The housing market in Menlo Park is thriving. With a median value of $2,442,300, it is far above the national median value of $338,100. Furthermore, the appreciation rate of home values over the past year has been 8.61%, which is higher than the national average of 8.27%. This shows that the demand for housing in Menlo Park is high and the real estate market there is strong.
The median home cost in Menlo Park (zip 94025) is $2,442,300. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Menlo Park (zip 94025) is up 13.3%.
Average Age of Homes
- The median age of Menlo Park (zip 94025) real estate is 58 years old
The Rental Market in Menlo Park (zip 94025)
- Renters make up 38.0% of the Menlo Park (zip 94025) population
- 3.8% of houses and apartments in Menlo Park (zip 94025), 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.