West Menlo Park First-Time Homebuyer Report for October

West Menlo Park has a younger population than other areas in California with a median age of 40 years. It is also very affluent with a median income of $138,867 per household. The West Menlo Park market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Heading the list of top schools in the city is Las Lomitas Elementary School.

Price Range

Some of the more expensive homes in California are in West Menlo Park with a median home value of $1,099,400 and an average list price for available homes currently at $2,672,288. Over the last 30 days, the West Menlo Park market looked healthy with eight homes sold, a 60.0% increase from last week's report.

Wonder which homes are generating the most buzz? Here are the most viewed listings in West Menlo Park:

$3.1M   $1.7M   $4M  

Typical Dwelling

The typical dwelling in West Menlo Park is a four-bedroom detached home worth about $3,025,755. To purchase a similar home, a buyer with good credit and a $605,151 cash down payment could obtain a mortgage with a 3.95% interest rate and a $11,318 monthly payment. The property tax rate is $5.34 per $1,000 of taxable assessed value.

Get started right now by checking out West Menlo Park homes for sale or reviewing West Menlo Park real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Better Homes and Gardens Real Estate J.F. Finnegan
5 reviews
Pacific Union International
Snapped 6 homes in this area
Maxreal
Snapped 5 homes in this area

Agents that specialize in this area
4 snaps in this area
3 snaps in this area
1 snap in this area
3 snaps in this area
1 snap in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.