Los Altos, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Los Altos, CA Housing Market Trends

With a population of 30,089, 10,652 total housing units (homes and apartments), and a median house value of $3,104,682, Los Altos house prices are not only among the most expensive in California, Los Altos real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Los Altos, accounting for 81.16% of the city's housing units. Other types of housing that are prevalent in Los Altos include large apartment complexes or high rise apartments ( 11.49%), row houses and other attached homes ( 5.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Los Altos. Owner-occupied housing accounts for 80.27% of Los Altos's homes, and 67.30% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Los Altos's housing was primarily built during this period, from the '40s through the '60s. A full 61.77% of the city's housing hails from this era. Other housing ages represented in Los Altos include homes built between 1970-1999 ( 22.89%) and housing constructed between 2000 and later ( 12.70%). There's also some housing in Los Altos built before 1939 ( 2.64%).

Los Altos Home Appreciation Rates

In the last 10 years, Los Altos has experienced some of the highest home appreciation rates of any community in the nation. Los Altos real estate appreciated 101.93% over the last ten years, which is an average annual home appreciation rate of 7.28%, putting Los Altos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Los Altos definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Los Altos appreciation rates have trailed the rest of the nation. In the last twelve months, Los Altos's appreciation rate has been 3.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Altos were at 1.83%, which equates to an annual appreciation rate of 7.51%.

Notably, Los Altos's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Los Altos's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Los Altos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Altos - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Los Altos real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$3,104,682

Los Altos, CA HOME PRICES

> $1,009,000
95.2%
95.2%
$757,001 - $1,009,000
1.7%
1.7%
$504,001 - $757,000
0.9%
0.9%
$404,001 - $504,000
0.7%
0.7%
$303,001 - $404,000
0.7%
0.7%
$202,001 - $303,000
0.4%
0.4%
$101,001 - $202,000
0.2%
0.2%
$50,001 - $101,000
0.1%
0.1%
$0 - $50,000
0.1%
0.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
10,652

Los Altos Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
110.05% 3.51%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$5,341 / per month

Homeownership Rate

Owners
80.3%
80.3%
Renters
19.7%
19.7%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.7%
12.7%
1970 - 1999
22.9%
22.9%
1940 - 1969
61.8%
61.8%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.2%
81.2%
Townhomes
5.3%
5.3%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
11.5%
11.5%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
4.3%
4.3%
2 Bedrooms
13.2%
13.2%
3 Bedrooms
31.1%
31.1%
4 Bedrooms
36.2%
36.2%
5 or more bedrooms
13.6%
13.6%
0.0% 100.0%
% OF HOMES