Palo Alto, CA
Housing, demographics, economy, and public safety data for Palo Alto, California.
Updated Apr 1.
Housing
Zillow Home Value Index for middle-tier homes.
$3.7M
Trend YoY growth is +5.7%, slowing by 3 bps/year over the last 25Y. Deviations have remained below trend for 11 consecutive periods. Latest: +1.9%, 3.8 pp below trend, a 0.52σ deviation. The latest YoY reading is depressed by 2.2 pp due to an tough comparison base from Apr '25. At current levels, YoY would rise to +4.9% by Jul '26 as comparisons ease.
Level
YoY %
y = 6.4% − 3 bps/yr · t
Deviation from trend
Zillow Observed Rent Index for all home types.
4.1kUSD/mo
Trend YoY growth is +4.0%, accelerating by 40 bps/year over the last 10Y. Deviations have remained above trend for 10 consecutive periods. Latest: +5.7%, 1.7 pp above trend, a 0.54σ deviation. The latest YoY reading is boosted by 96 bps due to an easy comparison base from Apr '25. At current levels, YoY would fall to +1.9% by Jul '26 as comparisons tighten.
Level
YoY %
y = 0.0% + 40 bps/yr · t
Deviation from trend
Demographics
No data
No data
No data
No data
No data
Economy
No data
No data
Public Safety
Violent crimes (murder, rape, robbery, assault) per 100k residents.
Palo Alto PD (FBI CDE)
158.5per 100k
Trend YoY growth is 2.0x, slowing by 27.1 pp/year over the last 5Y. Deviations have remained below trend for 4 consecutive periods. Latest: 0.7x, 122.4 pp below trend, a 0.34σ deviation. The latest YoY reading is boosted by 121.6 pp due to an easy comparison base from 2024.
Level
YoY %
y = 231.1% − 27.1 pp/yr · t
Deviation from trend
Property crimes (burglary, theft, vehicle theft) per 100k residents.
Palo Alto PD (FBI CDE)
2.9kper 100k
Trend YoY growth is 1.8x, slowing by 16.4 pp/year over the last 5Y. Deviations have remained below trend for 6 consecutive periods. Latest: 0.9x, 87.0 pp below trend, a 0.37σ deviation. The latest YoY reading is boosted by 89.7 pp due to an easy comparison base from 2024.
Level
YoY %
y = 163.2% − 16.4 pp/yr · t
Deviation from trend
Key Insight
Palo Alto's housing market is decoupling into a stagnating ownership market and an accelerating rental market, signaling a structural affordability squeeze that is pushing demand from buying to renting.
Palo Alto, CA
Housing, demographics, economy, and public safety data for Palo Alto, California.
Updated Apr 1.
Housing
Zillow Home Value Index for middle-tier homes.
$3.7M
Trend YoY growth is +5.7%, slowing by 3 bps/year over the last 25Y. Deviations have remained below trend for 11 consecutive periods. Latest: +1.9%, 3.8 pp below trend, a 0.52σ deviation. The latest YoY reading is depressed by 2.2 pp due to an tough comparison base from Apr '25. At current levels, YoY would rise to +4.9% by Jul '26 as comparisons ease.
Level
YoY %
y = 6.4% − 3 bps/yr · t
Deviation from trend
Zillow Observed Rent Index for all home types.
4.1kUSD/mo
Trend YoY growth is +4.0%, accelerating by 40 bps/year over the last 10Y. Deviations have remained above trend for 10 consecutive periods. Latest: +5.7%, 1.7 pp above trend, a 0.54σ deviation. The latest YoY reading is boosted by 96 bps due to an easy comparison base from Apr '25. At current levels, YoY would fall to +1.9% by Jul '26 as comparisons tighten.
Level
YoY %
y = 0.0% + 40 bps/yr · t
Deviation from trend
Demographics
No data
No data
No data
No data
No data
Economy
No data
No data
Public Safety
Violent crimes (murder, rape, robbery, assault) per 100k residents.
Palo Alto PD (FBI CDE)
158.5per 100k
Trend YoY growth is 2.0x, slowing by 27.1 pp/year over the last 5Y. Deviations have remained below trend for 4 consecutive periods. Latest: 0.7x, 122.4 pp below trend, a 0.34σ deviation. The latest YoY reading is boosted by 121.6 pp due to an easy comparison base from 2024.
Level
YoY %
y = 231.1% − 27.1 pp/yr · t
Deviation from trend
Property crimes (burglary, theft, vehicle theft) per 100k residents.
Palo Alto PD (FBI CDE)
2.9kper 100k
Trend YoY growth is 1.8x, slowing by 16.4 pp/year over the last 5Y. Deviations have remained below trend for 6 consecutive periods. Latest: 0.9x, 87.0 pp below trend, a 0.37σ deviation. The latest YoY reading is boosted by 89.7 pp due to an easy comparison base from 2024.
Level
YoY %
y = 163.2% − 16.4 pp/yr · t
Deviation from trend