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States / California / Palo Alto

Palo Alto, CA Housing

ACS 2020-2024

Median Home Value
$2,000,001 ± $-333,333,333
Median Gross Rent
$3,484 ± $157/mo
Homeownership Rate
54.6%
Rent as Share of Income
18.1%
Price-to-Income Ratio
8.7×
Vacancy Rate
11.0%
Median Year Built
1963

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
214
Buildings
199
Single-Family Units
196
Multi-Family Units
18

Nearby Cities in California

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.