, nice  More

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Learn More About Palo Alto, California
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