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Palo Alto, PA Real Estate


According to census data in the year 2000 there were 460 housing units in Palo Alto. This represents a 5.2% decline from 485 in 1990.

Of those housing units, 460 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Palo Alto is about 87.4%. Palo Alto's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.33 people.

The majority of houses, apartments or condos in Palo Alto were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2%
Two Bedrooms23.30%
Three Bedrooms56.70%
Four Bedrooms15%
Five Bedrooms or more3%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1939
Median Value of occupied units$50,100
Median Price asked for vacant units$47,500

Rented Homes, Apartments and Condos

Average Household Size1.45
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan7.70%
Simple Mortgage41.90%
Debt Free46.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%