Palo Alto, CA—94306
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$3,454,000
2.6% YoY Growth
Household Income
$186,000
30.9% YoY Growth
Days on Market
26
6.0% Longer YoY
Home Price Forecast
-1.0%
Median Rent
$3,870
1.8% YoY Growth
1-Bed Rent
$2,700
4.5% YoY Growth
2-Bed Rent
$3,900
4.1% YoY Growth
3-Bed Rent
$7,000
13.5% YoY Growth
Other Zip Codes in Palo Alto, CA
Home Price Trends — Palo Alto, CA
As of May '26, the median home price in Palo Alto, CA is $3,454,000, with a year-over-year change of 2.6%. This indicates that home prices in Palo Alto, CA are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $3,454,000 | 2.6% |
| Single Family | $3,635,000 | 2.8% |
| Condos | $1,176,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |