West Menlo Park, CA is a desirable area for housing due to its high median value of $2,319,300. This is significantly higher than the US median house value of $338,100, demonstrating the attractiveness of the area. The past year has seen an 8.61% house appreciation in West Menlo Park, CA which is slightly more than the US 1 year house appreciation rate of 8.27%. As such, it is clear that West Menlo Park remains a great place to invest in housing with both short and long-term prospects being positive.
The median home cost in West Menlo Park is $2,319,300. Home appreciation the last 10 years has been 88.1%. Home Appreciation in West Menlo Park is up 13.3%.
Average Age of Homes
- The median age of West Menlo Park real estate is 59 years old
The Rental Market in West Menlo Park
- Renters make up 14.2% of the West Menlo Park population
- 13.6% of houses and apartments in West 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.