East Palo Alto, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the East Palo Alto, California rental market.
East Palo Alto, California
Average Apartment Rent
$2,877
Y-o-Y Change in Average
Apartment Rent
4.4%
As of November 2024
Compared to a year ago, East Palo Alto, California apartments have recorded a 4.4% rent increase.
East Palo Alto, California Average apartment rent trend
East Palo Alto, California Average Apartment Rent
East Palo Alto, California Apartment rent ranges
At 84.64%, apartments priced Over $2,000 represent the bulk of East Palo Alto, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 15.36%.
East Palo Alto, California Housing tenure**
Renters take up 52% of East Palo Alto, California real estate, occupying a total of 4,185 units, while homeowners live in 3,813 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$69,683
Average household size of renter-occupied housing units**
3.63
Rental vacancy rate**
8.9%
East Palo Alto, California Renter-occupied housing units by no. of bedrooms**
There are 1,233 rentals in East Palo Alto, California with 1 bed making up the highest share of the market, at 29%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 129 units. Overall, the median number of rooms in East Palo Alto, California homes for rent is 3.6.
East Palo Alto, California Renter-occupied units by age of householder**
Most condos for rent in East Palo Alto, California are occupied by residents in the 45 - 54 years age group (28%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
East Palo Alto, California Renter-occupied housing units by family type**
East Palo Alto, California Renter-occupied housing units by the presence of own children**
A total of 2,992 apartments for rent in East Palo Alto, California, or 71% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 1,796 units. All in all, the median size of a renter-occupied household in East Palo Alto, California is 3.63.
East Palo Alto, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 37% of the homes for rent in East Palo Alto, California.
East Palo Alto, California Renter-occupied units by year structure built**
The highest share of East Palo Alto, California apartment rentals, namely 25% or 1,042 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (22%, 924 units), and the ones Built 1970 - 1979 (14%, 605 units).
East Palo Alto, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most East Palo Alto, California renters (44%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their East Palo Alto, California condos for rent is 2014.
East Palo Alto, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 34% of East Palo Alto, California renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 10% have No vehicle available.
East Palo Alto, California Means of transportation to work of householders living in renter-occupied housing units**
East Palo Alto, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all East Palo Alto, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
