Home Price and Rents – Palo Alto, CA 94303
94303 Home Prices & Values
$1,721,300
The median home value in 94303 is $1,721,300. 94303 home values have declined -0.7% over the past year and Zillow predicts they will fall -3.1% within the next year.
Foreclosures will be a factor impacting home values in the next several years. In 94303 0.9 homes are foreclosed (per 10,000). This is lower than the East Palo Alto value of 1.3 and also lower than the national value of 1.6
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 94303 is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 94303 homeowners underwater on their mortgage is 0.0%.
Market Overview
Data through May 31, 2017
$1,721,300 Zillow Home Value Index
▼ $1.67M (-3.1% 1-yr forecast – May 31, 2018)
Market Health
Data through May 31, 2017
▲ 6.0/10 Healthy
Rentals
Data through May 31, 2017
ZILLOW RENT INDEX
7.2 Breakeven horizon (Sep 30, 2016)