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Area data

Palo alto, CA — ZIP 94304

Population: 5,000 (Census ACS)

The median home value in ZIP 94304 (Palo alto, CA) is $3.24M — up 3.2% over the past year. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very High, with earthquake, inlandflooding, coastalflooding the top-rated hazards. Cost of living is 13.3% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$3.24M

Median home value

+3.2%

1-year change

Very High

Hazard risk (county)

Home values & appreciation

Median home value
$3.24M
1-year appreciation
+3.2%
3-year appreciation
+17.6%
5-year appreciation
+28.7%
10-year appreciation
+47.6%
All-time peak (2026-01)
$3.30M
House Price Index (state)
417.4 (-0.8% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

For-sale inventory
3
1-year forecast
+0.7%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$3,210/mo
1BR fair-market rent
$3,650/mo
2BR fair-market rent
$4,260/mo
3BR fair-market rent
$5,630/mo
4BR fair-market rent
$6,130/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (High)
113.3 (100 = US avg)
Electricity rate (state-level)
32.5¢/kWh
Natural gas rate (state-level)
$22.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
0
Schools include
Packard Children's Hospital/Stanford

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very High
Top hazards (county)
earthquake, inlandFlooding, coastalFlooding, drought, heatWave
Notable hazard ratings (county)
coastalFlooding: Relatively High · drought: Relatively High · earthquake: Very High · hail: Relatively Low · heatWave: Relatively High · inlandFlooding: Very High
Wildfire risk to homes (county)
Higher than 97% of US counties
Buildings in wildfire direct-exposure zone
8.2%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
1
Nearest Superfund site
Hewlett-Packard (620-640 Page Mill Road) (3.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
61.0°F
Average high
78.0°F
Average low
44.0°F
Annual precipitation
45.1 in
USDA plant hardiness zone
9b (extreme annual low 25 to 30°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
43
Days with Good air quality
240
Days with Moderate air quality
121
Highest AQI recorded (year)
134

Source: EPA air quality data (nearest monitoring station, annual)

Amenities

National parks within ~60 mi
10
Nearest national park
Eugene O'Neill National Historic Site (32 mi)
National parks include
Eugene O'Neill National Historic Site, San Francisco Maritime National Historical Park, Presidio of San Francisco
Airports within 30 mi
13
Nearest airport
Palo Alto Airport (PAO) (7 mi)
Nearest major airport
Palo Alto Airport (PAO) (7 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
PALO ALTO VA MEDICAL CENTER, LUCILE SALTER PACKARD CHILDREN'S HSP AT STANFORD
Avg hospital rating (CMS)
5.0 / 5
Best hospital rating nearby (CMS)
5.0 / 5
EV charging stations (within 10 mi)
105
Solar radiation rating
Good (5.1 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-12,496 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,996
Housing built before 1970
16.8%
Housing built 2000 or later
45.2%
Median annual property tax
$10,001
Mean commute to work
16 min
Households with broadband internet
86.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
1,025,254
Average weekly wage
$3,486
Top industries (by employment)
Professional Services, Health Care, Information
Annual residential building permits (county)
1,919

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 94304State medianUS median
Median home value$3.24M$702,573$289,727
Median annual property tax$10,001$4,533$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 94304?
$3.24M.
What is typical rent in ZIP 94304?
2-bedroom fair-market rent: $4,260/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 94304?
Overall risk: Very High (FEMA NRI, county-level). Top hazards: earthquake, inlandFlooding, coastalFlooding, drought, heatWave.
What is the wildfire risk in ZIP 94304?
Risk to homes is higher than 97% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 94304?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 94304?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Hewlett-Packard (620-640 Page Mill Road), 3.9 mi.
How many schools serve ZIP 94304?
1 schools (NCES, 2022-23).
What is the air quality in ZIP 94304?
Good. Median AQI: 43. (EPA AQI).
What is the cost of living in ZIP 94304?
Regional Price Parity: 113.3 (100 = US average) (High) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents