Like any large city, home prices in Palo Alto have continued to increase over the years. Fortunately, there are still some neighborhoods in Palo Alto that offer some affordable housing options. These are the cheapest neighborhoods in Palo Alto for 2026. The neighborhoods are ranked by the lowest median home prices when compared to the average median home price in Palo Alto.

Population 992
-22%
Median Home Value $2,755,254
22% less expensive than Palo Alto
Population 2,488
-18%
Median Home Value $2,906,640
18% less expensive than Palo Alto
Population 3,307
-16%
Median Home Value $2,967,998
16% less expensive than Palo Alto
Population 2,231
-16%
Median Home Value $2,974,566
16% less expensive than Palo Alto
Population 3,264
-15%
Median Home Value $3,014,020
15% less expensive than Palo Alto
Population 1,890
-12%
Median Home Value $3,113,254
12% less expensive than Palo Alto
Population 4,000
-12%
Median Home Value $3,129,538
12% less expensive than Palo Alto
Population 1,508
-7%
Median Home Value $3,301,309
7% less expensive than Palo Alto
Population 3,652
-6%
Median Home Value $3,327,009
6% less expensive than Palo Alto
Population 148
-1%
Median Home Value $3,505,638
1% less expensive than Palo Alto
Is This the Right Place for You? Local Insights Report
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Local Insights Report