Menlo Park, CA has a population of 33,661, while the median age is 37. The household income in Menlo Park, CA is around $132,928. The homeownership rate among the residents is 58%. The median residential property value in Menlo Park, CA that you should keep in mind is $1,764,600.
Population | 33,661 |
Median Age | 37.3 |
Poverty Rate | 9% |
Household Income | $132,928 |
Number Of Employees | 16,367 |
Median Property Value | $1,764,600 |
Rent Price |
May | vs Last Month |
---|---|---|
1-bed apartments | $4,603 | -35.8% |
2-bed apartments | $7,995 | +0.9% |
3-bed apartments | $6,623 | -12% |
4+ bed apartments | $22,003 | +6.8% |
Over the May 2023, the average rent for an apartment in/near Menlo Park, CA increased by 31.6% to $11,657.
The average price for a rental studio in Menlo Park, CA has remained the same as last month and equals $6,684. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 35.8% to $4,603. Pricing for 2-bed apartment also increased by 0.9% and a place of this size will now cost you $7,995. 3-bed apartment rent pricing starts at $6,623, it decreased by 12% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 6.8% and made it up to $22,003.
Rent Type Price |
May | vs Last Month |
---|---|---|
Townhouses for rent | $6,750 | +25.8% |
Houses for rent | $12,912 | +8.2% |
Condos for rent | $9,750 | +15.8% |
Apartments for rent | $12,465 | +64.4% |
Rooms for rent | $1,650 | N/A |
The median rent for an apartment in Menlo Park, CA increased by 64.4% to $12,465. Statistics show that house rent price increased by 8.2% this month making it up to $12,912. Condos faced an upward trend these days. The median rent for a condo increased by 15.8%, it’s now available for $9,750. If you’re looking for a room, the price tag still starts at $1,650. The median price did not change this time. The median rent for a townhouse increased by 25.8%, you’ll have to spend around $6,750 to get one.