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Palo Alto, CA Housing

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As of 2010-2014, median price of a house in Palo Alto is $1,000,001, which is much higher than the state average of $371,400 and is much higher than the national average of $175,700. The Palo Alto median house value has grown by 23.18% since 2000. The growth rate for the price of a house in Palo Alto is much lower than the state average rate of 75.60% and is lower than the national average rate of 46.91%. The median year that a house in Palo Alto was built is 1959, which is older than the median year for a house built in the state which is 1974 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 14,464 Owner Occupied Houses in Palo Alto, CA, #1

Palo Alto, CA	1,000,001 USD
California	371,400 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #860

Palo Alto, CA	23.18%
California	75.60%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Palo Alto, CA	California	U.S.
Total Housing Units	27,983, see rank, 100%	13,781,929	132,741,033
Occupied Housing Units	26,420, 94.41%, see rank	91.55%	87.55%
Owner Occupied	14,464, 51.69%, see rank	50.13%	56.34%
Renter Occupied	11,956, 42.73%, see rank	41.42%	31.21%
Vacant Housing Units	1,563, 5.59%, see rank	8.45%	12.45%
For Rent	418, 1.49%, see rank	2.00%	2.34%
For Sale Only	198, 0.71%, see rank	0.83%	1.20%
Rented or Sold, Not Occupied	247, 0.88%, see rank	0.78%	0.92%
For Seasonal, Recreational, or Occasional Use	359, 1.28%, see rank	2.61%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	341, 1.22%, see rank	2.21%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #1233

