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.
|Number Of Employees||32,549|
|Median Property Value||$1,989,300|
Over the Jan 2023, the average rent for an apartment in/near Palo Alto, CA increased by 4.8% to $4,676.
The average price for a rental studio in Palo Alto, CA has remained the same as last month and equals $3,369. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 29.1% to $2,334. Pricing for 2-bed apartment also increased by 5.5% and a place of this size will now cost you $4,238. 3-bed apartment rent pricing starts at $5,311, it increased by 3% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 39.3% and made it up to $15,000.
The median rent for an apartment in Palo Alto, CA increased by 8.1% to $4,399. Statistics show that house rent price increased by 8.7% this month making it up to $6,285. Condo for rent is now available for the same pricing as previously — $2,725. An average room will now go for $1,612, the median rent price for a room decreased by 6.7%. Townhouse rent pricing didn’t change, the price still starts at $3,950.