Palo Alto, PA is an affluent location with a high cost of living and housing costs to match. The median home value in Palo Alto is $93,400, compared to the US median house value of $338,100, indicating that it is significantly higher than the national average. Additionally, the one-year house appreciation rate for Palo Alto was 10.35%, which is higher than the US rate of 8.27%. Housing in Palo Alto is more expensive and has seen greater gains in value over the last year than houses across the country as a whole.
The median home cost in Palo Alto is $93,400. Home appreciation the last 10 years has been 51.5%. Home Appreciation in Palo Alto is up 14.3%.
Average Age of Homes
- The median age of Palo Alto real estate is 78 years old
The Rental Market in Palo Alto
- Renters make up 25.4% of the Palo Alto population
- 0.0% 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.