Menlo Park, CA housing market
The typical Menlo Park home is worth about $2,867,000, up 9.2% in a year, 275% above the California typical home. Homes typically sell in 16 days, a little above asking.
Home values, sales, trends and how Menlo Park compares with the towns next door — updated as new data is published.
Menlo Park at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Menlo Park | California |
|---|---|---|
| 2017 | $1,950,000 | $453,000 |
| 2018 | $2,150,000 | $501,000 |
| 2019 | $2,306,000 | $539,000 |
| 2020 | $2,281,000 | $551,000 |
| 2021 | $2,298,000 | $607,000 |
| 2022 | $2,525,000 | $703,000 |
| 2023 | $2,492,000 | $727,000 |
| 2024 | $2,469,000 | $758,000 |
| 2025 | $2,625,000 | $782,000 |
| 2026 | $2,743,000 | $767,000 |
| August 2026 | $2,867,000 | $764,000 |
66 new homes permitted in 2025
Builders were permitted 66 new homes in Menlo Park in 2025, all single-family houses, worth about $44.8 million to build. That's 2 per 1,000 residents, slower than across California (2.7). Over the past 10 years, Menlo Park has permitted 2,118 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Menlo Park gained 1,754 residents while 1,252 new homes were permitted: about 1.4 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across California: 2.7 new residents per new home.
How Menlo Park ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 42 | 42 | 0 | $34.3 million |
| 2025 | 66 | 66 | 0 | $44.8 million |
| 2024 | 84 | 84 | 0 | $69.1 million |
| 2023 | 59 | 59 | 0 | $51.1 million |
| 2022 | 821 | 45 | 776 | $144.3 million |
| 2021 | 173 | 33 | 140 | $89.1 million |
| 2020 | 12 | 12 | 0 | $19.9 million |
| 2019 | 245 | 49 | 196 | $92.1 million |
| 2018 | 203 | 56 | 147 | $56.3 million |
| 2017 | 238 | 58 | 180 | $61.8 million |
| 2016 | 217 | 51 | 166 | $55.3 million |
| 2015 | 255 | 49 | 206 | $59.2 million |
| 2014 | 49 | 49 | 0 | $32.3 million |
| 2013 | 14 | 14 | 0 | $8 million |
| 2012 | 9 | 9 | 0 | $6.7 million |
| 2011 | 10 | 10 | 0 | $7.2 million |
| 2010 | 12 | 12 | 0 | $8.6 million |
| 2009 | 8 | 8 | 0 | $5.8 million |
| 2008 | 14 | 14 | 0 | $10.1 million |
| 2007 | 10 | 10 | 0 | $7.2 million |
| 2006 | 16 | 16 | 0 | $11.5 million |
| 2005 | 23 | 23 | 0 | $16.6 million |
| 2004 | 25 | 25 | 0 | $17.8 million |
| 2003 | 18 | 18 | 0 | $12.6 million |
| 2002 | 19 | 19 | 0 | $9 million |
| 2001 | 30 | 30 | 0 | $12.9 million |
| 2000 | 38 | 38 | 0 | $14.7 million |
How Menlo Park ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Menlo Park and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Menlo Park | $2.87M | +9.2% | $4,180 | 66 | $210,025 |
| Palo Alto | $3.56M | +5.5% | $3,890 | 214 | $231,101 |
| East Palo Alto | $1.01M | −1.2% | $3,300 | 5 | $113,493 |
| Redwood City | $1.88M | +5.6% | $3,850 | 236 | $157,814 |
| West Menlo Park | — | +14.8%† | $4,210 | — | $250,001 |
| Atherton | $8.52M | +15.7% | $4,080 | 22 | $250,001 |
| Stanford | $3.17M | +5.1% | $2,730 | — | $75,208 |
† FHFA price index change, where Zillow has no home value for the town.
13.6 years of income
The typical Menlo Park home costs about 13.6 years of the town's median household income, more than across California (7.7 years).
How Menlo Park ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $4,180
HUD's Fair Market Rent for a two-bedroom in Menlo Park is $4,180 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Menlo Park pay a median of $3,239, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $2,880 · 4 bedrooms $5,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (94025, 94303; San Francisco, CA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.