Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Menlo Park area can be challenging. Home prices in Menlo Park are now at a median cost of $1,412,971, higher than the California average of $648,235.
The average cost of rent is $2,519/mo in Menlo Park, primarily driven by the current value of real estate in the Menlo Park area. While nearly 36.59% of residents own their homes outright in Menlo Park, 36.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Menlo Park is $13,377 per month. Households that rent pay about 18.83% of their income on rent here. Menlo Park's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Atherton, CA: higher priced homes
- North Fair Oaks, CA: less expensive homes
- East Palo Alto, CA: less expensive homes
- Stanford, CA: less expensive homes
- Palo Alto, CA: higher priced homes
- Redwood City, CA: equally priced homes
- Woodside, CA: higher priced homes
- Portola Valley, CA: higher priced homes
- San Carlos, CA: higher priced homes
- Los Altos Hills, CA: higher priced homes
Cities with Similar Populations
- Atwater, CA: less expensive homes
- Wooster, OH: less expensive homes
- Westfield, MA: less expensive homes
- West Hollywood, CA: less expensive homes
- Warminster, PA: less expensive homes
- Walla Walla, WA: less expensive homes
- Venice, CA: higher priced homes
- Vega Baja, PR: less expensive homes
- Starkville, MS: less expensive homes
- DeKalb, IL: less expensive homes
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