Real estate market overview
Overview & Ratings
Get to know Palo Alto
Get to know Palo Alto. Whether you're looking to purchase a home, putting yours up for sale or exploring rental options, get up-to-date information about the Palo Alto real estate market, all in one place. Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Palo Alto without having to leave home.
The median home price in Palo Alto for the week end on April 30th 2021 was $1,989,300 compared to $2,379, the median rent. Unemployment sits at 4.3% as of April 30th 2021. The population of Palo Alto is 67,082. The median age of the locals is 41.8.
Bachelor's degree or higher
Median monthly rent
Estimated housing units
Median household income
Data from 2012-2017 census for Palo Alto
In the past week, single family homes in Palo Alto sold on average for $4,792,575 and spent 87 days on the market. In Palo Alto, the inventory of 56 experienced a 4% relisting. The average price per square foot was $1,594.
In the past week, condo/townhomes in Palo Alto sold on average for $1,498,000 and spent 54 days on the market. In Palo Alto, the inventory of 21 experienced a 5% relisting. The average price per square foot was $1,163.
As previously noted, the population of Palo Alto is 67,082 and the median age is 41.8. Among Palo Alto residents, there is a homeowner vacancy rate of 0.2% and a rental vacancy rate of 4.6% from a total of 27,577 units.
Palo Alto has 49 schools. Each school is rated by key indicators like test scores, academic progress, college readiness, student-teacher ratio and more. These scores will help you compare the best schools in Palo Alto.
Palo Alto, CA
Data provided by GREAT SCHOOLS
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Data Provided by Altos and Census Bureau
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