Palo Alto city: Homeownership Rate Trend
How Palo Alto city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
54.9%
2023
54.2%
Total change
-0.7 pp
% change
-1.3%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 54.9% | — |
| 2019 | 54.6% | -0.3 pp (-0.5%) |
| 2020 | 56.3% | +1.7 pp (3.1%) |
| 2021 | 55.9% | -0.4 pp (-0.7%) |
| 2022 | 56.0% | +0.1 pp (0.2%) |
| 2023 | 54.2% | -1.8 pp (-3.2%) |