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For Palo Alto renters, saving for a down payment could take 50 years

Katherine Langford
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN

Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.

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Editor-in-Chief · Thursday, October 29, 2026 at 12:00 AM · 1 min read
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For Palo Alto renters, saving for a down payment could take 50 years — Menlo Park Community news

Bay Area households that rent and hope to buy their first home could need decades to save enough for a down payment and closing costs on a starter home. The estimated time is 28 years in the San Francisco metropolitan area, 43 years in the San Jose area and nearly 50 years in Palo Alto, according to calculations based on a new homeownership affordability study’s methodology. The post For Palo Alto renters, saving for a down payment could take 50 years appeared first on Palo Alto Online.

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