Palo Alto, CA Real Estate

According to census data in the year 2000 there were 26,155 housing units in Palo Alto. This represents a 3.8% growth from 25,188 in 1990.

Of those housing units, 26,036 were located in either urbanized areas or urban clusters, and 119 were located in what is classified as a rural area.

Homeownership rate in Palo Alto is about 56.8%. Palo Alto's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.3 people.

The majority of houses, apartments or condos in Palo Alto were built after 1957.


Housing Size

Housing Units by Size
Studio Type7.70%
One Bedroom17.90%
Two Bedrooms23.70%
Three Bedrooms28.70%
Four Bedrooms17.30%
Five Bedrooms or more4.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1954
Median Value of occupied units$811,800
Median Price asked for vacant units$867,600

Rented Homes, Apartments and Condos

Average Household Size1.92
Median year structure was built1963
Median Monthly Rent asked for vacant units$1,804

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6.70%
Home Equity Loan10.70%
Simple Mortgage50.80%
Debt Free31.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%