Palo Alto Hills median real estate price is $4,650,748, which is more expensive than 99.7% of the neighborhoods in California and 99.9% of the neighborhoods in the U.S.
The average rental price in Palo Alto Hills is currently $5,386, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.0% of the neighborhoods in California.
Palo Alto Hills is a suburban neighborhood (based on population density) located in Los Altos Hills, California.
Palo Alto Hills real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Palo Alto Hills neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Palo Alto Hills has a 11.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Palo Alto Hills neighborhood is wealthier than 99.8% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Palo Alto Hills also has one of the lowest ratings of child poverty in the nation.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 65.6% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.9% of U.S. neighborhoods, where the average American neighborhood has 12.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, according to NeighborhoodScout's exclusive analysis, Palo Alto Hills is among the best neighborhoods for families in California. In fact, this neighborhood is more family-friendly than 98.6% of neighborhoods in the entire state of California. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Palo Alto Hills neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for active retirees, highly educated executives and urban sophisticates.
Executives, managers and professionals make up 80.4% of the workforce in the Palo Alto Hills neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
One way that the Palo Alto Hills neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
In addition, the Palo Alto Hills neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.6% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.3% of all neighborhoods in America.
Did you know that the Palo Alto Hills neighborhood has more Iranian and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Iranian ancestry and 3.0% have Danish ancestry.
Palo Alto Hills is also pretty special linguistically. Significantly, 4.1% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Palo Alto Hills neighborhood in Los Altos Hills are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Palo Alto Hills neighborhood, 80.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 9.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.0%), and 2.9% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Palo Alto Hills neighborhood is English, spoken by 53.7% of households. Other important languages spoken here include Chinese, Langs. of India, Persian and French.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Palo Alto Hills neighborhood in Los Altos Hills, CA, residents most commonly identify their ethnicity or ancestry as Asian (38.2%). There are also a number of people of English ancestry (9.8%), and residents who report German roots (6.0%), and some of the residents are also of Irania ancestry (5.4%), along with some Italian ancestry residents (4.1%), among others. In addition, 40.5% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Palo Alto Hills neighborhood spend between 15 and 30 minutes commuting one-way to work (40.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.5%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2020 (latest available). Updated annually. Please note: Unemployment data updated February 2022.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2020 calendar year; released from FBI in Sept. 2021 (latest available). Updated annually. Where is 2021 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more about Scout's School Data
There are no schools physically located in this neighborhood.
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SEE ALL SCHOOLSAnalytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
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