{
  "schema_version": "1.0",
  "submarket": {
    "slug": "palo-alto-menlo-park-ca",
    "name": "Palo Alto / Menlo Park",
    "state": "CA",
    "city": "MENLO PARK",
    "cbsa": "San Francisco-Oakland-Fremont",
    "zip_codes": [
      "94025",
      "94027",
      "94301"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:04.693Z",
    "last_updated_at": "2026-06-02T13:16:11.962Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 3217,
        "low": 3040,
        "high": 3394,
        "mom_pct": 6.193295454545455,
        "yoy_pct": 11.527386363636364
      },
      "2br": {
        "median": 3894,
        "low": 3660,
        "high": 4127,
        "mom_pct": -0.09883116883116883,
        "yoy_pct": 2.30012987012987
      },
      "3br": {
        "median": 5708,
        "low": 5451,
        "high": 5965,
        "mom_pct": 1.5494444444444444,
        "yoy_pct": 8.280555555555557
      },
      "4br": {
        "median": 5617,
        "low": 5535,
        "high": 5853,
        "mom_pct": 0.7866666666666666,
        "yoy_pct": 3.796666666666667
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 3362,
        "low": 3238,
        "high": 3487,
        "mom_pct": -0.6086666666666666,
        "yoy_pct": 5.993333333333333
      },
      "2br": {
        "median": 4507,
        "low": 4305,
        "high": 4710,
        "mom_pct": 1.74375,
        "yoy_pct": 6.75875
      },
      "3br": {
        "median": 5648,
        "low": 5394,
        "high": 5902,
        "mom_pct": -0.009285714285714342,
        "yoy_pct": 6.340714285714285
      },
      "4br": {
        "median": 5701,
        "low": 5631,
        "high": 5940,
        "mom_pct": 0.6499999999999999,
        "yoy_pct": 4.116666666666666
      }
    },
    "single_family": {
      "1br": {
        "median": 3503,
        "low": 3380,
        "high": 3625,
        "mom_pct": -5.072727272727272,
        "yoy_pct": -0.7445454545454543
      },
      "2br": {
        "median": 4475,
        "low": 4375,
        "high": 4663,
        "mom_pct": 0.7215384615384616,
        "yoy_pct": 4.946923076923077
      },
      "3br": {
        "median": 5880,
        "low": 5528,
        "high": 6233,
        "mom_pct": 0.2807142857142857,
        "yoy_pct": 8.338928571428571
      },
      "4br": {
        "median": 6371,
        "low": 6104,
        "high": 6639,
        "mom_pct": 2.5152380952380953,
        "yoy_pct": 4.44952380952381
      }
    }
  },
  "vacancy": 3.4910333333333337,
  "days_on_market": {
    "apartment": 24,
    "condo_townhome": 29,
    "single_family": 24
  },
  "ai_summary": [
    {
      "headline": "1BR apartment rents rise 6.2% MoM",
      "body": "In the Palo Alto / Menlo Park (94025, 94027, 94301) rental market, 1-bedroom apartments reached a median rent of $3,217, increasing by 6.2% month-over-month and 11.5% year-over-year. This segment posted both the sharpest monthly and annual gains for apartments, reflecting notable rental appreciation for smaller units in April 2026."
    },
    {
      "headline": "2BR condos command a $613 premium",
      "body": "For 2-bedroom units in Palo Alto / Menlo Park (94025, 94027, 94301), condos averaged $4,507, leading 2-bedroom apartments at $3,894 by $613. These condos also showed a larger year-over-year increase at 6.8%, compared with a 2.3% gain for apartments in the same segment."
    },
    {
      "headline": "4BR single-family homes up 2.5% MoM",
      "body": "With a 2.5% month-over-month rent increase, Palo Alto / Menlo Park (94025, 94027, 94301) rental trends reveal that 4-bedroom single-family homes now average $6,371. This represents the largest monthly gain among multi-bedroom rentals, with a 4.4% climb year-over-year for this property type."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Palo Alto / Menlo Park, CA range from $3,217 to $6,371 per month depending on property type and bedroom count.",
      "The largest year-over-year increase is seen in 1BR apartment rents, which rose 11.53% in Palo Alto / Menlo Park, CA compared to April 2025.",
      "For 3BR units, single-family homes command a median rent of $5,880, outpacing apartments at $5,708 and condos/townhomes at $5,648."
    ],
    "qa": [
      {
        "question": "What are the typical rent levels in Palo Alto / Menlo Park, CA as of April 2026?",
        "answer": "Median rents range from $3,217 for a 1BR apartment to $6,371 for a 4BR single-family home in Palo Alto / Menlo Park, CA as of April 2026."
      },
      {
        "question": "How much do single-family homes cost compared to apartments for the same bedroom count in Palo Alto / Menlo Park, CA?",
        "answer": "For 4BR units, single-family homes are priced at $6,371 per month, while apartments cost $5,617 per month—a premium of $754 in Palo Alto / Menlo Park, CA for April 2026."
