Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 28,383 people, 7,998 houses or apartments, and a median cost of homes of $1,239,189, East Palo Alto house prices are not only among the most expensive in California, East Palo Alto real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in East Palo Alto, accounting for 56.61% of the city's housing units. Other types of housing that are prevalent in East Palo Alto include large apartment complexes or high rise apartments ( 35.18%), row houses and other attached homes ( 3.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.97%).
People in East Palo Alto primarily live in small (one, two or no bedroom) single-family detached homes. East Palo Alto has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. East Palo Alto's housing was primarily built during this period, from the '40s through the '60s. A full 57.01% of the city's housing hails from this era. Other housing ages represented in East Palo Alto include homes built between 2000 and later ( 20.01%) and housing constructed between 1970-1999 ( 19.93%). There's also some housing in East Palo Alto built before 1939 ( 3.06%).
Real estate appreciation rates in East Palo Alto's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.21% during the period.
Over the last year, East Palo Alto appreciation rates have trailed the rest of the nation. In the last twelve months, East Palo Alto's appreciation rate has been 4.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Palo Alto were at 2.58%, which equates to an annual appreciation rate of 10.71%.
Relative to California, our data show that East Palo Alto's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within East Palo Alto differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Palo Alto - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best East Palo Alto real estate investment or home purchase decisions.
$1,239,189
for California
for nation
7,998
$3,301 / per month