Midtown's October First-Time Homebuyer Report

Midtown is much older than the rest of Palo Alto, with a median age of 39. It's less affluent than average as well, with a median income of $98,162 per household. The Midtown market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. Leading the list of top schools in the neighborhood are Herbert Hoover Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

Price Range

The housing prices of Midtown are close to the city average with a median home value of $1,019,919 and a current average list price of $2,649,488. In this week's report, the number of homes sold in the Midtown market fell to eight over the past 30 days, a decrease of 20.0% from last week's report, but still above the monthly average.

Curious as to which homes have been getting the most attention in Midtown? These listings have stirred up interest and produced the most views:

$2.5M   $3M   $3.5M  

Typical Dwelling

A four-bedroom detached home valued around $2,782,700 is considered a typical dwelling in Midtown. If a buyer was looking for a similar home, they would need good credit and a $556,540 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $8,963 and the property tax rate is $5.45 per $1,000 of taxable assessed value.

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

Data reported through 10/13/2016


Ask a local expert about this area:
Better Homes and Gardens Real Estate J.F. Finnegan
5 reviews
Keller Williams
Snapped 13 homes in this area
Intero Real Estate Services
Snapped 140 homes in this area

Agents that specialize in this area
69 snaps in this area
8 snaps in this area
16 snaps in this area
1 snap in this area
7 snaps in this area
5 snaps in this area
3 snaps in this area
3 snaps in this area
3 snaps in this area
2 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
with Facebook Sign-in with Twitter
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

with Facebook Sign-in with Twitter

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.