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
With 33,449 people, 11,907 houses or apartments, and a median cost of homes of $1,921,602, Menlo Park house prices are not only among the most expensive in California, Menlo Park 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 Menlo Park, accounting for 55.88% of the city's housing units. Other types of housing that are prevalent in Menlo Park include large apartment complexes or high rise apartments ( 25.62%), duplexes, homes converted to apartments or other small apartment buildings ( 11.82%), and a few row houses and other attached homes ( 6.20%).
People in Menlo Park primarily live in small (one, two or no bedroom) single-family detached homes. Menlo Park 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. Menlo Park's housing was primarily built during this period, from the '40s through the '60s. A full 61.78% of the city's housing hails from this era. Other housing ages represented in Menlo Park include homes built between 1970-1999 ( 25.39%) and housing constructed before 1939 ( 6.78%). There's also some housing in Menlo Park built between 2000 and later ( 6.05%).
In the last 10 years, Menlo Park has experienced some of the highest home appreciation rates of any community in the nation. Menlo Park real estate appreciated 47.16% over the last ten years, which is an average annual home appreciation rate of 3.94%, putting Menlo Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Menlo Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Menlo Park that despite a nationwide downturn in the housing market, Menlo Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Menlo Park appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 82.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Menlo Park. Menlo Park appreciation rates in the latest quarter were at 2.15%, which equates to an annual appreciation rate of 8.89%.
Relative to California, our data show that Menlo Park'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 Menlo Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Menlo Park - 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 Menlo Park real estate investment or home purchase decisions.
|$1,067,001 - $1,423,000||11.6|
|$711,001 - $1,067,000||11.0|
|$569,001 - $711,000||6.4|
|$427,001 - $569,000||4.5|
|$285,001 - $427,000||1.2|
|$142,001 - $285,000||2.1|
|$71,001 - $142,000||0.4|
|$0 - $71,000||0.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Menlo Park HOMES|
|2000 or Newer||6.0|
|1970 - 1999||25.4|
|1940 - 1969||61.8|
|1939 or Older||6.8|
|TYPE OF Menlo Park HOMES|
|Small Apt. Buildings||11.8|
|SIZE OF Menlo Park HOMES|
|5 or more bedrooms||5.76|