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Palo Alto

Palo Alto

Located in Santa Clara County

$3,663,487 Average Value
$1,813 Average Price per Sq Ft
92 Homes For Sale

Birthplace of Silicon Valley

Often called the “Birthplace of Silicon Valley,” Palo Alto is a leading city in the global technology, education and engineering industries. Notable tech and research companies headquartered here include Hewlett-Packard, Tesla and Flipboard, Inc., and East Palo Alto borders the sprawling headquarters of Meta, the parent company of Facebook and Instagram, near the San Francisco Bay. Lori Orion, a local Realtor with Orion Partners at Golden Gate Sotheby’s International Realty, says that people aspire to live here: “Palo Alto is like the Paris of Silicon Valley – you want to go to Paris, you don’t want to go to the city outside of Paris.” Orion also notes that people are moving to the city not only for its jobs and perpetually sunny skies but also for Stanford University, a world-renowned higher education institution that draws thousands of faculty, students and staff members to the area. However, Palo Alto’s limited housing stock and consistent demand have led to one of the highest costs per square footage in the United States. “There’s always sticker shock for homebuyers who move here from other places,” Orion says.

If you are looking for an easy commute to work, Downtown North is the best place to live.
If you are looking for an easy commute to work, Downtown North is the best place to live.
Green lawns with stripes of sidewalks running through them at Charleston Park.
Green lawns with stripes of sidewalks running through them at Charleston Park.
Tesla is one of the big technology companies in Palo Alto.
Tesla is one of the big technology companies in Palo Alto.
Siegel Field at Stanford University in University South is green with red and white accents.
Siegel Field at Stanford University in University South is green with red and white accents.
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High housing costs for small homes

Palo Alto homes encompass a wide range of styles, sizes and build years that create an eclectic residential mural. Single-family homes in Palo Alto range from approximately $2 million to $7 million, with the median home price hovering around $3.7 million. “The lots in Palo Alto are not very large – I would say the average lot for a single-family home is about 5,000 square feet,” Orion says. “However, there are some neighborhoods where you have larger lots over 10,000 square feet, and those are the extremely expensive areas where you find all the mansions.” One of the challenges of building more housing in Palo Alto is the lack of available land coupled with residents’ opposition to new developments: “In Palo Alto, as well as many other neighboring cities, there’s a lot of the ‘not in my backyard’ mentality going on,” Orion says. Rising housing costs have driven some locals to find alternate living solutions. “It’s a very interesting time for housing in the Bay Area – on any street that’s wide enough to park an RV, you’ll see people’s RVs are parked there,” Orion says.

Stanford University also owns a large pocket of land around surrounding its main academic campus, full of single-family homes that the university has allocated can only be owned by Stanford-affiliated faculty and staff. These single-family properties typically list on the market between $2.5 million and $3 million, but the university offers price reduction plans for qualified faculty and staff members.

Mediterranean-inspired homes can be seen throughout the Barron Park neighborhood.
Mediterranean-inspired homes can be seen throughout the Barron Park neighborhood.
Townhouse living can be found in parts of Charleston Meadows.
Townhouse living can be found in parts of Charleston Meadows.
Slanted roofs, triangular windows and redwood siding are all staples of the neighborhood homes.
Slanted roofs, triangular windows and redwood siding are all staples of the neighborhood homes.
Traditional builds are also available in Charleston Meadows.
Traditional builds are also available in Charleston Meadows.
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Palo Alto Unified is an award-winning, nationally recognized school district

More than 10,000 students in kindergarten through 12th grade are served by the Palo Alto Unified School District, which receives an overall A-plus rating from Niche and was ranked by Niche as the best school district in California for 2025. “Palo Alto is really known for their great public school system,” Orion says. The district was also named No. 8 on Niche’s “Best School Districts in America” 2025 list. Palo Alto Unified has 12 elementary schools, three middle schools and two comprehensive high schools; Henry M. Gunn High and Palo Alto High School both receive A-plus ratings for their athletic and academic programs. Part of the district’s success is attributed to its proximity to Stanford University, one of the world’s top higher education institutions.

