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 Units by Size|
|Five Bedrooms or more||4.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.58|
|Median year structure was built||1954|
|Median Value of occupied units||$811,800|
|Median Price asked for vacant units||$867,600|
Rented Homes, Apartments and Condos
|Average Household Size||1.92|
|Median year structure was built||1963|
|Median Monthly Rent asked for vacant units||$1,804|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||10.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17%|