78343 Zip Code

April 20, 2024

Zip Code:	78343
City/Town:	Palo Alto
State:	Texas

Population:	4,525
Per Capita Income:	$19,011
Mean Household Income:	$57,755

Total Housing Units:	1,579
Median Home Value:	$45,200
Median Year Homes Built:	1963

Land Area:	165.2 sq miles 427.8 sq kilometers
Water Area:	0.4 sq miles 1.1 sq kilometers

Population Information (78343 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

4,525

Male:

2,239

49.5%

49.2%

Female:

2,286

50.5%

50.8%

Median Age:

38.0 yrs

37.2 yrs

Under 5 years:

313

6.9%

6.5%

5 to 9 years:

306

8.2%

6.6%

10 to 19 years:

718

15.9%

13.8%

20 to 29 years:

524

11.6%

13.8%

30 to 39 years:

516

11.4%

13.0%

40 to 49 years:

608

13.4%

14.2%

50 to 59 years:

601

13.3%

13.6%

60 to 69 years:

481

10.6%

9.4%

70 to 79 years:

275

6.1%

5.4%

80 years and over:

183

4.0%

3.7%

Housing Information (78343 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$45,200

$119,600

Median year homes build:

1963

1971

Median real estate taxes:

$691 / yr.

$1,334 / yr.

Median rent:

$368 / mo.

$519 / mo.

Total households:

1,579

Family households:

1,189

75.3%

66.4%

Nonfamily households:

390

24.7%

33.6%

Households with individuals under 18 years:

604

38.3%

33.4%

Households with individuals 65 years and over:

516

32.7%

24.9%

Average household size:

2.9

Average family size:

3.3

Total housing units:

1,851

Occupied housing units:

1,579

85.3%

88.6%

Vacant housing units:

272

14.7%

11.4%

For rent:

2.6%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

1.9%

1.4%

Sold, not occupied:

0.5%

0.3%

For seasonal, recreational, or occasional use:

2.1%

3.5%

All other vacants:

140

7.6%

2.8%

Homeowner vacancy rate:

2.8%

2.4%

Rental vacancy rate:

12.5%

9.2%

Owner-occupied housing units:

1,244

Population in owner-occupied housing units:

3,562

Average household size of owner-occupied units:

2.9

2.65

Renter-occupied housing units:

335

Population in renter-occupied housing units:

963

Average household size of renter-occupied units:

2.9

2.44

Educational Attainment (78343 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

2,887

Less than 9th grade:

607

21.0%

6.2%

9th to 12th grade, no diploma:

347

12.0%

8.7%

High school graduate (includes equivalency):

754

26.1%

29.0%

Some college, no degree:

646

22.4%

20.6%

Associate degree:

113

3.9%

7.5%

Bachelor's degree:

299

10.4%

17.6%

Graduate or professional degree:

121

4.2%

10.3%

Percent high school graduate or higher:

67.0%

85.0%

Percent bachelor's degree or higher:

14.5%

27.9%

Income Information (78343 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

1,539

34.0%

50.4%

Median income:

$22,971 / yr.

$27,932 / yr.

Full-time, year-round workers:

687

15.2%

59.7%

Median income:

$31,530 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,346

29.7%

49.6%

Median income:

$10,676 / yr.

$16,327 / yr.

Full-time, year-round workers:

445

9.8%

40.3%

Median income:

$23,431 / yr.

$28,135 / yr.

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