ZIP 94306
Palo Alto, CA
Data based on listings and public records observed by Rufus. May not represent the entire market.
ZIP 94306 covers 10 tracked apartment buildings totaling 682 units in Palo Alto, CA, with an average asking rent of $4,062 — in the top decile of U.S. rents for this ZIP code. Asking rents span $2,445 to $7,500 across the available inventory. Occupancy sits at 97.2%, indicating a very tight market with little slack for new demand.
The for-sale market in this ZIP code shows a median asking price of $2,675,000 ($1,543 per square foot). For-sale listings sit on the market for an average of 43 days. As of the most recent snapshot Rufus is tracking 32 active listings. HMDA mortgage data for the county covering Palo Alto shows an average loan amount of $1,256,849 at an average interest rate of 6.55%. 22,932 loans were originated in the most recent reporting year, a denial rate close to the national average.
Rufus refreshes this ZIP code snapshot from live scraping of listing sources and public deed and mortgage records; figures are observed rather than reported by owners and may differ from marketing brochures.
Building Vintage
Largest Buildings
| Property | Units | Built | Avg Rent |
|---|---|---|---|
| Stanford Villa | 209 | 1975 | $3,471 |
| Southwood Apartments | 100 | 1985 | $3,500 |
| Terman | 92 | 1984 | $4,441 |
| Park Plaza | 82 | 2016 | $7,500 |
| Tan Plaza Apartments | 61 | 1965 | $5,642 |
| Layne Court Apartments | 46 | 1953 | $2,928 |
| Merrilee Terrace Apartments | 39 | 1968 | $3,595 |
| Union Plaza Apartments | 37 | 1960 | $2,932 |
| Birch Plaza | 8 | 2015 | $6,900 |
| 411 California Ave | 8 | 1950 | $2,850 |