Zip 94306 (Palo Alto, CA) Housing

The housing market in Palo Alto, CA (zip code 94306) is thriving. The median value of homes in this area is $2,962,200 which is significantly higher than the national median value of $338,100. In the past year, the appreciation rate for houses in Palo Alto has been 13.07%, compared to the US 1 year house appreciation rate of 8.27%. This indicates that home values in Palo Alto are increasing faster than average and is a sign of an expanding real estate market.

The median home cost in Palo Alto (zip 94306) is $2,962,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Palo Alto (zip 94306) is up 23.8%.

Average Age of Homes

- The median age of Palo Alto (zip 94306) real estate is 55 years old

The Rental Market in Palo Alto (zip 94306)

- Renters make up 44.2% of the Palo Alto (zip 94306) population
- 4.4% of houses and apartments in Palo Alto (zip 94306), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Palo Alto, California	United States
	11,726.0	139,647,020.0
	59	42
	$2,962,200	$338,100
	23.8%	16.6%
	18.5%	57.0%
	73.2%	101.1%
	$7.38	$10.98
	$10,001	$2,690
	49.7%	57.4%
	8.8%	11.2%
	41.6%	31.4%
Vacant Housing
	4.4%	1.9%
	1.5%	0.4%
	0.2%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.2%	11.3%
	0.7%	13.0%
	1.1%	20.1%
	0.3%	13.6%
	0.5%	8.3%
	1.5%	9.7%
	3.4%	3.9%
	8.9%	2.2%
	13.3%	0.8%
	68.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	7.1%	13.6%
	6.6%	13.2%
	12.8%	14.8%
	7.1%	13.6%
	32.0%	10.0%
	8.3%	4.7%
	7.5%	12.2%

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