Green Acres is a small neighborhood in Palo Alto with a population of 335 people. Although it does rank as the fastest growing, at a 10-year growth rate of 4.7%. Homes in Green Acres are older than most with a median age of 44 years. The top schools in the neighborhood are Herbert Hoover Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.
Homes in Green Acres are generally less expensive than others in the city with a median home value of $980,800 and an average list price of $1,921,645. With one home sold in the Green Acres market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from.
A three-bedroom detached home valued around $2,176,600 is considered a typical dwelling in Green Acres. If a buyer was looking for a similar home, they would need good credit and a $435,320 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $11,892 and the property tax rate is $5.62 per $1,000 of taxable assessed value.