Palo Alto, CA	California	U.S.
1959	1974	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Palo Alto, CA	%	California	U.S.
Owner-Occupied Units	14,464	100%	6,908,925	74,787,460
With a Mortgage	9,500	65.68%, see rank	73.66%	65.58%
Without a Mortgage	4,964	34.32%, see rank	26.34%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Palo Alto, CA	4,001 USD
California	2,214 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Palo Alto, CA	%	California	U.S.
$299 or Less	10	0.11%, see rank	0.15%	0.20%
$300 to $499	5	0.05%, see rank	0.75%	1.59%
$500 to $699	81	0.85%, see rank	1.72%	5.01%
$700 to $999	93	0.98%, see rank	5.23%	14.32%
$1,000 to $1,499	459	4.83%, see rank	15.72%	27.90%
$1,500 to $1,999	499	5.25%, see rank	19.12%	20.35%
$2,000 to $2,999	1,459	15.36%, see rank	30.16%	19.52%
$3,000 or More	6,894	72.57%, see rank	27.14%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Palo Alto, CA	25.30% of the Total Income
California	28.30% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Palo Alto, CA	%	California	U.S.
10% or Less	843	8.87%, see rank	4.28%	5.86%
10% to 20%	2,569	27.04%, see rank	22.58%	31.95%
20% to 30%	2,468	25.98%, see rank	27.14%	27.64%
30% to 40%	1,385	14.58%, see rank	16.99%	13.74%
40% or More	2,193	23.08%, see rank	28.35%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Palo Alto, CA	799 USD
California	493 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Palo Alto, CA	%	California	U.S.
$199 or Less	268	5.40%, see rank	7.54%	7.76%
$200 to $299	280	5.64%, see rank	12.68%	14.70%
$300 to $499	744	14.99%, see rank	30.95%	34.63%
$500 to $699	921	18.55%, see rank	21.93%	21.16%
$700 or More	2,751	55.42%, see rank	26.89%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Palo Alto, CA	10.00% of the Total Income
California	11.30% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Palo Alto, CA	%	California	U.S.
10% or Less	2,815	56.71%, see rank	44.55%	40.19%
10% to 20%	1,164	23.45%, see rank	28.27%	31.47%
20% to 30%	371	7.47%, see rank	10.90%	12.24%
30% to 40%	180	3.63%, see rank	5.32%	5.64%
40% or More	374	7.53%, see rank	9.62%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Palo Alto, CA	California	U.S.
Total Housing Units	27,983, 100%	13,781,929	132,741,033
1-unit, Detached	15,635, 55.87%, see rank	58.17%	61.65%
1-unit, Attached	1,703, 6.09%, see rank	6.97%	5.82%
2 Units	290, 1.04%, see rank	2.54%	3.75%
3 or 4 Units	1,494, 5.34%, see rank	5.54%	4.43%
5 to 9 Units	1,757, 6.28%, see rank	6.12%	4.78%
10 or More Units	6,961, 24.88%, see rank	16.79%	13.08%
Mobile Home, Boat, RV, Van, etc.	143, 0.51%, see rank	3.88%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Palo Alto, CA	California	U.S.
Total Housing Units	27,983, 100%	13,781,929	132,741,033
1 Room	852, 3.04%, see rank	3.13%	1.95%
2 Rooms	1,691, 6.04%, see rank	3.93%	2.48%
3 Rooms	3,540, 12.65%, see rank	12.05%	9.13%
4 Rooms	4,891, 17.48%, see rank	19.24%	16.60%
5 Rooms	4,617, 16.50%, see rank	20.56%	20.41%
6 Rooms	3,969, 14.18%, see rank	16.99%	18.06%
7 Rooms	3,316, 11.85%, see rank	11.06%	12.27%
8 Rooms	2,426, 8.67%, see rank	6.58%	8.48%
9 Rooms or More	2,681, 9.58%, see rank	6.46%	10.60%
Median Rooms	5.20, see rank	5.10	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Palo Alto, CA	California	U.S.
Total Housing Units	27,983, 100%	13,781,929	132,741,033
No Bedroom	1,061, 3.79%, see rank	3.56%	2.17%
1 Bedroom	4,833, 17.27%, see rank	14.11%	11.16%
2 Bedrooms	6,753, 24.13%, see rank	28.01%	26.69%
3 Bedrooms	8,203, 29.31%, see rank	33.46%	39.70%
4 Bedrooms	5,178, 18.50%, see rank	16.55%	16.05%
5 or More Bedrooms	1,955, 6.99%, see rank	4.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Palo Alto, CA	California	U.S.
Total Housing Units	26,420, 100%	12,617,280	116,211,092
Utility Gas	19,206, 72.69%, see rank	65.57%	48.85%
Bottled, Tank, or LP Gas	278, 1.05%, see rank	3.16%	4.86%
Electricity	6,471, 24.49%, see rank	25.76%	36.68%
Fuel Oil, Kerosene, etc.	43, 0.16%, see rank	0.27%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	31, 0.12%, see rank	1.73%	2.12%
Solar Energy	91, 0.34%, see rank	0.14%	0.05%
Other Fuel	16, 0.06%, see rank	0.35%	0.47%
No Fuel Used	284, 1.07%, see rank	3.02%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Palo Alto, CA	California	U.S.
Occupied Units Paying Rent	11,530, 100%	5,526,560	39,201,928
$199 or Less	54, 0.47%, see rank	0.65%	1.50%
$200 to $299	239, 2.07%, see rank	2.00%	3.18%
$300 to $499	389, 3.37%, see rank	3.28%	7.37%
$500 to $699	209, 1.81%, see rank	6.23%	16.01%
$700 to $999	444, 3.85%, see rank	19.65%	29.17%
$1,000 to $1,499	1,686, 14.62%, see rank	34.37%	26.88%
$1,500 to $1,999	2,328, 20.19%, see rank	19.29%	9.79%
$2,000 or More	6,181, 53.61%, see rank	14.52%	6.10%
Median	$2,001, see rank	$1,243	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Palo Alto, CA	California	U.S.
Occupied Housing Units	26,420, 100%	12,617,280	116,211,092
No Vehicles Available	1,624, 6.15%, see rank	7.81%	9.12%
1 Vehicles Available	9,376, 35.49%, see rank	32.17%	33.80%
2 Vehicles Available	10,782, 40.81%, see rank	37.49%	37.48%
3 or More Vehicles Available	4,638, 17.55%, see rank	22.54%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.