Palo Alto, CA

Population: 66,642
Average annual home appreciation rate: 9.62%
Total of homes for sale in this market: 194
Median home price: $1,380,000
Median Rent: $2,452 per room
Home price range: 74.84% of homes are over $1,332,000
Median sales price: $1,868,000
Number of homes: 55
Median foreclosure sales price: $440,000
Foreclosure discount: 79%
Most common home type: 55.24% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.61%
Number of renters: 42.02%
Number of owner occupied: 57.98%
Number people living below poverty level: 5.73%
Unemployment rate: 2.80%
Is this area perfect for real estate deals going on right now? Data shows, this makes Palo Alto one of the highest appreciating communities in the California, and in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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