      },
      {
        "question": "Which property and bedroom combination is the most expensive in Palo Alto / Menlo Park, CA?",
        "answer": "The highest median rent in Palo Alto / Menlo Park, CA is for 4BR single-family homes at $6,371 per month in April 2026."
      },
      {
        "question": "What is the rent premium for single-family homes over condos/townhomes for the same bedroom count in Palo Alto / Menlo Park, CA?",
        "answer": "For 3BR units, single-family homes cost $5,880 per month, while condos/townhomes cost $5,648, resulting in a $232 premium for single-family homes in Palo Alto / Menlo Park, CA as of April 2026."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 3217,
          "2br": 3894,
          "3br": 5708,
          "4br": 5617
        },
        "condo_townhome": {
          "1br": 3362,
          "2br": 4507,
          "3br": 5648,
          "4br": 5701
        },
        "single_family": {
          "1br": 3503,
          "2br": 4475,
          "3br": 5880,
          "4br": 6371
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 2997,
          "2br": 3878,
          "3br": 5782,
          "4br": 5565
        },
        "condo_townhome": {
          "1br": 3381,
          "2br": 4519,
          "3br": 5697,
          "4br": 5643
        },
        "single_family": {
          "1br": 3650,
          "2br": 4446,
          "3br": 5904,
          "4br": 6236
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 2952,
          "2br": 3825,
          "3br": 5868,
          "4br": 5589
        },
        "condo_townhome": {
          "1br": 3339,
          "2br": 4458,
          "3br": 5542,
          "4br": 5666
        },
        "single_family": {
          "1br": 3663,
          "2br": 4497,
          "3br": 5650,
          "4br": 6281
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 3151,
          "2br": 3820,
          "3br": 5406,
          "4br": 5607
        },
        "condo_townhome": {
          "1br": 3335,
          "2br": 4463,
          "3br": 5522,
          "4br": 5677
        },
        "single_family": {
          "1br": 3694,
          "2br": 4498,
          "3br": 5658,
          "4br": 6262
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 3125,
          "2br": 3964,
          "3br": 5513,
          "4br": 5625
        },
        "condo_townhome": {
          "1br": 3303,
          "2br": 4440,
          "3br": 5532,
          "4br": 5689
        },
        "single_family": {
          "1br": 3714,
          "2br": 4523,
          "3br": 5668,
          "4br": 6201
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 3114,
          "2br": 3995,
          "3br": 5485,
          "4br": 5670
        },
        "condo_townhome": {
          "1br": 3325,
          "2br": 4479,
          "3br": 5567,
          "4br": 5742
        },
        "single_family": {
          "1br": 3753,
          "2br": 4534,
          "3br": 5702,
          "4br": 6287
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 3075,
          "2br": 3985,
          "3br": 5484,
          "4br": 5693
        },
        "condo_townhome": {
          "1br": 3336,
          "2br": 4512,
          "3br": 5561,
          "4br": 5772
        },
        "single_family": {
          "1br": 3764,
          "2br": 4542,
          "3br": 5682,
          "4br": 6322
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 3065,
          "2br": 3916,
          "3br": 5370,
          "4br": 5687
        },
        "condo_townhome": {
          "1br": 3332,
          "2br": 4461,
          "3br": 5501,
          "4br": 5772
        },
        "single_family": {
          "1br": 3757,
          "2br": 4547,
          "3br": 5691,
          "4br": 6375
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 3026,
          "2br": 3934,
          "3br": 5424,
          "4br": 5657
        },
        "condo_townhome": {
          "1br": 3298,
          "2br": 4445,
          "3br": 5518,
          "4br": 5739
        },
        "single_family": {
          "1br": 3723,
          "2br": 4517,
          "3br": 5662,
          "4br": 6380
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 3029,
          "2br": 3990,
          "3br": 5365,
          "4br": 5609
        },
        "condo_townhome": {
          "1br": 3267,
          "2br": 4377,
          "3br": 5390,
          "4br": 5687
        },
        "single_family": {
          "1br": 3676,
          "2br": 4476,
          "3br": 5621,
          "4br": 6342
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 3020,
          "2br": 3894,
          "3br": 5262,
          "4br": 5546
        },
        "condo_townhome": {
          "1br": 3257,
          "2br": 4371,
          "3br": 5325,
          "4br": 5616
        },
        "single_family": {
          "1br": 3631,
          "2br": 4409,
          "3br": 5504,
          "4br": 6190
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 3017,
          "2br": 3873,
          "3br": 5145,
          "4br": 5471
        },
        "condo_townhome": {
          "1br": 3188,
          "2br": 4290,
          "3br": 5256,
          "4br": 5538
        },
        "single_family": {
          "1br": 3569,
          "2br": 4331,
          "3br": 5441,
          "4br": 6096
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/palo-alto-menlo-park-ca/",
    "self": "https://data.estaite.com/feeds/palo-alto-menlo-park-ca.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}