Median rent for residential apartments in as of Jun, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
267 Palo Alto, CA, USA apartments for rent
Palo Alto
Palo Alto, CA has a population of 66,649, including 59% white, 32% asian, and 7% latino.
| Population | 66,649 |
| Median Age | 41.8 |
| Poverty Rate | 6% |
| Median Income (Household) | $137,043 |
| Number Of Employees | 32,002 |
| Median Property Value | $1,702,100 |
City Overview
The median household income in Palo Alto, CA is around $137,043, while the median age is 41.8. This city is a home to major universities: Palo Alto University, Special Focus Institutions, and Special Focus Four-Year: Other Health Professions Schools. 32,002 employees work in Palo Alto, CA. The homeownership rate among the residents is 55.32%. The median property value that you should keep in mind is $1,702,100.
Business & Economy
Wage by Common Jobs
Average salary: $60,978
- 1. Retail salespersons$93,442
- 2. Cashiers$75,304
- 3. Elementary & middle school teachers$59,073
- 4. Secretaries & administrative assistants$53,442
- 5. Nursing, psychiatric, & home health aides$23,628
Employment by Occupations
Numbers claim that the employment rate in Palo Alto, CA changed by 0%, so let’s see what are the most common job groups in this area. People of Palo Alto, CA prefer to work in Management, Computer & Mathematical and Education, Training, & Library.
Employment by Industries
Keeping in mind that the employment rate changed by 0% recently, there must be a strong understanding of industries people of Palo Alto, CA work in. The most common industries are Professional, Scientific, Tech Services, Educational Services and Manufacturing. Please note that not all the residents of Palo Alto, CA work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
Demographics
Race & Ethnicity
According to latest census, Palo Alto, CA is a home for 59% white residents. The second common group is asian with 32% residents. The list of the most common racial or ethnic groups is closed by latino with 7% residents.
Non-English Speakers
Education
Past year Palo Alto, CA universities awarded around 819 degrees. Statistics show that the population of students in Palo Alto, CA include 93 male students and 334 female students. Palo Alto, CA offers private and public tuition with a median cost of $17,112 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Palo Alto University with the majority of graduates. The Sofia University and Bay Area College of Nursing hold the second and the third place respectively. The share of the public colleges in Palo Alto, CA is n/a% and 100% go to the private colleges.
Universities
- 1. Palo Alto University283 graduates
- 2. Sofia University109 graduates
- 3. Bay Area College of Nursing35 graduates
Public vs Private
- Public100%
- Private0%
Health and Safety
The age groups that most likely have the health care coverage in Palo Alto, CA are 6-17 years old for men and 25-34 years old for women. Palo Alto, CA offers a 103 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 109 to 1, speaking of mental health doctors ratio, it’s 282 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 103 |
| Dentists | 1 to 109 |
| Mental Health | 1 to 282 |
| Other | 1 to 52 |
Transportation
Commute Time
Average travel time: 21.76 minutes
- USA
- Palo Alto, CA
Commuter Transportation
The workers of Palo Alto, CA traveled to their offices around 21.76 minutes lately and drove alone to get there. The rest of the residents used a bicycle and worked at home.
- USA
- Palo Alto, CA
Housing Trends
Palo Alto, CA, USA Housing Trends
Average rent in Palo Alto: $5,224 (+9.3%)
| Rent Price | Jun | vs Last Month |
|---|---|---|
| 1 bed apartments | $4,176 | +36.5% |
| 2 bed apartments | $5,322 | +8.7% |
| 3 bed apartments | $7,131 | +4.3% |
| 4+ bed apartments | $5,088 | -19.6% |
Over the Jun 2020, the average rent for an apartment in/near Palo Alto, CA increased by 9.3% to $5,224.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 36.5% to $4,176. Pricing for 2-bed apartment also increased by 8.7% and a place of this size will now cost you $5,322. 3-bed apartment rent pricing starts at $7,131, it increased by 4.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 19.6% and made it down to $5,088.
| Rent Type Price | Jun | vs Last Month |
|---|---|---|
| Apartment rentals | $4,920 | +5.6% |
| House rentals | $7,033 | -5% |
| Room rentals | $1,737 | +22.1% |
| Condo rentals | $9,461 | +17.3% |
| Townhouse rentals | $7,949 | N/A |
The median rent for an apartment in Palo Alto, CA increased by 5.6% to $4,920. Statistics show that house rent price decreased by 5% this month making it up to $7,033. Condos faced an upward trend these days. The median rent for a condo increased by 17.3%, it’s now available for $9,461. An average room will now go for $1,737, the median rent price for a room increased by 22.1%. Townhouse rent pricing didn’t change, the price still starts at $7,949.
Rent vs Own
- Rent55%
- Own45%
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