Stanford University is a private research university with a sprawling 8,810-acre campus bordering Palo Alto. “Even though most of the student body lives on Stanford’s campus, they’d probably tell people who aren’t from the area that they live in Palo Alto,” says Caroline Reinhart, a recent alum of the university’s undergraduate and graduate degree programs. Stanford and Palo Alto are intertwined communities with shared public services, shopping centers and recreational amenities for all city and university residents.

Addison Elementary School in downtown Palo Alto excels in learning.
Addison Elementary School in downtown Palo Alto excels in learning.
Greene Middle School in Palo Alto fosters academic excellence throughout the programs.
Greene Middle School in Palo Alto fosters academic excellence throughout the programs.
Palo Alto High School has a lot of after school programs to help your kids in school.
Palo Alto High School has a lot of after school programs to help your kids in school.
Stanford University is one of the most elite schools you can go to in America.
Stanford University is one of the most elite schools you can go to in America.
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Dozens of city parks and nearby hiking trails

Thirty-six parks, five community centers and 41 miles of trailways for walking and biking are overseen and maintained by the city of Palo Alto. Residents can also explore more than 4,000 acres of open space at the Baylands and Foothills nature preserves. Orion says that locals can find miles of hiking and equestrian trails just west of Palo Alto in Portola Valley and Woodside, two recreation areas nestled in the foothills of the Santa Cruz Mountains. The coastal city of Santa Cruz and its sandy beaches are a 42-mile trip south, while the snowy ski resorts of Lake Tahoe are a 4-hour drive east. With a Mediterranean-like climate, residents can enjoy outdoor recreation all year round.

Kids love the Clubhouse at Mitchell Park.
Kids love the Clubhouse at Mitchell Park.
Village Green Dog Park is the perfect place to enjoy time with your dog.
Village Green Dog Park is the perfect place to enjoy time with your dog.
Enjoy a meal at the picnic tables at Del Medio Park.
Enjoy a meal at the picnic tables at Del Medio Park.
Lake Tahoe is a 4 hour drive from Palo Alto.
Lake Tahoe is a 4 hour drive from Palo Alto.
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Exploring downtown Palo Alto

Downtown Palo Alto encompasses University Avenue directly across from Stanford University’s main academic campus. Despite Silicon Valley’s bustling urban landscape, downtown Palo Alto maintains a small-town atmosphere with pedestrian-friendly blocks lined with small oak trees, eclectic storefronts and outdoor seating at local restaurants. Outside of downtown Palo Alto, many of the city’s popular dining options can be found along California Avenue. Opposite downtown across Route 82 is the Stanford Shopping Center, a massive indoor mall home to dozens of national retailers, department stores and chain eateries.

Many of the city’s sporting events, concerts and other festivities are hosted on Stanford University-owned land at campus venues like the Stanford Stadium, Bing Concert Hall, Stanford Maples Pavilion and the Frost Amphitheater. Stanford’s campus also has several museums, including the Cantor Arts Center and the adjacent Rodin Sculpture Garden. In the Old Palo Alto neighborhood off Embarcadero Road is the Palo Alto Junior Museum and Zoo, as well as the next-door Palo Alto Art Center and Rinconada Library.

Palo Alto Junior Museum & Zoo is a favorite of Community Center children.
Palo Alto Junior Museum & Zoo is a favorite of Community Center children.
The Stanford Shopping Mall is a great place for retail therapy in Palo Alto.
The Stanford Shopping Mall is a great place for retail therapy in Palo Alto.
Rinconada Pool is a public outdoor pool in Community Center.
Rinconada Pool is a public outdoor pool in Community Center.
Stanford is one of the best colleges to go to in the United States of America.
Stanford is one of the best colleges to go to in the United States of America.
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Getting around Silicon Valley

Two main thoroughfares run through Palo Alto: U.S. Route 101 and California State Route 82. Both are major Silicon Valley arteries stretching between San Francisco, 33 miles north, and San Jose, 17 miles south. Bus services are operated by both Stanford’s public transit system and the Valley Transportation Authority. “The big public transit system that people do use is the Caltrain,” Reinhart says. “There are two Caltrain stations in Palo Alto – there’s the main one in downtown and there’s the California Avenue station.” To catch a flight, the San Jose Mineta International Airport is 14 miles away and offers dozens of direct flights to major cities.

