Menlo Park, CA is an affluent city in the Silicon Valley region of California known for its high median housing values. The median house value in Menlo Park, CA is $2,476,200, significantly higher than the US median of $338,100. In the past year, the US house appreciation rate was 8.27%, while the appreciation rate in Menlo Park was 8.62%. This indicates that housing in Menlo Park may be appreciating faster than in other parts of the country. It also confirms that Menlo Park is an expensive place to buy a home and that owning property there can be a worthwhile investment.
The median home cost in Menlo Park is $2,476,200. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Menlo Park is up 13.3%.
Average Age of Homes
- The median age of Menlo Park real estate is 58 years old
The Rental Market in Menlo Park
- Renters make up 41.9% of the Menlo Park population
- 2.6% of houses and apartments in Menlo Park, 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.