Similar to nearby areas, it is substantially less expensive compared to the rest of the country. Compared to the city of Philadelphia, it's significantly less expensive.
Home prices
The median home in Palo Alto costs $75,500. Compared to its nearby areas this is is very similar.Compared to the United States as a whole it is roughly $142,000 (65%) lower, and is approximately $87,500 (53%) lower in comparison to the city of Philadelphia.
Rents
In Palo Alto the median monthly rent is $733. This is approximately $65 (8%) lower in comparison to nearby areas.It is about $329 (30%) lower in comparison to the rest of the country, and in comparison to the city of Philadelphia is about $309 (29%) lower.
Nearby places
Mechanicsville
Mechanicsville is Palo Alto's neighbor to the northwest. The real estate prices there are a little more expensive. The price of the median home in Mechanicsville is $86,300, which works out to $10,800 (12%) higher than Palo Alto. The rent there is a little more expensive. The median monthly rent in Mechanicsville is $967, which comes out to $234 (24%) higher than Palo Alto.
Port Carbon
Port Carbon is Palo Alto's neighbor to the north. Real estate prices there are somewhat more expensive. The median home in Port Carbon is valued at $79,600, which comes out to $4,100 (5%) higher than Palo Alto. Rent there is fairly similar. Port Carbon's median rent is $744 a month, which works out to $11 (1%) higher than Palo Alto.
Pottsville
Pottsville is Palo Alto's neighbor to the west. Its housing prices are a bit less expensive. The median home in Pottsville is valued at $71,400, which comes out to $4,100 (5%) lower than Palo Alto. Rents there are a bit less expensive. Pottsville's median monthly rent is $659, which comes out to $74 (11%) lower than Palo Alto.
Mount Carbon
Mount Carbon is approximately 1 mile southwest from Palo Alto. The housing prices there are a little less expensive. The median home in Mount Carbon costs $60,000, which comes out to $15,500 (25%) lower than Palo Alto. Its rents are a little more expensive. Mount Carbon's median monthly rent is $775, which is $42 (5%) higher than Palo Alto.
Cumbola
Cumbola is roughly 2 miles northeast from Palo Alto. Its housing prices are a bit more expensive. The median home value in Cumbola is $80,000, which comes out to $4,500 (5%) higher than Palo Alto. The rent there is a little more expensive. In Cumbola the median monthly rent is $843, which works out to $110 (13%) higher than Palo Alto.
