Home Price and Rents – Menlo Park, CA 94025

Home Price and Rents – Menlo Park, CA 94025


94025 Home Prices & Values

The median home value in 94025 is $1,968,900. 94025 home values have declined -2.0% over the past year and Zillow predicts they will fall -3.2% within the next year. The median list price per square foot in 94025 is $1,120, which is lower than the Menlo Park average of $1,131. The median rent price in 94025 is $5,900.

Foreclosures will be a factor impacting home values in the next several years. In 94025 1.6 homes are foreclosed (per 10,000). This is the same as the Menlo Park value of 1.6 and also the same as 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 94025 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 94025 homeowners underwater on their mortgage is 0.0%, which is the same as Menlo Park at 0.0%.

Market Overview

Data through May 31, 2017

$1,968,900 ZHVI

-3.2% 1-yr forecast (May 31, 2018)

Market Health

Data through May 31, 2017

8.2/10 Very healthy

Listings & Sales

Data through May 31, 2017

$1,120 Median list price / sq ft

10.2% Listings with price cut

Rentals

Data through May 31, 2017

ZILLOW RENT INDEX

7.0 Breakeven horizon (Sep 30, 2016)

$5,900 Rent list price