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 Type | 0% |
| One Bedroom | 2% |
| Two Bedrooms | 23.30% |
| Three Bedrooms | 56.70% |
| Four Bedrooms | 15% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $50,100 |
| Median Price asked for vacant units | $47,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.45 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 41.90% |
| Debt Free | 46.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
