Housing & Real Estate — Palo Alto, California
Overview
| Total Housing Units | 29,104 |
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| Occupied | 26,054 |
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| Vacant | 3,050 |
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| Owner-Occupied | 14,115 |
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| Renter-Occupied | 11,939 |
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| Median Home Value (Census) | $2,000,001 |
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| Estimated 2026 | ~$2,243,000 |
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| Median Rent | $3,328/mo |
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| Median Property Tax | $10,001/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | very expensive |
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| Rent as % of Income | 17.3% |
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| Severely Rent-Burdened | 35.0% |
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Housing Age
| Built 2010 or later | 2,235 |
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| Built 2000-2009 | 2,751 |
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| Built 1990-1999 | 1,633 |
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| Built before 1960 | 13,663 |
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| Median Year Built | 1962 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
