Menlo Park, CA—94025
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Menlo Park, CA
As of Oct '25, the median home price in Menlo Park, CA is $2,709,000, with a year-over-year change of 4.0%. This indicates that home prices in Menlo Park, CA are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,709,000 | 4.0% |
| Single Family | $2,898,000 | 4.6% |
| Condos | $1,259,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $941,000 | 4.0% |
2 Bed | $1,629,000 | 3.1% |
3 Bed | $2,477,000 | 3.9% |
4 Bed | $3,852,000 | 5.2% |
| 5 Bed | $5,329,000 | 4.6% |
% of Housing Stock
Rental Trends — Menlo Park, CA
As of July '25, Rentcast reports the average rent in Menlo Park, CA is $4,490, with a year-over-year rent change of -9.8%. Per bedroom, the median rent as of July '25 in Menlo Park, CA is studios: $2,670, 1-bedrooms: $2,940, 2-bedrooms: $4,170, 3-bedrooms: $6,160, 4-bedrooms: $7,540. The most common rental property sizes in Menlo Park, CA are 2-bedroom and 1-bedroom, accounting for 35.4% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,490 |
| Studio Rent | $2,890 | $2,670 |
| 1 Bed Rent | $2,850 | $2,940 |
| 2 Bed Rent | $4,000 | $4,170 |
| 3 Bed Rent | $6,000 | $6,160 |
| 4 Bed Rent | $7,500 | $7,540 |
% of Rental Stock
Property Listings — Menlo Park, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Menlo Park, CA is 34. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,680,000 | 14.0% |
Listing Count | 79 | 18.0% |
| Listings as % of Homes | 0.2% | 18.0% |
Days on Market | 34 | 28.0% |
Demographics — Menlo Park, CA
As of the latest ACS Survey released in 2023, Menlo Park, CA has a population of 40,200, which has decreased by -6.0% over the past 5 years. Menlo Park, CA is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 73.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,200 | -6.0% |
% Under 18 | 22.5% | -11.4% |
% Seniors | 15.6% | 10.6% |
% WFH | 30.4% | 213.4% |
% w/ College Degree | 73.2% | 5.8% |
As of the latest ACS Survey released in 2023, Menlo Park, CA is a predominantly white area, with 53.7% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Menlo Park, CA is hispanic, making up 19.5% of the population. Foreign-born residents account for 28.2% of the population in Menlo Park, CA, and this percentage has increased by 7.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.7% | -10.8% |
% Black | 2.9% | -25.6% |
% Hispanic | 19.5% | 18.9% |
% Asian | 17.6% | 29.4% |
% Foreign Born | 28.2% | 7.6% |
Mortgage and Risk — Menlo Park, CA
According to HUD data as of 2023, there were 391 mortgage originations in Menlo Park, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Menlo Park, CA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Menlo Park, CA
As of 2024, the percent of homes in Menlo Park, CA under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Menlo Park, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 435 |
Total Units Section 8 | 435 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $2,850 | $3,130 |
| 2 Bedroom | -$260 | $4,000 | $3,740 |
| 3 Bedroom | -$1,340 | $6,000 | $4,660 |
| 4 Bedroom | -$2,540 | $7,500 | $4,960 |
Affordability — Menlo Park, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.7 |
| Median Home Price | $2,709,000 |
| Median Household Income | $216,000 |