Menlo Park, CA Real Estate
According to census data in the year 2000 there were 12,738 housing units in Menlo Park.
This represents a 4% growth from 12,247 in 1990.
Of those housing units, 12,738 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Menlo Park is about 57%.
Menlo Park's vacancy rate, including seasonal lodging, is about 2.4%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Menlo Park were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.90% |
| One Bedroom | 18% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 32.60% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $778,500 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $990 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 55% |
| Debt Free | 26.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
