Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palo Alto area can be challenging. Home prices in Palo Alto are now at a median cost of $176,577, lower than the Texas average of $235,268.
The average cost of rent is $878/mo in Palo Alto, primarily driven by the current value of real estate in the Palo Alto area. While nearly 82.80% of residents own their homes outright in Palo Alto, 10.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palo Alto is $3,234 per month. Households that rent pay about 27.16% of their income on rent here. Palo Alto's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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Cities with Similar Populations
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