Home Price and Rents – Palo Alto, CA 94306

Home Price and Rents – Palo Alto, CA 94306


94306 Home Prices & Values

ZILLOW HOME VALUE INDEX

$2,469,200

The median home value in 94306 is $2,469,200. 94306 home values have gone up 1.7% over the past year and Zillow predicts they will fall -2.4% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In 94306 1.4 homes are foreclosed (per 10,000). This is greater than the Palo Alto value of 0.7 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 94306 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 94306 homeowners underwater on their mortgage is 0.0%, which is lower than Palo Alto at 0.0%.

Market Overview

Data through May 31, 2017

$2,469,200 Zillow Home Value Index

▼   -2.4% 1-yr forecast (May 31, 2018)

Market Health

Data through May 31, 2017

▲   8.8/10 Very healthy

Rentals

Data through May 31, 2017

ZILLOW RENT INDEX

$5,939 94306

$6,171 Palo Alto

$1,426 United States

8.2 Breakeven horizon (Sep 30, 2016)

$3.56 Rent list price / sq ft