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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.10%|
|Home Equity Loan||10.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.1%|