Crime in Palo Alto

Between 2020 and 2021, the Palo Alto Police Department reported a nearly 15% decrease in total reported crimes, going from 2,030 reported crimes in 2020 to 1,738 reported crimes in 2021. The vast majority of reported crimes both years were property-related crimes, specifically larceny and theft. Palo Alto has lower rates of violent crime compared to state-level and national figures, but slightly higher rates of property crime compared to California and the U.S.

Hayley Simms
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Hayley Simms
Anthony Halawa
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Anthony Halawa
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Video By
Melinda Anselmo

Interested in learning more about homes in this area? Reach out to Anne Moran, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Palo Alto Housing Trends

Housing Trends

Median List Price
$3,220,000
Median Sale Price
$3,450,000
Median Single Family Sale Price
$3,870,000
Median Townhouse Sale Price
$2,100,000
Median 2 Bedroom Sale Price
$1,275,000
Median Change From 1st List Price
-2%
Last 12 months Home Sales
494
Median Home Sale Price YoY Change
8%
Average Price Per Sq Ft
$1,813

Area Facts

Number of Homes in Neighborhood
16,591
Number of Homes for Sale
92
Median Year Built
1953
Months of Supply
2.20
Average Single Family Home Size Sq Ft
2,042
Above the national average
1,924
Average Townhouse Size Sq Ft
1,823
Average 2 Bedroom Size Sq Ft
1,261
Average 1 Bedroom Size Sq Ft
826
Average Studio Size Sq Ft
624
Median Lot Size Sq Ft
6,969

Open Houses

  • Friday, Sep 5
    Open Fri 9:30AM - 1:30PM

    653 Wildwood Ln, Palo Alto, CA 94303

    $5,490,000

    • 6 Beds
    • 4 Baths
    • 3,645 Sq Ft
    • 653 Wildwood Ln
    • New 1 day ago

    Set on nearly a quarter acre, this expanded and updated mid-century modern home offers more than 3,600 square feet of living space. Vaulted paneled ceilings, walls of glass, and distinctive architectural character speak to the home's original era, while thoughtful upgrades like oak floors and a modern kitchen with high-end Dacor appliances bring it into the present. The bright, open layout

    Michael Repka Deleon Realty

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  • Saturday, Sep 6
    Open Sat 1:30PM - 4:30PM

    4244 Los Palos Place, Palo Alto, CA 94306

    $3,980,000

    • 4 Beds
    • 3 Baths
    • 2,761 Sq Ft
    • 4244 Los Palos Place
    • New 15 hours ago

    Nestled on a quiet cul-de-sac in the desirable Green Acres neighborhood, this delightful home offers a wonderful balance of charm and functionality. Situated on a large and beautifully landscaped lot, this home benefits from ample natural light, making it a bright and inviting space. Inside, you'll find four comfortable bedrooms and three bathrooms, including a generous primary ensuite with a

    Riette Fallant Compass

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  • Friday, Sep 5
    Open Fri 9:30AM - 1PM

    365 Forest Ave Unit 2D, Palo Alto, CA 94301

    $1,995,000

    • 3 Beds
    • 2.5 Baths
    • 1,980 Sq Ft
    • 365 Forest Ave
    • Unit 2D
    • New 15 hours ago

    Welcome to this charming 3-bedroom, 2.5-bathroom condominium located in the heart of vibrant Downtown Palo Alto. With a spacious 1,980 square feet, this property offers a blend of comfort and practicality. On the entry level, a comforting fireplace adds warmth to the living area, making it an inviting spot to relax. Enjoy the open dining area and adjacent deck which provide a pleasant space for

    Veronica Kogler Coldwell Banker Realty

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Palo Alto

Property Mix - Square Feet

Weather

Annual Precipitation
14''
Average Winter Low Temperature
39°F
Average Summer High Temperature
80°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®®

52 / 100

Car-Dependent

Walk Score®®

11 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Palo Alto