Located within Santa Clara County, 35 miles south of San Francisco and 14 miles north of San Jose is the bustling city of Palo Alto. Named after a majestic ancient coastal redwood tree along San Francisquito Creek where early Spanish explorers settled more than 100 years ago, the city of Palo Alto was established by Leland Stanford when he started Stanford University in 1884. Often known as being the birthplace of the Silicon Valley, today Palo Alto is a blend of innovative high tech companies and residential neighborhoods.
With it’s tree-lined streets, numerous parks, excellent schools, and open space, as well as a vibrant downtown area, it’s no surprise that Palo Alto is considered one of the most desirable places to live on the San Francisco Peninsula. With a median house price well over $1 million, the Palo Alto area draws people of high educational, professional status as well as a younger, more ethnically diverse Stanford University population.
Palo Alto is strategically located and easily accessible to major surface routes, including Interstate 280, Highway 101, Highway 85, Highway 84 – the Dumbarton Bridge – and Highway 92 – the Hayward-San Mateo Bridge – making it an ideal location for anyone who works in the Silicon Valley or San Francisco. Palo Alto residents also enjoy easy access to the commuter train, which is conveniently located in the downtown area.
FACTS & DEMOGRAPHICS
Owner-Occupied Housing: 14,766 (55.7%)
Renter-Occupied Housing: 11,727 (44.3%)
Estimated Median Household Income: $117,127
2012 Median Home Selling Price – Single Family: $1,727,500
2012 Median Home Selling Price – Condominiums: $890,000
*according to the 2010 United States Census unless otherwise noted.