Real Estate Prices & Overview
Old Palo Alto median real estate price is $5,403,520, which is more expensive than 99.5% of the neighborhoods in California and 99.9% of the neighborhoods in the U.S.
The average rental price in Old Palo Alto is currently $5,849, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 98.3% of the neighborhoods in California.
Old Palo Alto is an urban neighborhood (based on population density) located in Palo Alto, California.
Old Palo Alto real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Old Palo Alto neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 6.0% in Old Palo Alto. 蘑菇视频 analysis shows that this rate is lower than 58.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to 蘑菇视频's exclusive exploration and analysis.
People
Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. 蘑菇视频's exclusive analysis reveals that 58.2% 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 99.7% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Old Palo Alto neighborhood: a neighborhood in which more "urban sophisticates" live than 99.6% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives, active retirees and families with school-aged children.
Also, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.6% of America's neighborhoods are wealthier than the Old Palo Alto neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to 蘑菇视频's research, the folks of the Old Palo Alto neighborhood may actually hold the key. 68.9% of its residents are married, which is a higher percentage than is found in 95.2% of the neighborhoods in America.
Occupations
Executives, managers and professionals make up 85.3% of the workforce in the Old Palo Alto neighborhood which, according to 蘑菇视频's exclusive analysis, is a higher proportion of such high-level people than is found in 99.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.9% of residents in the Old Palo Alto neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.1% of all neighborhoods in the U.S., according to 蘑菇视频's exclusive analysis.
Also, in the Old Palo Alto neighborhood, many people's commute means walking from the bedroom to the home office. 蘑菇视频's analysis found that 35.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the Old Palo Alto neighborhood has more Asian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 40.9% of this neighborhood's residents have Asian ancestry and 1.9% have Iranian ancestry.
Old Palo Alto is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America.
The Neighbors
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. 蘑菇视频's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Old Palo Alto neighborhood in Palo Alto are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 99.4% of the neighborhoods in America. In addition, 2.2% 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 74.2% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Old Palo Alto neighborhood, 85.3% 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 7.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.1%).
Languages
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 Old Palo Alto neighborhood is English, spoken by 60.0% of households. Other important languages spoken here include Chinese, Spanish, Arabic and Korean.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture 鈥� some more unique than others 鈥� based on lifestyle, occupations, the types of households 鈥� and importantly 鈥� on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Old Palo Alto neighborhood in Palo Alto, CA, residents most commonly identify their ethnicity or ancestry as Asian (40.9%). There are also a number of people of English ancestry (13.2%), and residents who report Irish roots (9.1%), and some of the residents are also of German ancestry (8.3%), along with some Italian ancestry residents (5.2%), among others. In addition, 38.0% of the residents of this neighborhood were born in another country.
Getting to Work
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 Old Palo Alto neighborhood spend between 15 and 30 minutes commuting one-way to work (48.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (49.3%) drive alone in a private automobile to get to work. In addition, quite a number also bicycle to get to work (6.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
