Median rent for residential apartments in as of May, 2021.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
431 Palo Alto, CA, USA apartments for rent
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Palo Alto
Palo Alto, CA has a population of 67,082, while the median age is 42. The household income in Palo Alto, CA is around $147,537. The homeownership rate among the residents is 55%. The median residential property value in Palo Alto, CA that you should keep in mind is $1,989,300.
| Population | 67,082 |
| Median Age | 41.8 |
| Poverty Rate | 6% |
| Household Income | $147,537 |
| Number Of Employees | 32,549 |
| Median Property Value | $1,989,300 |
Business & Economy
Wage by Common Jobs
Average salary in Palo Alto, CA: $52,841
- 1. Miscellaneous managers$110,734
- 2. Registered nurses$90,863
- 3. Elementary & middle school teachers$63,230
- 4. Firstline supervisors of retail sales workers$58,790
- 5. Secretaries & administrative assistants$46,912
Highest Paid Occupations
Numbers claim that the highest paid jobs in Palo Alto, CA are Legal Occupations, Management Occupations, Architecture & Engineering Occupations, Computer & Mathematical Occupations and Management, Business, Financial Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 1% recently, there must be a strong understanding of industries people of Palo Alto, CA work in. The highest paid industries are Information, Manufacturing, Wholesale Trade, Agriculture, Forestry, Fishing & Hunting, Mining and Finance & Insurance.
Demographics
Race & Ethnicity
According to latest census, Palo Alto, CA is a home for 61% white residents. The second common group is asian with 31% residents. The list of the most common racial or ethnic groups is closed by other with 5% residents.
Non-English Speakers
Education
Past year Palo Alto, CA universities awarded around 3,978,600 degrees. Statistics show that the population of students in Palo Alto, CA includes 1,989,300 female students and 1,989,300 male students. Palo Alto, CA offers private and public tuition with a median cost of $n/a for private four-year colleges and $n/a for in-state public four-year colleges. The largest university of this city is the Sofia University with the majority of graduates. The share of the public colleges in Palo Alto, CA is n/a and 100 go to the private colleges.
Universities
- 1. Sofia University31 graduates
Public vs Private
- Public100%
- Private0%
Health and Safety
Primary care physicians in Palo Alto, CA see an average of 973 patients, dentists 888 patients, metal health providers 329 patients, and other healthcare providers 1,759 patients per year.
Transportation
Commute Time
Average travel time: 22.11 minutes
- USA
- Palo Alto, CA
Commuter Transportation
Citizens of Palo Alto, CA travel to their offices around 22 minutes lately and drove alone to get there. The rest of the residents worked at home and used a bicycle.
- USA
- Palo Alto, CA
Housing Trends
Palo Alto, CA, USA Housing Trends
Average rent in Palo Alto: $5,062 (+7.1%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $3,450 | N/A |
| 2 bed apartments | $3,925 | +51% |
| 3 bed apartments | $3,700 | N/A |
| 4+ bed apartments | $8,950 | +61% |
Over the May 2021, the average rent for an apartment in/near Palo Alto, CA increased by 7.1% to $5,062.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $3,450 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $3,925. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $3,700. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $8,950 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $3,750 | -20.6% |
| House rentals | $5,500 | N/A |
Looking at the median rent price for an apartment in Palo Alto, CA, you can note that it remains flat with a price tag of $3,750. The median rent for a house is still $5,500 with no significant changes this month.
Rent vs Own
- Rent55%
- Own45%
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