Palo Alto, California is a part of the Mountain View/Los Altos submarket area, and contains 6 zip codes: 94306, 94302, 94304, 94303, 94301, and 94309.
The 2019 average effective rent for Class A, B, and C apartments in the Palo Alto, CA submarket area was $3,403, which is 30.08% higher than 2014 average rent. This represents a compounded annual growth rate of 5.40%. 2019 vacancy in Palo Alto, CA was 4.30%.
The total population of the city of Palo Alto, CA has grown 3.51% since 2010. As of 2018, the population was 66,666. The median household income of the Palo Alto was $157,120, which is 160.59% higher than the national average.