Palo Alto

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Whether you are a first time home buyer or trading up to a larger home in Palo Alto, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Palo Alto Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Palo Alto, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify.

Palo Alto California Overview & Statistics

Palo Alto Overview

As of 2007, Palo Alto's population is 57,809 people. Since 2000, it has had a population growth of -1.35 percent.

The median home cost in Palo Alto is $1,415,100. Home appreciation the last year has been -2.29 percent.

Compared to the rest of the country, Palo Alto's cost of living is 134.42% Higher than the U.S. average.

Palo Alto public schools spend $7,606 per student. The average school expenditure in the U.S. is $6,058. There are about 17 students per teacher in Palo Alto.

The unemployment rate in Palo Alto is 2.30 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Palo Alto jobs have Increased by 2.32 percent.

Palo Alto Climate

Palo Alto, CA, gets 17 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 56.

On average, there are 261 sunny days per year in Palo Alto, CA. The July high is around 78 degrees. The January low is 39. Our comfort index, which is based on humidity during the hot months, is a 52 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Palo Alto Housing

The median home value in Palo Alto, CA, is $1,415,100. Home appreciation is -2.29% over the last year. The median age of Palo Alto, CA, real estate is 48 years.

Palo Alto, CA Apartments and Rentals

Renters make up 42.08% of the Palo Alto, CA, population. 3.23% of houses and apartments in Palo Alto, CA, are unoccupied (vacancy rate).

Palo Alto Crime

Palo Alto, CA, violent crime, on a scale from 1 (low crime) to 10, is 3. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Palo Alto, CA, property crime, on a scale from 1 (low) to 10, is 5. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.cityofpaloalto.org

Palo Alto Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans