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These days, finding an affordable place to live in the Los Altos area can be challenging. Home prices in Los Altos are now at a median cost of $1,968,943, higher than the California average of $812,006.
The average cost of rent is $3,499/mo in Los Altos, primarily driven by the current value of real estate in the Los Altos area. In Los Altos, 21.90% of households rent, and 40.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Los Altos is $19,374 per month. Households that rent pay about 18.06% of their income on rent here. Los Altos’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mountain View, CA: less expensive homes
- Los Altos Hills, CA: equally priced homes
- Sunnyvale, CA: less expensive homes
- Cupertino, CA: equally priced homes
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- Stanford, CA: less expensive homes
- Portola Valley, CA: equally priced homes
- Santa Clara, CA: less expensive homes
- East Palo Alto, CA: less expensive homes
- Menlo Park, CA: less expensive homes
Cities with Similar Populations
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- Jamestown, NY: less expensive homes
- Saratoga Springs, NY: less expensive homes
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