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Los Altos real estate market overview
- Average Monthly Rent: $3,202
- Home Price/Value Percentage Change: -5.70%
- Median Home Value: $3,919,629
- Best Time To Sell a Home: November
- Affordability Index: Low
- Days To Sell a House: 38
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Los Altos is a town of rolling hills, scenic valleys and an unusual pathway system which is 80 miles of beautiful trails and off-road paths that meander around and connects most of the community. The town is dedicated to the preservation of a "residential-agricultural" lifestyle, which is shown in gracious homes, vast open lands, rolling hills, spectacular views of the South and East Bay communities, and a uniquely rural atmosphere.
In Los Altos, the summers are long, mild and dry and the winters are short, cold and wet. The average summer high temperature is in the mid-70's with lows in the low 60's. The winter high temperature is in the low 60's with low temperatures in the 40's.
Population, job market and cost of living
Los Altos' population in 2023 is 32,430 with a growth rate of 0.82%.
The job growth has decreased by -7.07% over last year. Ten-year future predicted job growth is 38.9%. The major industries are Management, Business, Science and Art. The major employers are the Speechpad, Toyota Research Institute, Contrast Security, Epicurean Group and Placer.ai.
The cost of living is high due to the Los Altos real estate market and high cost of available housing. With scenic views and vast open lands, 80 miles of trails, a rural atmosphere, mild climate, good job growth and diversified industries, Los Altos will continue to attract those who want to live and work in this unique community.
Los Altos real estate market details
- South Los Altos
- Blossom Valley
- Loyola
- North Los Altos
- Central Los Altos
The average monthly rent in Los Altos is $3,202 for an average apartment size of 896 sq. feet.
There has been an -5.7% decrease in median home value over the last year. As of 2023, the median home value is $3,919,629.
On average, homes in Los Altos sell after 38 days on the market.
The best time to sell a home for the highest valued sale is during November. For the quickest sale, homeowners should sell in March.
The affordability index in Los Altos is 472. This number indicates low affordability in this city.
The top ranked public schools are Bullis Charter, Los Altos High School, Montclair Elementary School, Georgina P. Blach Junior High School and Almond Elementary School. This information is based on data measuring academic performance and equity.