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Palo Alto, CA
Full City Profile · California · San Mateo County County
3.1
/5.0
B
Good
67,231
Population
2,795/sq mi density
$220,408
Median Income
$121,565 per capita
$2,000,001
Home Value
$3,619,229 Zillow
$3,328
Median Rent
25.9% income on rent
59°F
Avg Temperature
330 sunny days/yr
128
Violent Crime/100K
2,962 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$220,408 median income, 2.3% unemployment
D
Affordability
1.5 / 5.0
$2,000,001 home value, $3,328/mo rent
F
Safety
1.0 / 5.0
128 violent crimes/100K
A+
Education
5.0 / 5.0
82.4% bachelor's degree or higher
Housing Overview
Median Home Value
$2,000,001
609% above
US avg: $281,900
Median Rent
$3,328/mo
186% above
US avg: $1,163/mo
Homeownership Rate
54.2%
17% below US avg (65.4%)
Total Housing Units
29,065
Median year built: 1962
Home Value by Source
Census Median
$2,000,001
Zillow (ZHVI)
$3,619,229
Median Sale Price
$3,208,000
Median List Price
$2,962,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
54.2%
Owner-Occupied
45.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,513/mo
1 Bedroom
$1,647/mo
2 Bedroom
$2,053/mo
3 Bedroom
$2,752/mo
4 Bedroom
$3,165/mo
Census median rent:
$3,328/mo
· Zillow rent:
$3,865/mo
Market Indicators (Redfin)
Median Days on Market
13 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
42
Price Drops
13.0%
of listings with price reduction
Price Per Sq Ft
$1,742
Active Inventory
69
homes for sale
Affordability & Housing Stock
Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
54.2%
Complete Housing Data
Home Values
| Census Median Value | $2,000,001 |
| Zillow Home Value (ZHVI) | $3,619,229 |
| Median Sale Price | $3,208,000 |
| Median List Price | $2,962,500 |
| Price Per Sq Ft | $1,742 |
Rent
| Census Median Rent | $3,328 |
| Zillow Rent (ZORI) | $3,865 |
| FMR Studio | $1,513 |
| FMR 1-Bedroom | $1,647 |
| FMR 2-Bedroom | $2,053 |
| FMR 3-Bedroom | $2,752 |
| FMR 4-Bedroom | $3,165 |
Market
| Days on Market | 13 |
| Sale-to-List Ratio | 1.1% |
| Price Drops | 13.0% |
| Homes Sold | 42 |
| Active Inventory | 69 |
| Price Per Sq Ft | $1,742 |
Ownership & Stock
| Owner-Occupied | 54.2% |
| Renter-Occupied | 45.8% |
| Homeownership Rate | 54.2% |
| Total Housing Units | 29,065 |
| Median Year Built | 1962 |
| Rent Burden | 25.9% |